Jammu and Kashmir: Sebi donates Rs 9.10 lakh for relief work

Mumbai: Sebi has made a contribution of Rs 9.10 lakh towards Prime Minister's National Relief Fund to help victims of floods in Jammu and Kashmir.

"As a way of contribution to the relief effort for the victims of flood affected areas in Jammu and Kashmir, staff members of Sebi have made a contribution of Rs 9,10,218 towards Prime Minister's National Relief Fund," the market regulator said in a statement.

Meanwhile, the Securities and Exchange Board of India (Sebi) has also informed its employees that all donations towards the Prime Minister's Relief Fund would be eligible for 100 per cent deduction from taxable income.

The recent flood in Jammu and Kashmir has severally affected the life and livelihood of lakhs of people in the flood affected areas.

The aftermath situation is very severe which requires enormous relief work, Sebi said in the release.