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Companies offer to help fight Covid-19 will be treated as CSR activity

Schedule VII includes funds such as the Prime Minister's National Relief Fund and Swachh Bharat Kos

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3 min read Last Updated : Mar 23 2020 | 10:31 PM IST

The Centre on Monday declared contributions by companies towards fighting the Covid-19 pandemic as a corporate social responsibility (CSR) activity.

“In view of the spread of novel #coronavirus in India, its declaration as pandemic by the WHO, and decision of the government of India to treat this as notified disaster, is hereby clarified that spending of CSR funds for Covid-19 is eligible CSR activity,” Finance Minister Nirmala Sitharaman’s office tweeted.

Companies will be able to spend CSR funds through items listed under schedule VII related to promotion health care, preventive health care, sanitation, and disaster management. “...Items in schedule VII are broad

Topics : Coronavirus Corporate social responsibility India Inc

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