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Officials of the <keyword id="65338" type="ORGANIZATION" weightage="20" keywordseo="Income-Tax-Department">Income Tax Department</keyword> are conducting raids at <a href="http://www.businessinsider.in/searchresult.cms?query=Tamil+Nadu+&amp;sortorder=effectivedate">Tamil Nadu </a>Chief Secretary P. <keyword id="262564" type="PERSON" weightage="20" keywordseo="Rama-Mohana-Rao">Rama Mohana Rao</keyword>'s residence in Anna Nagar, Chennai. 
 
Reportedly, the <a href="http://www.businessinsider.in/searchresult.cms?query=I-T+officials+&amp;sortorder=effectivedate">I-T officials </a>are conducting search and survey operation on 13 premises that belong to Rao and his family and associates in Chennai, Bengaluru and Chittoor. 
 
According to sources, the chief secretary was under the I-T scanner for quite some time. I-T officials are questioning Rao since morning 5:30 am. 
 The raids are being conducted in connection with his alleged links with sand mining baron <keyword id="3982146" type="UNKNOWN" weightage="20" keywordseo="j-shekar-reddy">J Shekar Reddy</keyword> and others. 
 Earlier, the I-T department had seized 177 kg of <keyword id="18712" type="ENTERTAINMENT" weightage="20" keywordseo="Gold">gold</keyword>, cash worth Rs 34 crore in the new Rs 2000 denomination and Rs 96 crore in demonetised Rs 500 and Rs 1,000 notes from three businessmen - J. <keyword id="6734894" type="PERSON" weightage="20" keywordseo="Shekhar-Reddy">Shekhar Reddy</keyword>, Srinivasalu and Prem. 
 Both CBI and <keyword id="6357808" type="ORGANIZATION" weightage="20" keywordseo="Enforcement-Directorate">Enforcement Directorate</keyword> have registered cases against Shekhar Reddy and others for allegedly money laundering black money. 
 In a major shuffle after the re-election of AIADMK government in <keyword id="20154" type="ORGANIZATION" weightage="100" keywordseo="tamil-nadu">Tamil Nadu</keyword>, Rao was appointed Chief Secretary in June this year. Rao, 1985 batch IAS officer, also holds additional charge of Vigilance Commissioner and Commissioner for Administrative reforms.

I-T officials raid Tamil Nadu chief secretary’s house in a money laundering case

With so many highway movies doing the rounds, sojourning from city to city and state to state feels like a romantic prelude to a long <keyword id="6374782" type="UNKNOWN" weightage="100" keywordseo="journey">journey</keyword> of self-discovery – till reality strikes. And just like a movie, the reality can be multilayered – varying from bad roads to gasping traffic and minimal road safety. But we promised you relief from those travelling conditions the next time we return with our <keyword id="2053047" type="UNKNOWN" weightage="100" keywordseo="Open-roads">Open Roads</keyword> series. And here we are, with more information about a whole new bunch of <keyword id="2074695" type="UNKNOWN" weightage="100" keywordseo="Intracity-and-inter-city-expressways">intracity and inter-city expressways</keyword> that not only reduce <keyword id="4251245" type="UNKNOWN" weightage="100" keywordseo="Commute-time">commute time</keyword> but also reshape a country’s landscape, <keyword id="34412" type="ORGANIZATION" weightage="80" keywordseo="economy">economy</keyword> and way of life. In the last slideshow of this series, the journey begins from the <keyword id="44875" type="UNKNOWN" weightage="100" keywordseo="West-coast">west coast</keyword> and goes down south. 
 As we have mentioned before, expressways are limited-access roads designed for high-speed traffic. The economic impact of an <keyword id="2074705" type="UNKNOWN" weightage="100" keywordseo="Expressway-network">expressway network</keyword> criss-crossing the country is all too obvious and the <keyword id="6404450" type="ORGANIZATION" weightage="100" keywordseo="Ministry-of-Road-Transport-and-Highways">Ministry of Road Transport and Highways</keyword> (MoRTH) has already recommended a total <keyword id="2074707" type="UNKNOWN" weightage="100" keywordseo="E-way-network">e-way network</keyword> of about 18,637 km in the country. Development work is being done in three phases and is scheduled to be completed by 2022. During the Interim Budget, <keyword id="6355261" type="POSITION" weightage="60" keywordseo="Finance-minister">Finance Minister</keyword> <keyword id="43940" type="PERSON" weightage="60" keywordseo="P-Chidambaram">P Chidambaram</keyword> also told the Parliament the road network in the country witnessed over sevenfold increase at 3.89 lakh km over the past decade. 
 Does that mean we may soon see an <keyword id="2074709" type="UNKNOWN" weightage="100" keywordseo="E-way-ecosystem">e-way ecosystem</keyword> similar to the interstate system in the US? Given the obstacles in terms of <keyword id="6364579" type="UNKNOWN" weightage="100" keywordseo="Land-acquisition">land acquisition</keyword>, <keyword id="414903" type="UNKNOWN" weightage="100" keywordseo="fund-crunch">fund crunch</keyword> and <keyword id="2074714" type="UNKNOWN" weightage="100" keywordseo="Slow-implementation">slow implementation</keyword>, it’s definitely going to take some time. Meanwhile, hop into the driver’s seat and go off exploring some super-fast roads you have not travelled yet. After all, it’s a journey with no end… and wheels will always need roads. 
 
