VK Sasikala, who is expected to take over as the new Tamil Nadu Chief Minister, might take oath of Wednesday, sources said, after it was delayed due to Governor being unable to find time for the ceremony. Sources said the BJP is also unhappy with the developments in Tamil Nadu and is not in favour of Ms Sasikala's elevation; An earthquake of 5.8 magnitude struck Uttarakhand on Monday night. Strong tremors were felt in national capital Delhi and neighbouring Gurgaon, Punjab and other parts of north India; Tax raids based on unsubstantiated rumours or simply suspicion will be legit after the government's tweaks to the Income Tax law. But the changes will be effective retrospectively in an apparent turnaround by the government despite its promise not to do so; The Supreme Court today ordered attachment of the Sahara group's flagship Aamby Valley project worth Rs. 39,000 crore, near Lonavala, Maharashtra. However, the Supreme Court extended the parole of Sahara chief Subrata Roy after the group deposited Rs. 600 crore with Sebi, the capital markets regulator; all this and more in our news wrap of the day.
