They will have to reply within 10 days to avoid any notice from the tax department or further enforcement action.
The government, however, asserted that the Budget will be presented as scheduled, rejecting the opposition's allegations that it will impact the upcoming assembly elections.
Gandhi said if the Congress was voted to power, his party's government would function from Gujarat and not on orders from Delhi.
From note ban result to Delhi's next L-G, a few things to look forward to.
The GDP slumped to a three-year low lagging China for the second straight quarter -- as manufacturing slowed ahead of the GST launch amid demonetisation effect.
The opposition stated that BJP party members converted their black money by purchasing eight land parcels worth Rs 3.41 crore in Bihar in the run up to the notes ban.
Exporters believe the situation will also have a grave outcome for employment, with large numbers of casual laborers looking at no work, as well as downstream units facing a loss of work, reports Subhayan Chakraborty.
Mother's market or 'Ima Kheitel' in Manipuri is not just a market but a sign of empowerment of women.
Revenue share from India has inched up to nearly 0.8 per cent of its global sales. The revenue growth rate is in stark contrast to the firm's performance in volume terms.
It is not a good idea to take the line that since demonetisation happened in the third quarter, everything that happened then was a consequence of that, says Chief Statistician TCA Anant.
'With the Election Commission wisening up to the practice, which strikes at the very root of electoral democracy, the practitioners of cash for votes have been getting more and more ingenious,' points out Saisuresh Sivaswamy.
The specifics will also cover what's fit and proper to be a chest manager; the insurance and re-insurance aspects; and the new capital threshold, which is Rs 100 crore now.
Jaitley said, RBI will decide by assessing market situation
'If the Modi government does not waive farm loans, we guarantee to waive farm loans if voted to power in 2019'
While RBI may cut rates by 25 basis points in the February policy review, global monetary policies hold the key to much of the financial assets flow in 2017
He said that the grouping up of opposition parties, which are "jealous" of Prime Minister Narendra Modi's popularity, is opportunistic and will not succeed.
Many in the BJP believe that postponing the UP elections even by a month will allow the negative perception against demonetisation to dissipate.
Allegations of strains on democratic and constitutional institutions across the board, security threats from outside, a greedy Opposition inside, were all a part of the package then as now, says N Sathiya Moorthy.
Note ban hits sales and registration of new cars; states work online payments model to deal with cash crunch. Ajay Modi and T E Narasimhan report.
Builders bet on affordable homes as luxury sales dip, however, signs of revival after note ban and Rera are slowly visible
Consolidated net debt of Airtel increased by 24 per cent to Rs 97,395.2 crore.
What was recovered from Bhajiawala family: Rs 1.45 crore cash, of which about Rs 1.05 crore was in new currency notes, bullion worth Rs 1.49 crore, gold jewellery valued at Rs 4.92 crore, other ornaments worth Rs 1.39 crore and silver ingots priced at Rs 1.28 crore.
It has come to light that Rs 25,000 cr cash was deposited in dormant bank accounts while nearly Rs 80,000 cr of repayment of loans was done in cash since November 8
Although the first woman to hold the position of chief economist at IMF, it would be wrong to see her appointment through the lens of gender
Gandhi said Modi was frequently shifting his campaign plank in Gujarat.
The CAG audit may look into expenditure on printing of notes, RBI dividend payout and banking transaction data.
He promised a complete loan waiver to farmers as soon as the Congress formed government in the state.
Looking for a way out, property developers deal in banned notes.
The Economic Survey said that a number of indicators -- GDP, IIP, credit, investment and capacity utilisation, point to a deceleration in real activity since first quarter of 2016-17 and a further deceleration since the third quarter.
Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts
Modi addressed Bharatiya Janata Party's Parivartan Yatra through mobile phone from Lucknow after the Indian Air Force chopper carrying him failed to land in Bahraich due to poor visibility.
'If the RBI now only prints Rs 100 in small denomination notes and the remaining amount is printed in Rs 500 and Rs 2,000 denominations, then by March-end the central bank can completely normalise the cash crunch situation.'
Workers who had gone to their hometowns and did not return for work after Diwali vacation owing to the demonetisation impact have now started trickling back to the industrial hubs in Gujarat, say Vimukt Dave & Sohini Das.
The cost of production of onion is around 800-900 per quintal, while prices are hovering around 500 per quintal across major wholesale markets.
Between now and the general elections (likely in May 2019) there are 12 assembly polls, which analysts say, in a way will also be interpreted as a referendum on the Modi-led government's key reforms
'I don't buy the theory that if the BJP gets less than 220 seats or 200 seats, there will be a change in leadership.'
Ramping up his attack against the prime minister, the Congress chief questioned the prime minister's silence on rising fuel prices, the Rafale jet deal and issues such as farmer suicides, atrocities against women and unemployment.
The I-T dept has issued 87 notices under section 24 of the said Act
Digital transaction players are hurriedly drawing up a memorandum to be taken to the central bank in hope of having a few of the guidelines -- such as full Know Your Customer (KYC) compliance in 12 months -- overturned, reports Karan Choudhury
The report cautioned that low capacity utilisation and stressed balance sheets of banks and businesses will prevent a strong investment revival in the short term.
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