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  • Category: India

    Is PM CARES Fund a government fund?

    It is alleged that PM Narendra Modi has said that the PM CARES fund is not a government fund, and no one can raise RTI against the fund. Is it right? Is it a private fund, raised by a Prime Minister of our country. Is it a government fund? What will happen to the fund if some other party comes to power? Did people contribute for the PM of India to care India or for Modi to care for his party? Should there be no transparency in the utilization of the fund?

    Your views and comments, please.
  • #698352
    The PM CARES Fund is - Citizen Assistance for Relief and Emergency Situation Fund. This fund was started by Prime Minister of India to meet the Pandemic requirements. This fund has received crores of rupees from the public.

    Unlike the flood or cyclone or earthquake, the pandemic has not caused anything but fear in the minds of people. All who were infected have been admitted to government hospitals for treatment. Many survived and few died. There is no chance of getting any vaccine to get on payment to treat the patients.

    The Question is - In which way the CARES fund was spent? Who are the beneficiaries of this fund? Did our PM spend any money from this fund?

    Nothing was spent on migrant workers who suffered due to this pandemic. They did not even get a free journey to reach their home. No food was provided. Certain states have helped the migrants from CMs Relief Fund.

    What PM CARES Fund is doing? This is the point for discussion now? Should not the PM be transparent with his newly generated PM CARES Fund, with its income and Expenditure details? Should he not make it public?

    Is he planning to hold the fund without spending it for the pandemic, and spend it for future natural calamities?

    No life without Sun

  • #698464
    Why does no one care this thread? Like the PM CARES fund that is silent now, this thread also lying idle for the last 24 hours. It is not a secret fund, and no fund can be secret other than someone's private bank account.

    If PMs CARE fund has received 100 rupees, and the amount spent is Rs. 2 for some reason, it should say so and the balance Rs. 98 should be declared as Balance held in the fund. It is not expected from a corruption-free leader like Modi to hide the fund.

    No life without Sun

  • #698493
    The Prime Minister's National Relief Fund (PMNRF) was set up in 1948. The money coming into this fund are being used for national relief when there are calamities in the country. It was not audited by the Comptroller and Auditor General of India (CAG) so far, I read somewhere. In the same way, The Prime Minister's Citizen Assistance and Relief in Emergency Situations or PM CARES Fund also will not be audited by the Comptroller and Auditor General of India (CAG). There will be the trustees for this fund and they will appoint Independent Auditors to audit the fund. The independent auditors will audit the balance sheet and the trust has to give account for each and every paise and if there is any doubt, the government or the President of India can ask for audit by CAG.
    This money is to be spent on COVID 19 patients. Now each and every Sates also given some donations to CMs fund and who will be auditing this expenses is another question coming to my mind.
    Let us hope that the PM will not allow any misuse of the funds from this PM Cared fund and hope that that will be used for the welfare of the struggling people.

    drrao
    always confident

  • #698504
    PM Cares Fund is not a private fund as suggested by the author. It is the donation fund seeking contributions from the well versed to helping the needy. The contribution sought from small token amount to big amount and many have awesomely responded. These fund would be used for those who were affected by virus and the fund would be used for the next kith and kin to make survival. It is a good idea mooted by the Prime Minister Modi and ably supported by Industrialists , actors, sportsperson and even common man. Since the donations are also made secretly the RTI cannot be raised.
    K Mohan @ Moga
    'Idhuvum Kadandhu Pogum "
    Even this challenging situation would ease

  • #698511
    Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund(PM CARE Fund) as mentioned in the post was created to have financial assistance from individuals and organizations in the country and from abroad to tackle the coronavirus pandemic or dealing with other kinds of emergency, calamity or distress, either man-made or natural or distress situation in the country. The trust has Prime Minister(Narendra Modi) as its chairperson and ministers from departments of Defence minister(Rajnath Singh), Home minister(Amit Shah) and Finance minister (Nirmala Sitharaman) as its members. Apart from this, the chairperson has to appoint or nominate three more trustees as per the guidelines of the PM CARES Fund. The fund will get 100% exemption(80G benefits) under the Income Tax Act, 1961 and gets through as Corporate Social Responsibility (CSR) expenditure under the Companies Act, 2013.

    As per the latest updates, the total donation received so far crosses Rs 10,000 crore and its details can be feen on the website, pmcares.gov.in. As the PM Cares Fund is not falling under the status of public authority(under section 2 (h)) thus the RTI Act cannot be raised for the fund, cannot be audited by CAG as it is "a charitable organisation" and "based on donations from individuals and organisations" but by an independent auditor outside the government.

    There is no members from the opposition, no CAG audit, No RTI, How can the public be assured about the usage of the fund collect is properly done for the relief during emergency or distress situation? Now it is upto the trustee of the fund that can answer the question.

    “The most important thing in life is to learn how to give out love, and to let it come in." — Morrie Schwartz

  • #698512
    PM Cares is a public charitable trust formed for dealing with any emergency or distress. Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund is what acronymed as PMCARES Fund.

    The donations made to this fund is out of purview of RTI for one reason that it is a common fund where the money is donated by millions and in any denominations, which can be even ?10 to ?1,00,00,000 or other amount. Now to track earmark every single rupee as to where it is utilised will be another expensive activity. So the purpose of this fund is tio be utilised to the maximum benefit or assistance of general public rather than spending the money in administering the fund itself.

    Government does publish the expenditure statement of the funds received every year. The exact source can be found on simple Google search.

    Now, the donations made to this fund is 100% exempt from Income tax in form of deduction under section 80G. Not only this, now aa per recent amendment, donation made by companies will also be counted as CSR fund utilisation, hence companies with surplus will be able to meet their CSR compliance as per Companies Act.

    One of the reason for forming separate fund at such short notice was the opaque nature of existing PM Relief fund. The original PM Relief fund had the Congress President as one of the main trustee to manage the fund of PM Relief Fund. So the whole thing became highly controversial. Even the present Congress President Ms Sonia Gandhi had asked our PM Shri Narendra Modi to transfer the fund received in PM Cares to PM Relief Fund for better transperancy and management, which itself seems highly doubtful. A simple search in Google will this news published in many reputable newspapers.

    I do not trust any private trusts formed for charitable activities but even public fund are not safe. Still at some places one has to put his trust to test, that whatever is done is done in good faith and for the general benefit of all.

    Live before you leave.

  • #698555
    This fund is a public charitable trust under the name of 'Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)'. This fund has wider objectives to deal with any emergency situation like Covid-19. The fund is fed with only the voluntary contribution. Donors to the fund would get benefit under section 80G of IT act. Foreign nationals can also contribute to this fund.

    Prime Minister is the ex-officio Chairman of the Fund and Minister of Defence, Minister of Home Affairs and Minister of Finance, Government of India are ex-officio Trustees of this Fund. PM can also nominate three more trustees who are the eminent persons in the field of research, health, science, social work, law, public administration and philanthropy.

    If new PM comes he would automatically become the chairman of this fund and all other such entities in addition to heading of all the responsibilities of a PM post. People who have doubt in utilisation of this fund can go to supreme court and find out the truth with high level enquiry. Nowadays people are going there even for stopping Aadhaar card to link with our bank account and petty issues like that, so this one is not a big deal. Those who have not contributed to it are talking of transparency more.

    Knowledge is power.

  • #698558
    When asked about the income and expenditure of PM CARES fund, our PM could have replied politely that the account information would be made public once a year on a particular month or when he hands over his charge to the next Prime Minister. But his answer saying " It is not a public fund and it doesn't come under RTI act" is a rude and impolite response from the PM.
    No life without Sun


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