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Home » Economy » Modi defends demonetisation rule changes; vows to fight against benami property

Modi defends demonetisation rule changes; vows to fight against benami property

By Newsd
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Prime Minister Narendra Modi defended the frequent changes to the rules governing demonetisation as ‘a sign of a responsive government’. Modi was responding to critics who have been arguing over the repeated rule changes carried out by the government ever since the scrapping of the 500 and 1000- rupee notes.

“People, who cannot endorse corruption and black money openly, resort to searching for faults of the government relentlessly,” Modi asserted in his monthly radio address, Mann Ki Baat.

“Another issue which comes up is this: Why are rules changed time and again? This government is for the sake of the people. The government continuously endeavours to take feedback from them. What are the areas of difficulty for the people? What are the rules that are creating hindrances? And what are the possible solutions?” the BJP leader explained.

The 66-year-old also talked about laws on benami property – a property bought by an individual not under his or her name. It can include property held in the name of spouse or child for which the amount is paid out of known sources of income. A joint property with brother, sister or other relatives for which the amount is paid out of known sources of income also falls under benami property.

“Notebandi was only the first step in the fight against corruption and black money and an incisive law on benami property was next,” said Modi. “In the coming days, this law will also become operational.”

He added, “I assure you that this is not the end. This is just the beginning in our fight against corruption. We have to win this war against corruption and black money. There is no question of stopping or going back in this fight.”

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