Allow CSR funds to combat Covid-19 in Punjab, Amarinder urges PM

Image
ANI General News
Last Updated : Apr 01 2020 | 8:30 PM IST

Punjab Chief Minister Amarinder Singh on Wednesday urged Prime Minister Narendra Modi to allow companies in Punjab to use their Corporate Social Responsibility (CSR) funds to assist the state government in its fight against COVID-19.

In a letter to the Prime Minister, the Punjab Chief Minister urged him to direct the Ministry of Corporate Affairs to include CM Relief Fund in the list of CSR activities in the Companies Act-2013 in national interest, according to a release from Chief Minister's Office, Punjab.

"This step would immensely help the state Government to meet the challenge of COVID-19 pandemic more effectively, besides providing medical and other assistance to the poor and needy residents as well as migrant labour, in the wake of the nationwide lockdown," Singh stated in the letter.

He requested the Prime Minister for an early decision in this regard, given the "magnitude of the calamity, coupled with the resultant humanitarian crisis".

"Companies in Punjab were seeking permission, in these trying circumstances, to use their CSR contribution to assist the State Government in its endeavour to contain COVID-19. This was essential as the country was already grappling with a huge and unprecedented disaster," Singh said.

"It may be noted that Captain had earlier, on June 7, 2018, sought inclusion of the CM Relief Fund in the list of activities permitted in Schedule VII of the Companies Act, 2013. However, the Union Finance and Corporate Affairs Minister had, on August 9, 2018, responded that there was no justification for such inclusion," read the release.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 01 2020 | 8:17 PM IST

Next Story