Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Income Tax seizes over Rs 1 crore in red light area

Apr 03 2014, 18:50 IST
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SummaryOfficials of the investigation wing of the Income Tax department carried out search and seizure operations in the red light area.

Officials of the investigation wing of the Income Tax (I-T) department today carried out search and seizure operations in the red light area, Sonagachi, in the northern part of the city and recovered cash in excess of Rs one crore.

Sources in the I-T investigation wing told PTI that the officials conducted search operations in certain parts of the area early this morning.

The operations were carried out upon the owners of the houses in the area where sex workers stay and do their trade.

"This is for the first time that such an operation was conducted in a red light area," one I-T official said.

The officials sealed the bank accounts and lockers of those persons whose premises were searched, he added.

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