<h1>Cabinet Approves Amendments to Benami Transactions Act, 1988, Targeting Black Money with New Confiscation and Penalty Measures.</h1> The Union Cabinet, led by the Prime Minister, has approved amendments to the Benami Transactions (Prohibition) Act, 1988, by introducing the Benami Transactions (Prohibition) (Amendment) Bill, 2015 in Parliament. The proposed amendments aim to combat black money by allowing the attachment and confiscation of benami properties, along with imposing fines and imprisonment. This initiative is part of a broader effort to address black money issues within the country. The Department of Revenue, in collaboration with the Legislative Department, has facilitated these amendments.