Aadhaar Card Issues

Govt moves to check benami, Aadhaar to be made must for property deals

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Mains Paper 2: Governance | Important aspects of governance, transparency and accountability, e-governance- applications, models, successes, limitations, and potential

From the UPSC perspective, the following things are important:

Prelims Level: Particulars of the Benami Transactions (Prohibition) Amended Act, 2016

Mains Level: Important step to curb black money and related issues.

News

Move to curb Benami Transactions and the use of black money in Property Deals

  1. The government is planning to make Aadhaar-based authentication mandatory at the time of registration of documents such as agreement for sale, power of attorney,etc.
  2. The government has also firmed up plans to enable electronic registration of properties, for which Aadhaar-based authentication will be a prerequisite
  3. For this, the government is planning to amend Sections 32 and 32A of the Registration Act, 1908
  4. Also, the Aadhaar law allows the Central Identities Data Repository, under the UIDAI, to offer authentication services

Expected benefits of this step

  1. This is expected to ensure foolproof property titles for the buyers
  2. It will also minimise the scope of fraudulent and benami transactions

Other steps taken by the Government to curb black money in real state

  1. The government also enacted the Benami Transactions (Prohibition) Amended Act, 2016 last year
  2. This law empowers authorities to provisionally attach and eventually confiscate benami properties

 

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