Donation for corona relief fund should also be eligible as CSR: Congress. Congress pioneer Anand Sharma on Monday said that the legislature has concluded that donations to the PM-CARES Fund by industry would likewise be considered Corporate Social Responsibility (CSR) use. And the arrangement ought to be stretched out to the help reserve of boss pastors also.
Tending to a public interview here through video-conferencing, Sharma said that the Center ought not “separate” with the States. He said the commitments for PM-CARES Fund ought to go into the National Relief Fund, which has been in presence since 1948. Sharma said that there is a CAG review of the National Relief Fund and the report is introduced to Parliament.
He said it has been concluded that gifts to the PM-CARES Fund will likewise meet all requirements to be considered Corporate Social Responsibility (CSR) use under the Companies Act, 2013.
“This is not just as there is relief fund of Chief Ministers and CSR fund should be accepted there also,” he said. “Otherwise it would be unfair to the Chief Ministers and the States. It would be discriminatory. It should be left to the industries in the states to make their contribution to the Prime Minister’s Relief Fund or the PM Fund or the Chief Minister’s fund,” he added.
Sharma said there was a need to work with coordination with the State governments at each progression in the fight against corona virus. Looking for help measures for MSMEs and some different segments and parts, Sharma said the administration should not to be worried about monetary shortage and swelling contemplations ought to be “put in suppression for one year.”
“These are extraordinary times. It is an extraordinary challenge, which requires extraordinary response from the government. That is why the package has to be expanded to ensure that Indian economy does not collapse,” he said.