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of <h1>Central Government Approves Increased Funding for Jindal Rural College Expansion under Section 35AC of Income-tax Act</h1> The Central Government has amended Notification No. S.O. 121(E) dated January 12, 2009, regarding the expansion of Jindal Pre University College to Jindal Rural College by Pragun Jindal Educational Organisation in Bangalore. Initially recognized as an eligible project under section 35AC of the Income-tax Act, 1961, the project has been approved for an increased cost from Rs. 14 crore to Rs. 29 crore. This includes Rs. 11 crore for non-recurring expenses, Rs. 8 crore for recurring expenses, and Rs. 10 crore as a corpus fund. The National Committee for Promotion of Social and Economic Welfare recommended this enhancement.
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