From UPSC perspective, the following things are important :
Prelims level : PM-CARES Fund
Mains level : Not Much
Our PM has called for donations to the newly instituted PM-CARES Fund which has been formed on popular demand to help fight the novel coronavirus.
- The fund will be a public charitable trust under the name of ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund’.
- The PM is Chairman of this trust and members include the Defence Minister, Home Minister and Finance Minister.
- Contributions to the fund will qualify as corporate social responsibility (CSR) spending that companies are mandated to make.
- The Fund accepts micro-donations as well.