Wednesday, 24 June 2020

Do really our PM CARES??

23 June 2020

//Prime Minister’s Office (PMO) had announced last month that the Trust has decided to allocate Rs 3,100 core for the fight against Covid-19. Out of the Rs 3100 crore for which allocation was made, a sum of approximately Rs 2,000 crore was earmarked for the purchase of ventilators, Rs 1,000 crores will be used for care of migrant labourers and Rs 100 crores will be given to support vaccine development.//

https://swarajyamag.com/insta/covid-19-50000-made-in-india-ventilators-under-pm-cares-fund-14000-to-be-delivered-to-states-by-june-end

//10 May 2020
It is not clear whether the fund comes under the ambit of the RTI Act or oversight by the Comptroller and Auditor General of India, although independent auditors will audit the fund.

The decision to allow uncapped corporate donations to the fund to count as CSR expenditure — a facility not provided to PMNRF or the CM’s Relief Funds — goes against previous guidelines stating that CSR should not be used to fund government schemes. A government panel had previously advised against allowing CSR contributions to the PMNRF on the grounds that the double benefit of tax exemption would be a “regressive incentive”.//

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