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MUMBAI: At a time when stressed loans of commercial banks have crossed Rs 8.2 lakh crore, Canada's Brookfield Asset Management has committed Rs 7,000 crore to buy bad loans in India through a joint venture with SBI.
A statement issued by SBI on Wednesday said that the country's largest bank has committed up to 5% of total investments into stressed assets. "The JV will independently eval[..]
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Look beyond Section 80C: Have you missed out on any of these tax breaks?
Most of us are aware of the concept of deductions from gross total income available to a taxpayer. One can claim deductions from one's gross total income by investing in avenues specified by the government. These deductions are available under different sections of the Income Tax Act, 1961. The most popular deduction is unde[..]
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Reactive dyeing is now the most important method for the coloration of cellulosic fibres. Reactive dyes can also be applied on wool and nylon; in the latter case they are applied under weakly acidic conditions.In a reactive dye a chromophore contains.
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