Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Thursday, 30 November 2017

Nami or Benami ? Why Differentiate ?






Following report appears in today’s Hindustan Times :



“ PMNarendra Modi says Aadhaar will be used to track benami properties “


Prime Minister Narendra Modi said on Thursday the 12-digit biometric Aadhaar number would be used to track assets bought with slush funds in a proxy’s name, better known as “benami property”, reaffirming his government’s resolve to crack down on corruption.

Modi’s statement at the inaugural session of the 15th edition of the Hindustan Times Leadership Summit confirms reports of the government’s plan to use the unique identity number for property transactions, a sector where the use of black money is rampant.

The move to clamp down on benami transactions follows a series of measures the government has taken to combat corruption. Modi said measures such as demonetisation and a new goods and services tax had left the corrupt scared and brought black money into the formal economy.


Dear Shri Narendrabhai :



When it comes to linking Aadhar with a person , race / region / religion / creed / caste etc do not form a basis


In same way , linking Aadhar with a given property , must not depend upon whether it is a “ Nami Property “ or a “ Benami Property



And why wait for a “ Property Transaction “ to take place , in order to uncover a “ Benami Property “ ?



Why not insist that ALL properties must be linked with the Aadhar Number of its owner ?



As to how this can be done , please refer to my following earlier emails :








Then mandate that ALL property transactions must be registered online ( on some Govt portal ) , in the following form :


·         
Name of the Seller / his Aadhar Number / PAN Number


·         Address ( as per www.What3Words.com ) of the property


·         Selling Price / Bank Account in which amount deposited


·         Name of the Buyer / his Aadhar Number / PAN Number


*    Buyer’s Bank Account Number from which payment made



This will ensure that no property will remain Benami  !



01    Dec  2017


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