Bill to extend reservation in LS introduced

Another bill, seeking to give 100 per cent tax deduction from the total income of an assessee in respect of the contribution made as an effort to encourage contribution to the National Defence Fund, was introduced by Finance minister Yashwant Sinha.

The benefit would accrue to the contributor for the financial year 1999-2000 and thereafter.

Sinha also introduced a bill to raise the corpus of the Contingency Fund to Rs 550 crore till March 31 from the existing Rs 50 crore.