New Delhi (NVI): In view of the spread of coronavirus, the Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI) and Institute of Cost Accountants, under the Ministry of Corporate Affairs (ICMAI), have come forward to donate an amount of Rs 28.80 crore towards PM-CARES Fund for providing assistance to those in need.
The Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) was created on March 28 in respect to the COVID-19 pandemic in the country.
It has been set up with the primary objective of dealing with any kind of emergency or distress situation as posed by the COVID-19 pandemic, and to provide relief to the affected people.
However, the minimum amount one can donate towards PM Cares Fund is Rs.10 and the donations will be exempted from tax and fall under Corporate Social Responsibility.
So far, total number of COVID-19 cases in India stand up to 6,412 and 199 people have died from the pandemic across the country.
