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More laws needed to fight corruption, black money: PHDCCI

Press Trust of India  |  New Delhi 

More legislations are needed to deal with the menace of black money and in the country, PHD and Industry said today.

Addressing a conference here, the chamber's exuded confidence that the Benami Transactions (Prohibition) Amendment Act, 2016 would amount to removing black money stored in the He said more legislations of this nature are needed to root out and eliminate the growing menace of black money.

"However, each provision should not be laced with provision of imprisonment," he said, according to a statement issued by the industry body.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 19:25 IST