New law to track black money: Jaitley
New Delhi
28-February-2015
Finance Minister Arun Jaitley Saturday said the government was committed to tracing black money stashed abroad and a comprehensive new law will be framed to track it.
"On black money, a new structure including e-filing and tracking down is our abiding commitment," Jaitley said in his budget speech.
He said a "comprehensive new law to track black money" would be framed.
He also said there will be rigorous imprisonment of 10 years under black money law.
The finance minister said a benami property transaction bill will be brought to tackle black money transactions in real estate. - IANS
More Headlines
Sailing Into India’s Blue Economy: How Waterways Are Powering Growth and Jobs
Maoist Leader With Rs 1 Crore Reward Among 3 Killed in Jharkhand Encounter
Supreme Court Verdict on Waqf (Amendment) Act 2025 to Be Pronounced Today
Indian-Origin Motel Manager Chandra Nagamallaiah Beheaded in Brutal Dallas Attack
Kerala Minister Saji Cherian Stops for Idlis and Tea at Roadside Shop in Thiruvananthapuram
Sailing Into India’s Blue Economy: How Waterways Are Powering Growth and Jobs
Maoist Leader With Rs 1 Crore Reward Among 3 Killed in Jharkhand Encounter
Supreme Court Verdict on Waqf (Amendment) Act 2025 to Be Pronounced Today
Indian-Origin Motel Manager Chandra Nagamallaiah Beheaded in Brutal Dallas Attack
Kerala Minister Saji Cherian Stops for Idlis and Tea at Roadside Shop in Thiruvananthapuram