You are here: Home » Current Affairs » News » National
Covid-19: Serological survey to begin in Delhi on Saturday
Business Standard

Rajiv Gandhi Foundation got Rs 100 cr from Budget when Manmohan was FM

The Congress government while in power was doling out largesse to the Rajiv Gandhi Foundation (RGF) and Manmohan Singh as Finance Minister in 1991 allocated Rs 100 crore over 5 years.

Topics
Manmohan Singh | Congress | Bharatiya Janata Party

IANS  |  New Delhi 



Former Prime Minister Manmohan Singh
Former Prime Minister Manmohan Singh

The government while in power was doling out largesse to the Rajiv Gandhi Foundation (RGF) and as Finance Minister in 1991 allocated Rs 100 crore over 5 years.

The disclosures came to light as the RGF came under scrutiny following an expose that the Government of China and China Embassy were donors to the Foundation.

This is an instance of government patronage for RGF paid out of taxpayers money.

The Budget Speech of 1991-92 by Manmohan Singh, Minister of Finance presented on July 24, 1991 has the detail.

"The Rajiv Gandhi Foundation has been established to perpetuate the memory of the great leader and to promote the ideals and objectives for which he lived and laid down his life," Singh said.

"This Foundation, among other things, will lay particular emphasis on research and action programmes relating to the application of science and technology for development, propagation of literacy, the protection of the environment, the promotion of communal harmony and integration, the uplift of the under-privileged, women and handicapped persons, administrative reforms and India's role in the global economy," he added.

"As a homage to the late Shri Rajiv Gandhi and in support of the laudable objectives of the Foundation, Government has decided to contribute Rs 100 crore to the Foundation at the rate of Rs 20 crores per annum for a period of five years beginning from the current year," the then Finance Minister said in the Budget speech.

--IANS

san/in

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Fri, June 26 2020. 12:00 IST

RECOMMENDED FOR YOU

.