There has been a lot of discussion on #pmcares .Some say it is a replica of #PMNRF and others are questioning its transparency and use.
Some Facts:
1. #PMNRF was introduced to bring back people displaced from Pakistan and contribute a small portion towards medical treatment. #pmcaresfund is just about #covid19.
2. Relief funds set up state government don't fall under CSR Donations - #companiesact Act,2013. Ironical when the party which placed it now questions it knowing that it will need an amendment to change it.
3.Contribution of funds to #SDMA will be taken as #CSR Expenditure. Why are some states complaining and politicising it rather than asking the corporates to contribute under it and avail #CSR Benefits under prevailing law??
4. States get 41% share of the revenue under 15th Finance Commission so it's time they chip in because the way I see, #pmcares is doing what it is supposed to.
5. #pmcares will be audited by independent auditors. https://economictimes.indiatimes.com/news/politics-and-nation/pm-cares-to-be-audited-by-independent-auditors/articleshow/75112792.cms
Isn't it high time we forget the #religion and #party based bias and unite as a nation. Or does it require more #covid19 deaths for us to finally stop politicising everything?
@Satwik the Contingency fund of India is used at a time when there is a crisis in the nation — a natural calamity, for instance — and money is required to deal with it. The Union government has its own contingency fund with a corpus of Rs 500 crore. The amount withdrawn at times of distress and crisis. You take the money for it from consolidated fund for it and then drop back later.