Sunday, 16 January, 2022
TopicRelief fund

Topic: relief fund

Finance ministry paves way for individual contributions to NDRF, 15 years after Act was passed

Amid row over PM-CARES, the finance ministry has issued a memorandum outlining the procedure by which a person or institution can contribute to the NDRF.

Karnataka govt declares 3rd relief package worth Rs 512 cr for maize farmers & ASHA workers

Chief Minister B S Yediyurappa had earlier announced financial packages of Rs 1,610 crore and Rs 162 crore, for those in distress because of Covid-19 induced lockdown.

Govt safety net for poor ‘has little for now’ — Express, Mint adds, liquidity & ‘no freebies’

A round-up of the most important reports in major newspapers around the country – from TOI and HT, Express and The Hindu to The Telegraph, Mumbai Mirror and The Tribune, as well as top financial dailies.

India spends 1% GDP on Covid relief, can do more: IMF chief economist Gita Gopinath

Speaking at the digital Off The Cuff, Gita Gopinath also said there was a lot of uncertainty around DGP forecasts, which are being revised based on ground realities. Read the full text here.

Modi govt unlikely to classify donations to CM fund as CSR despite demand from states

Modi govt feels states should have no problem in mobilising CSR funding since donations to states’ disaster management authorities for Covid-19 qualify as CSR.

Modi govt employees irked by pressure to donate to PM CARES Fund to fight Covid-19

The revenue dept under finance ministry has gone a step ahead, appealing to officials to donate a day’s salary every month until March 2021. This has added to the resentment.

Donations to PM CARES allowed under CSR, but not to states or CMs: Corporate ministry 

A set of FAQs released by the ministry clarified that contributions to the PM CARES fund and ex-gratia payment to casual workers come under CSR spending.

Centre approves Covid-19 emergency package for states & UTs, funds to be released in phases

The Health Ministry said the package will be implemented in three phases over the next four years, with funds for the first phase already released.

PM CARES gets Rs 6,500 crore donation in a week, 3 times more than what PMNRF got in 2 yrs 

Besides dealing with public health emergencies like Covid-19, PM CARES will also be used to fund research, ramp up healthcare and pharma facilities.

Modi govt needs to open the JAM for public contributions. PM Care alone can’t deliver

With the Jan Dhan, Aadhaar, Mobile trinity, not just the Indian government can deliver coronavirus-related relief efficiently, but even citizens can help others.

On Camera

YourTurn

RBI proposes changes to valuation of bank investments, relaxing of investment class rules

A Reserve Bank of India discussion paper Friday suggested removing caps on the Held-To-Maturity class of securities, and allowing more types of instruments to be held within them.

Defence

A visual from the crash site in Tamil Nadu. | Photo: Twitter/ANI

CDS chopper crash was caused by weather change, leading to Controlled Flight Into Terrain: IAF

In Friday statement, IAF says tri-service Court of Inquiry ruled out mechanical failure, sabotage or negligence as cause of accident involving Mi-17 V5 helicopter last month.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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