Prime Minister's National Relief Fund(PMNRF) and National Defence Fund(NDF)

All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961

The Central Bureau of Investigation has registered a case against the promoters and directors of three private companies including a Delhi based pharmaceutical company for defrauding Punjab and Sindh Bank and the consortium of four other banks to the tune of 621 crore rupees.

The case has been registered on the basis of a complaint from the Punjab and Sindh Bank. It is alleged that the accused persons did not utilise the loan for the purpose it was sanctioned.

The agency conducted searches at seven places including two each in Delhi, Patiala and Chandigarh and one in Panchkula at the offices and residences of the accused. Certain documents were recovered during the searches.

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