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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


Persons With Disabilities(Equal Opportunities,Protection of Rights and Full Participation) Act,1995

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CBI files case against Rotomac pens owner on alleged loan default of over 800 cr rupees

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The CBI has registered a case against Rotomac pen promoter Vikram Kothari and his family in connection with a case related to the alleged swindling of 3,695 crore rupees of bank loan.

The case against three directors of the company including Kothari and others was filed on a complaint received from Bank of Baroda.

It is alleged that Directors in criminal conspiracy with themselves and other unknown bank officials, cheated the bank to the tune of over 616 crore rupees.

The Agency said, the total outstanding amount of the members of consortium of seven banks including Bank of India, Bank of Baroda, Indian Overseas Bank and Allahabad Bank has come to 3695 crore rupees including unapplied interest by siphoning off bank loans disbursed to that company.

Searches were conducted at the residential and official premises of the accused at Kanpur and a residential apartment and office premises of the accused at Delhi has been sealed.

Kothari, his wife and son were questioned by the CBI in connection with the case.

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