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₹1.5 lakh deduction under Section 80C is prominently advertised and straightforward, causing many to assume it’s the sole option available. The complexity of tax laws often complicates the process for many individuals. The intricacies of the Income Tax Act can be challenging to navigate, and understanding its various sections and deductions can be intimidating for some.

Mint analysis of the data released by the Election Commission of India showed. The Bharatiya Janata Party (BJP) led with over 40 repeat corporate donors demonstrating loyalty, followed by the All India Trinamool Congress (AITC) with 16. This analysis defines loyal donors as companies that donated more than once—and each time to the same party.

FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of dollars from customers, marking the final chapter in a case that has both captivated and overshadowed the crypto industry. 

A judge deciding how long former crypto mogul Sam Bankman-Fried will spend in prison has rejected arguments by his lawyer that leniency is warranted because customers will get back money they lost after the 2022 collapse of FTX

President Dr Mohamed Muizzu took office in November 2023. The announcement was made by the Maldives government, stating that the drinking water shipment has successfully reached the archipelago nation. This decision was a result of discussions during the official visit of China's Tibet Autonomous Region's Chairman, Yan Jinhai, to the Maldives, where he met with President Dr Mohamed Muizzu last November, as confirmed by the Ministry of Foreign Affairs.

Eligible donations: This section encompasses donations made to diverse charitable organizations and funds sanctioned by the Income Tax department. These may include: Deduction percentage: The deductible amount varies based on the type of institution and the donation's nature. It can range from 50% to 100% of the donated sum, subject to specific limits.

As government officials debate how to handle the influx of new arrivals, the Girl Scouts — whose Troop 6000 has served kids who live in the shelter system since 2017 — are quietly welcoming hundreds of the city’s youngest new residents with the support...

By Luc Cohen

Congress leader Priyanka Gandhi Vadra on Sunday hit out at the BJP over the electoral bond scheme, saying never in the history of the country did any government gave legal validity to corruption. In a post on X, Priyanka alleged that 38 corporate groups donated Rs 2,004 crore to BJP through electoral bonds. «In return, they got contracts/projects worth Rs 3.8 lakh crore from BJP's central and state governments. ED, CBI, and IT raided 41 corporate groups. To avoid this, these groups donated Rs 2,592 crore to BJP. 16 shell companies donated Rs 419 crore to BJP. These also include companies which donated several times their total capital,» Priyanka said.

PDP president Mehbooba Mufti on Sunday charged the lithium reserves in Jammu and Kashmir will be gifted to companies that will later donate a part of the "illicit proceeds" to the ruling party at the Centre. The former Jammu and Kashmir chief minister was reacting to a news report which said the government will again auction the lithium blocks in Jammu and Kashmir «Now J&Ks lithium reserves too are being plundered & gifted to dubious companies who will then donate a part of these illicit proceeds to the ruling party as 'party fund',» she charged in a post on X. The former chief minister also said that the «nexus between BJP and crony capitalists» explained why the Centre was not taking note of legitimate demands of Ladakhi people for inclusion under the Sixth Schedule of the Constitution.

₹2,471 crore to the BJP under the SBI electoral bonds scheme are facing probe by the CBI, ED and IT department. Moreover, most of the amount, nearly ₹1,698 crore was donated to the BJP after raids by these agencies, claimed civil society activists who challenged the poll funding scheme in the Supreme Court claimed on Friday.

Odisha Chief Minister Naveen Patnaik, has received Rs 944.5 crore through electoral bonds over the last six years from 2018-19 to 2023-24 (up to September). Data submitted by the BJD to the Election Commission, now available on the ECI website, reveals the breakdown of these donations. In the initial three years, the party received Rs 213.5 crore in 2018-19, Rs 50.5 crore in 2019-20, and Rs 67 crore in 2020-21. Subsequently, there was a significant increase, with the following three years contributing over Rs 613 crore. The highest amount was recorded in 2021-22, reaching Rs 291 crore, followed by Rs 170.50 crore in 2023-24 (up to September) and Rs 152 crore in 2022-23.

₹4.5 crore to the BJP. Atishi noted that no illegal money was recovered during ED's raid at Delhi's CM residence. “He (Sharat Chandra Reddy) gave electoral bonds worth ₹4.5 crore to BJP.

Read more The Tata Group will set up a semiconductor manufacturing plant in Assam's Jagiroad with an investment of ₹27,000 crore. The facility will put the northeastern state on the global map, renowned industrialist and philanthropist Ratan Tata said on March 20.

Mint analysis of the top 22 donors. These entities have donated more than ₹100 crore since 12 April 2019 through electoral bonds.

electoral bond data offers several insights, but there are at least five key takeaways on the current state of corporate funding of political parties. First, the electoral bond scheme has brought in new entrants into the corporate funding space with the emergence of Future Gaming, Megha Engineering, and Quik Supply Chain Pvt Ltd as top donors to major national and regional political parties. The corporate funding field — as seen largely from reports of electoral trusts submitted to the Election Commission — has so far been dominated by the likes of Bharti Airtel, DLF, Vedanta, ArcelorMittal, Torrent and real estate groups like Navayuga Constructions, besides occasionally the Tata group.

An expert reasons that it is to do with the draining of two major lakes on the city’s eastern side — Varthur and Bellandur — that have kept the city’s underground aquifers underfed. Bangalore and its surroundings are a rainwater-fed civilisation. The nearest river, the Cauvery, is about 100 kilometres away, and can only meet the city’s water needs partially.

Hundreds of students in Nigeria rushed to get food donated to their school by the government to help ease hardship, triggering a stampede that left two dead and 23 others injured

₹664 crore between April 2019 and January 2024. Electoral bond donors & beneficiaries: Revealing the links The second-biggest donor to BJP is Reliance-linked Qwik Supply Chain. As per the data available on EC's website, the Reliance-linked company donated ₹395 crore to the saffron party.

Mint in the week gone by. The Election Commission of India has released a new set of data based on political declarations on electoral bonds. Infosys co-founder NR Narayana Murthy has gifted his four-month-old grandson Ekagrah Rohan Murthy shares of the company worth ₹240 crore.