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The PM CARES Fund was initially announced as a public body, on its establishment, and the day after it was established, the Ministry of Corporate Affairs announced that donations to the fund would be eligible as corporate social responsibility (CSR) contributions, allowing companies to claim tax exemptions on donations to the Fund. [27]
Modi launched the "PM CARES" fund to provide relief to those affected by the coronavirus that has infected more than 5,000 people in India, and killed 149. The fund is expected to help millions of ...
Chairman of the fund is the Prime Minister and he is assisted by joint secretary. The whole of the fund is deposited with scheduled commercial banks and the beneficiaries are identified directly by the Prime Minister from among the beneficiaries. [3] [4] The control of the PMNRF has been with the Prime Ministers Office (PMO) since 1985.
The Government of India had initially claimed that the fund is a private fund, and denied that the PM CARES Fund is a public fund for the purposes of transparency laws such as the Right to Information Act 2005, even though the Fund uses government infrastructure and the national emblem of the Government of India. The total amount of funds ...
The US government on Sunday urged insurance companies to make advanced payments to health care providers following a cyberattack that disrupted insurance processing systems, reports my colleague ...
According to the Federal Reserve Bank of New York, American households currently hold around $17.8 trillion in debt. That’s an all-time high and a nearly 10 percent increase from 2023.
Many food based non-profits created food distribution programs to help alleviate the strain on local food banks as unemployment rose due to the pandemic. Non-profits such as Feeding America, World Central Kitchen, and Half-Table Man Disaster Relief worked to either distribute food directly to individuals or to the food banks. [23]
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