14 April, 2020
7 Min Read
COVID-19 and Corporate Social Responsibility (CSR)
Part of: GS-III- Economy (PT-MAINS-PERSONALITY TEST)
The Ministry of Commerce and Industry has clarified that the contributions to the Chief Minister’s Relief Fund or the State relief fund will not qualify as Corporate Social Responsibility (CSR) expenditure, while any donation to the PM CARES Fund will.
Corporate Social Responsibility
PM CARE FUND: The Fund is a public charitable trust with the Prime Minister as its Chairman. Other Members include Defence Minister, Home Minister and Finance Minister. The Fund enables micro-donations as a result of which a large number of people will be able to contribute with the smallest of denominations. The Fund will strengthen disaster management capacities and encourage research on protecting citizens.
Copyright© Aspire IAS Academy. All rights reserved. Powered by CLT Technologies & Edu-Publishers Private Limited.