PM-CARES Got Rs. 3,076 Crore In 5 Days; P Chidambaram Says Name Donors

Wednesday, 2 September 2020Newsdesk

The PM-CARES fund for Covid received 3,076 crore in five days, according to an audit statement made public by the government. The statement, for the financial year 2020, only records donations between March 27 (when the fund was set up) and March 31. Of this Rs. 3,076 crore, Rs. 3,075.85 crore came from domestic voluntary contribution and Rs. 39.67 lakh was foreign contribution. The statement says PM-CARES had an initial corpus of Rs. 2.25 lakh and the fund has also received an interest of around Rs. 35 lakh.

New Delhi, 02 September 2020

As per news report of NDTV, the audit statement has been uploaded on the PM-CARES fund website but the "accompanying notes 1 to 6" in the statement have not been made public. Which means, details of the domestic and foreign contributors or donors have also not been disclosed by the government. Former Finance Minister Chidambaram questioned in tweets why the names of "these generous donors" were not revealed. "Why? Every other NGO or Trust is obliged to reveal the names of donors contributing more than a threshold amount. Why is the PM CARES FUND exempt from this obligation," he asked.

Source -NDTV