Cutting investment avenues for black money
1. The income tax department should be asked to scrutinise such deals, especially high value re-sale deals. Cases caught should be disclosed in media.
2. Regular press releases in media advising public that the government is keeping an eye on such transactions.
3. Most importantly, the government should have the first right to purchase the property on the price being recorded on sale deed.
Of course, the government needs to do this only in case it is serious of getting rid of corruption to a large extent. Alternatively, it may acquiesce in it and ignore the promises made to voters before elections.
R. B. Singh more