Benaami Accounts and Demonetisation: Inputs Sought

Some of you have reported on the prevalence of Benami accounts that exist at various banks in India and how these are being used to deposit black money.

With this post, we would like to seek your inputs on how Govt Of India should track down these accounts in the most effective manner and disable them so this black money cannot be converted into white money.

We look forward to your inputs! more  

View all 102 comments Below 102 comments
Respectful Members, 1.Loan Waiver scheme implemented in some states for famers but it is not implemented in fair manner.2.Reason : limit should be kept that it should be valid < 5 acres of land per family but it is implemented for Rich farmers more than 5 Acres of land not for poor farmers. These money is all taxable income paid by middle class family.2.Demonetisation scheme is excellent but it is going sideways due to local politicians, Gramena Banks under Political Authority ,Janadhan accounts and rich farmers pressurizing politicians by making false news in media.3.Everyparty said they are thinking about farmers that is false,they are thinking about their benami rich farmers. Please check all the details proofs of properties which are linked to Adhar or others in Registrar office then we can know what is really going on.4. Some people taking advantage the ban of 50o and 1000 notes by paying full amount suddenly at a time >250000 for Gold loans ,personal loans .please check how they suddenly clear all loans at a time and these people declaring income more  
I have just heard from a friend that certain gold dealers are following the following method in helping people to dispose of their old demonized notes in the following manner: The Gold dealer accepts 50000/ rupees in old currency showing it a purchase of gold worth 30000/ rupees and pays him 30000/ rupees by cheque. Thus pocketing Rs. 20000/= as commission. I THINK THE GOVERNMENT SHOULD LOOK INTO THIS AND ENSURE THAT THE STOCK OF GOLD WITHE THE GOLD DEALERS AND JEWELERS IS MONITORED. more  
Every Bank Account should be linked to Aadhar card No. and Pan Card No.if they are income tax payers.Sr officers of the Bank can make surprise visit to houses of Account holders to verify the physical existence of such account holders. more  
Many labourers are daily standing in queue on behalf of black money holders to exchange and get their commission.They are pretending as sufferers and giving TV bites .Many bank elements are helping these money bags .Legalaction must be taken. more  
Benami deals is the CURSE to Indian society, there should be some sort of Intelligent net work to keep track. Anonymous letters where in the Safety of the information provider to be kept safe. There should be an opportunity for the common an to express his opinion on the execution of any work, quality and regular reports are to be sought on Corrupt men in offices by getting drop box facility to help locate the corrupt. An eagle eye on Politicians is necessary. Every one in the locality knows how the persons riches have grown hwy the IT persons does not know about the same is intriguing. more  
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