Gowda asks fertiliser cos to donate from CSR funds to fight coronavirus

Image
Press Trust of India New Delhi
Last Updated : Mar 30 2020 | 5:12 PM IST

Chemicals and Fertilisers Minister Sadananda Gowda has asked all state-owned fertiliser companies to donate part of their CSR funds to the Prime Minister's relief fund to help fight COVID-19.

The government has set up the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) which would be utilised to deal with any emergency or distressed situation such as the coronavirus outbreak.

"In view to fight #Covid19 pandemic and to mitigate the impact of the outbreak, I have appealed to all the profit-making companies under my Ministry to donate part of their #CSR funds to PM CARES," Gowda tweeted.

In a letter to all the chairman and managing directors of fertiliser PSUs, the minister said, "Looking at the potential scale of the spread of novel coronavirus (COVID-19) and its impact on health and well being of our citizens, I urge upon you to contribute maximum possible amount of your CSR budget in the above mentioned fund so as to contribute in the nation's effort at this critical juncture. "

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: Mar 30 2020 | 5:12 PM IST

Next Story