On Wednesday, authorities seized Rs 1.80 crore in cash from the son of a BJP candidate in Arunachal Pradesh and a former legislator at a government guest house in East Siang district's Pasighat town, officials said.
The owners of the flats said that the thieves broke the locks, barged into their houses and stole cash, jewellery and other important articles.
After high-voltage campaigns that saw war of words among contending parties, Telangana is all set for assembly polls on Friday.
Each of the cash boxes shall be secured to the floor with separate chains and locks that can be opened only by using separate keys kept with different custodians.
This comes after recovery of Rs 163 crore cash and about 100-kg bullion following raids earlier this week at multiple premises of a road construction firm in Tamil Nadu.
The finger of suspicion pointed at some persons working in the residence of the former Finance Minister, who has police security for his house, an official said.
"In the next couple of days, we will have a supply of about Rs 2,500 crore worth of Rs 500 notes per day. In a month, supply would be about Rs 70,000-75,000 crore. These notes alone can more than meet the demand of any month," a senior official said.
The Delhi Directorate of the Income Tax Department made the huge seizure, which included bullion and jewelry, from a safe deposit vaults named U & I Vaults Limited.
I-T raided 130 premises of the business houses in Chennai, Hyderabad, Thrissur and locations in Kerala, Karnataka, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Delhi and West Bengal, sources said.
The Microsoft Windows flaw (MS17-010) exploited by ransomware ‘WannaCry’ has now been exploited for spreading another type of virus that is now generating digital cash quickly from infected machines.
People said that they have been withdrawing large amounts from the ATMs as some banks are levying a transaction fee after every four withdrawals. This is perhaps leading to the ATMs quickly running out of cash.
The Reserve Bank of India is likely to ease the weekly withdrawal limits from banks as well as ATMs by the end of February.
The government is yet to take a final call on the recommendation of the high-powered chief ministers’ panel to levy a Banking Cash Transaction Tax (BCTT) on cash deals of Rs 50,000, the Finance ministry
The cap on cash withdrawal may not be necessary from January 1, as 250-300 million currency notes were being printed on a daily basis, Minister of State for Finance Santosh Gangwar has said. "I have
The Central Board of Direct Taxes (CBDT) today notified that traders receiving cash worth more than Rs 2 lakh in any single transaction for the sale of goods and services will have to send reports
India's central banking institution, the Reserve Bank of India (RBI) has supplied as much as Rs 5.50 lakh crore in new currency to the banking system so far and more currency will be infused in
The Enforcement Directorate (ED) on Wednesday conducted a raid and seized Rs 2.19 crore from Chandigarh as part of its operation to check hawala trade in the wake of demonetisation. Officials said the sleuths of
In raids carried out at eight locations across Chennai, Income Tax officials recovered Rs. 90 crore in cash and 100 kg gold from jewellers on Thursday.
The government’s move to demonetize high-value currency is probably going to affect India’s growth in the short term as well as the informal sector like retail trade, hotels, restaurants and transportation, and the unorganised sector,
Cash and jewellery worth Rs 130 crore have been seized and Rs 2,000 crore of undisclosed wealth has been admitted by taxpayers after demonetisation.
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