Image: Thinkstock Photos/Getty Images

Be It Intracity Or
Inter-city, These 5 Expressways Make Travelling A Breeze

<ul><li>Buying a house is becoming more and more expensive, as the metro cities are becoming crowded. </li><li>ANAROCK, a property consultancy firm, shared the list of top 10 most expensive location in India to buy a house. </li><li>The most expensive place to buy a house is Mumbai's Tardeo where a square foot of land can foot a bill of ₹56,200. </li></ul>The financial capital of India is also home to the country’s most priciest homes and pin codes. South Mumbai's Tardeo was declared most most expensive luxury residential location, which costs an enormous ₹ 56,200 per sq. ft. according to a property consultant ANAROCK. It means an average home in Mumbai’s costliest district only start at around ₹ 6.6 crore. Tardeo has three things going for it -- connectivity, connectivity and connectivity. This commercial and residential locality of the rich and the famous, is easily accessible to three key forms of transport — Chhatrapati Shivaji International Airport, Mumbai Central Railway Station and bus stands. Mumbai also snagged the second and third most hyper-expensive luxury housing locations are also in Mumbai. Worli and Mahalaxmi, with per square feet prices at INR 41,500 and INR 40,000 per sq. ft. respectively. And they are also heavily in demand. These two localities recorded an aggregate supply of over 9,600 units since 2013. “Even as India’s middle-class grapples with the prospect of an uncertain future in their careers and financial ability – the main drivers of housing demand – the rise of India’s super-rich continues unabated,” said Anuj Puri, chairman of ANAROCK Property Consultants. The next two super expensive areas are from Chennai and not Delhi as expected. Nungambakkan and Egmore are beyond the reach of most common people, as their per square feet prices are between ₹15000 to ₹20,000 . Anna Nagar also made it to the seventh position. Two of Delhi’s localities like Karol Bagh and Golf Course Road made it to the list however, and so did Kolkata’s Alipore area, along with Pune’s Koregaon Park. It is not surprising to see the growth in expensive homes as the rich increasing in number. According to a Credit Suisse report, there were an estimated 3.42 lakh Dollar-millionaires in India as on mid-2018 who collectively held around $6 trillion. It is forecast that 5.26 lakh Indian dollar millionaires’ wealth will be around $8.8 trillion by 2023. Market fluctuations make very little difference to the personal net worth of these individuals, indicating that they are not beaten by the slowdown like everyone else. See also: <a href="https://www.businessinsider.in/ashok-leyland-joins-the-club-of-no-production-days-as-its-august-sales-fall-by-50/articleshow/71047551.cms">Ashok Leyland joins the club of ‘No Production Days’ as its August sales fall by 50%</a> <a href="https://www.businessinsider.in/We-spoke-to-the-top-recruiters-in-the-booming-cannabis-business-Here-are-their-3-best-tips-for-landing-your-dream-job-in-the-industry-/articleshow/71001356.cms">Want a job? Baroda and Ahmedabad are hiring the most while Mumbai has stagnated</a>

Get ready to shell out ₹56,000 per square foot if you want to stay in Mumbai’s Tardeo area

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I-T officials raid Tamil Nadu chief secretary’s house in a money laundering case

BI India Bureau

Be It Intracity Or Inter-city, These 5 Expressways Make Travelling A Breeze

Sanghamitra Mandal

Get ready to shell out ₹56,000 per square foot if you want to stay in Mumbai’s Tardeo area

Preeti Soni

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