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Majority of black money hoarders are now planning to take refuge under Section 270A of the Income Tax Act to safeguard their money and also escape punitive action. (Representational image)

Note ban: IT raids Tamil Nadu Chief Secretary's residence in Chennai

The Income Tax department has been conducting raids across the country over the last few days, following demonetisation.

21 Dec 2016 10:19 AM IST

People queue up inside a bank to withdraw cash in Bhopal. (Photo: PTI)

After RBI order, banks refuse deposits over Rs 5000 despite...

Bankers are wary about accepting these deposits, fearing that they could be harassed by tax authorities later.

21 Dec 2016 9:59 AM IST

At present, Air India is using the Atlantic route, which consumes more than 17 hours to reach San Francisco

Passengers left without luggage as Air India drops cargo for takeoff

Air India, however, claimed that the stranded baggage of passengers had already been transported to the destination...

21 Dec 2016 9:46 AM IST

A queue in front of an ATM at Koramangala in Bengaluru on Tuesday. (Photo: DC)

Limits on ATM withdrawals to be removed after Dec 30: MoS Finance

Currently, a maximum of Rs 2,500 can be withdrawn from ATMs in a day.

21 Dec 2016 9:24 AM IST

Manjeri Medical College in Malappuram. (Photo: File)

Kerala: 21 medical students suspended after 41 juniors allege ragging

But college authorities have ruled out action from the Medical Council of India and termed the incident inconsequential.

21 Dec 2016 9:14 AM IST

Former Finance Minister P Chidambaram told reporters.

Whoever suggested note ban needs basic course in economics:...

By demonetisation, the Modi government created a myth that all cash is black money and all black money is cash, he said.

21 Dec 2016 8:56 AM IST

RSS chief Mohan Bhagwat. (Photo: PTI)

RSS not a remote control, wants strong India with Hindutva at core:...

It is wrong to look at Hindutva as an ideology of a particular religion or community, Mohan Bhagwat said.

21 Dec 2016 8:39 AM IST