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S&P corporates and banks are likely to face short-term downside risk as the demonetisation-induced cash crunch will curtail GDP growth.

I-T dept detects Rs 3-4 lakh crore unaccounted money

Tax watchdog says Rs 25,000 crore worth of cash was deposited in dormant bank accounts since demonetisation.

10 Jan 2017 12:20 PM IST

Income Tax officials conducted a raid at Tamil Nadu Chief Secretary Rammohan Raos residence in Chennais Anna Nagar on Wednesday. (Photo: PTI)

Tax dept scans 1 cr accounts under 'Operation Clean Money'

Department has sent SMS and emails to 18 lakh people who have made suspicious deposits of Rs 5 lakh and above.

5 Feb 2017 11:07 AM IST