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LATEST NEWS UPDATES | From RBI & govt banks to LIC, Rs 205 crore to PM Cares from salaries -Shyamlal Yadav

From RBI & govt banks to LIC, Rs 205 crore to PM Cares from salaries -Shyamlal Yadav

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published Published on Sep 28, 2020   modified Modified on Sep 28, 2020

-The Indian Express

The Prime Minister’s Office, which manages the fund, has declined to furnish details of contributions received, saying that PM CARES is “not a public authority under the...RTI Act”.

IT’S NOT just a wide range of central educational institutions, at least seven public sector banks, seven other leading financial institutions and insurers, and the RBI, have together contributed Rs 204.75 crore from their staff salaries to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) fund, RTI records accessed by The Indian Express show.

Of these, records show, Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC) and National Housing Bank also contributed over Rs 144.5 crore separately from their Corporate Social Responsibility (CSR) allocation and other provisions.

This takes the total contribution from the 15 government banks and institutions that responded to RTI queries from The Indian Express to Rs 349.25 crore.

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The Indian Express, 28 September, 2020, https://indianexpress.com/article/india/from-rbi-govt-banks-to-lic-rs-205-crore-to-pm-cares-from-salaries-6618506/


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