 "Government to bring Bill to curb <i>benami</i> transactions soon")
"As regards the benami Bill, the redrafted Act is at a very advanced stage... A more modern Benami bill has been drafted. It will reach the Cabinet any day," Finance Minister Arun Jaitley said.
Apart from confiscation, the Bill would provide for prosecution and would aim to act as a major avenue for blocking generation and holding of black money in the form of benami property, especially in real estate.
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