Corporates dole out funds for flood relief

CHENNAI: As Chennai recovers from the crisis, corporates across industries have come forward to help rehabilitate the city. On Monday, CM J Jayalalithaa opened the fund raising window by announcing that contributions can be made to CM's Public Relief Fund (CMPRF), with such contributions being entitled to 100% income tax exemption.
India Cements and auto major Hyundai, Karur Vysya Bank, and Ram,co group have contributed Rs 2 crore each to the CM’s relief fund.Hyundai earlier gave away food and relief materials to the government’s relief camps. “The CSR arm of the company – Hyundai Motor India Foundation -- has been conducting relief activities in Sriperumbudur area and Chennai to help affected families. Sanitation and health camps are also on the anvil,” a note from the company said.
Venu Srinivasan controlled TVS Motor donated Rs 5 crore and controlled by his wife, Mallika Srinivasan, tractor maker TAFE cut a cheque for Rs 3 crore in favour of CM fund. Jeweler Joyallukas said it has contributed Rs 3 crore while SBI donated Rs 1 crore.