Reshmi Rea Sinha

The Donations made in cash or otherwise are to be shown for claiming deduction u/s 80G. Donations in cash above Rs 2,000 are not allowed.

The circular, if implemented, would have taken many big companies like Essar Power, GMR Energy, KSK Energy and Rattan India Power to insolvency.

A conglomerate of Tata Group, an associate of Singapore’s sovereign wealth fund GIC and Hong Kong-based SSG Capital Management will be investing Rs 8,000 crore for buying stakes in GMR Airports that runs India’s biggest airport, Indira Gandhi International Airport's Terminal 3 besides a few other airports

The State Bank of India has initiated the linking of savings rate and short term loan interest rate to repo rate From May 1, 2019. This particular move will undoubtedly pave the way for better transmission of rates to borrowers in the long run for all kinds of loans.  

Larson and Toubro has bought a nearly 21% stake in Mindtree and has made an open offer to get a majority holding. Mindtree’s founders have termed this a hostile takeover approach and have vowed to fight it for as long as it takes.

The PMMY scheme provides loans to the non-corporate, non-farm small and/or micro-enterprises. These loans are given by commercial banks, RRBs i.e. regional rural banks, small finance banks, cooperative banks, MFIs i.e. microfinance institutions and NBFCs. Read on to know whether you qualify and on what terms.