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Government companies have contributed more in the donations made by listed companies to the PM Cares Fund. An analysis of data by primeinfobase.com, a firm that monitors companies listed on the National Stock Exchange (NSE), shows that government companies gave around Rs 2,913.6 crore to PM Cares.
Business Standard identified 57 companies in which the government has a majority stake. Government companies contributed 59.3% of the total donation amount of Rs 4,910.5 crore (government and private companies).
Out of these 57 companies, the top 5 companies are ONGC (Rs 370 crore), NTPC (Rs 330 crore), PowerGrid Corporation of India (Rs 275 crore), Indian Oil Corporation (Rs 265 crore) and Power Finance Corporation (Rs 222.4 crore).
This fund was created in March 2020 due to the Corona Pandemic, which has been in controversy since the beginning. On March 28, Prime Minister Narendra Modi announced the PM Cares Fund, so that people can donate voluntarily to fight Corona. But, three days later, on April 1 itself, an RTI was filed, in which all the information related to this fund was sought.
It is necessary to reply within 30 days after the RTI is filed. But here too it was delayed. Responding to this on May 29, the PMO said that ‘PM Cares Fund is not a public authority, hence its information cannot be given’. On the other hand, Rahul Gandhi has even demanded to get it audited.
Explain that the chairman of the PM Care Fund is the Prime Minister, while its trust includes the Defense Minister, the Home Minister and the Finance Minister. According to a report presented by the Central Government in the Delhi High Court in January 2023, the Government of India does not have control over this fund. This trust does not get money from the government.
The PM Cares Fund also receives donations from individuals and other organizations. A total of Rs 3,076.6 crore was received in the year 2019-20. In the year 2020-21, this amount had increased to Rs 10,990.2 crore.
Also read other news related to PM Care Fund…
PM Cares Fund is not government, Center’s affidavit in Delhi HC – Independent Public Charitable Trust does not come under the purview of the Constitution
The Center told the Delhi High Court on 31 January 2023 that the PM Cares Fund has not been created under the Constitution of India, Parliament or any state law. Therefore it cannot be called a public authority. Also said that Independent Public Charitable Trusts do not come under the purview of the Constitution of India. Read full news…
