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Income Tax raids

07 Nov 2020

Income Tax raids Chennai-based IT infra group, detects black money Rs 1,000 cr

It was found that the group had borrowed funds from banks on interest and diverted to other group companies free of interest for investments in properties The search also revealed that the group had purchased about 800 acres of land worth at least Rs 500 crore, in the names of various shell companies Applicability of the Prohibition of Benami Property Transactions Act, 1988 to these transactions is being examined

29 Nov 2016

Govt not to extend December 30 deadline for depositing old notes; says RBI, banks have enough cash

"There is sufficient cash available with the Reserve Bank of India and banks. Circulation of notes in respect of Rs 100 has already been increased," Minister of State for Finance Arjun Ram Meghwal said.

13 Nov 2016

Demonetisation: Hirani describes Modi’s move as ‘bold and innovative’

Raju Hirani lauds PM Modi’s decision to demonetise money, says black money will not exist henceforth

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