-PTI/ The Hindu In July, the court had asked the Centre to file a ‘detailed and exhaustive’ reply on the petition by Samyak Gangwal seeking to declare the PM CARES Fund a ‘State’ The Delhi High Court on September 16 listed for hearing on January 31 pleas concerning the legal status of the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) under the Constitution and the Right...
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One-third of Rs.10,990 crore in PM CARES fund spent: ‘20-’21 audit -Priscilla Jebaraj
-The Hindu ₹3,976 crore spent during 2020-21; ₹100 cr promised for vaccine development not allotted The PM CARES Fund collected ₹10,990 crore since its inception in March 2020 until March 2021. It spent ₹3,976 crore during the 2020-21 financial year, according to the audited financial statement posted on its website. As on March 31, 2021, the Fund had an unspent balance of ₹7,044 crore. The Fund was set up to deal with “any...
More »A fund without a care for the RTI -M Sridhar Acharyulu
-The Hindu The Government’s claim that the PM CARES Fund is not a public authority is unacceptable It may not be an exaggeration to say that when it comes to seeking answers and information under the Right to Information (RTI) Act, the Prime Minister’s Office (PMO) is consistent in putting up a screen. The manner in which the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund was set...
More »In spite of RBI’s warning, Centre invested Rs 250 crore in Yes Bank in 2019-20
-Scroll.in The RBI had first flagged serious lapses in the bank’s governance in 2018. The Centre invested Rs 250 crore with private lender Yes Bank in the financial year 2019-’20 even though the Reserve Bank of India had deemed the bank as risky in 2018, shows the financial statement of the Prime Minister’s National Relief Fund. The investment in Yes Bank Fixed Deposit Receipts was made even as Finance Minister Nirmala Sitharaman last...
More »Official data corroborates deepening of livelihood crisis in urban areas during the 2020 nationwide lockdown
The recently released quarterly Periodic Labour Force Survey (PLFS) data broadly confirms the dip in employment and jobs during the countrywide lockdown period, followed by a certain degree of recovery in the post-lockdown months last year as have been indicated by various survey-based studies and research papers. The quarterly bulletin on PLFS provides data on key employment and unemployment indicators i.e. Unemployment Rate (UR), Worker Population Ratio (WPR) and Labour...
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