HomeCURRENT AFFAIRSBUSINESSRatan Tata Nominated As Trustee for PM-Cares Fund

Ratan Tata Nominated As Trustee for PM-Cares Fund

Ratan Tata, the veteran Indian industrialist and chairman of Tata Sons, has been entrusted with a big responsibility. According to the report, he has been appointed as the new trustee of PM Cares Fund. Along with Ratan Tata, former Supreme Court Justice KT Thomas and former Deputy Speaker of Lok Sabha Kariya Munda have been made trustees of PM Cares Fund.

According to the report, some other big personalities of the country have been nominated in the advisory group of PM Care Fund. Former CAG Rajiv Mehrishi, former Infosys Foundation chairperson Sudha Murthy, Indicorps and Piramal Foundation’s former CEO Anand Shah have been nominated to the advisory board, it said.

Earlier on Tuesday, a meeting of the Board of Trustees was held under the chairmanship of Prime Minister Narendra Modi. Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman were present in this meeting. Along with this the newly elected members also participated in this meeting. Prime Minister Modi welcomed the new trustees. The PM Care Fund was created in 2020 as an emergency relief during the Corona epidemic. The chairman of this fund is Prime Minister Narendra Modi.

Looking at the personality of Ratan Tata, he is not only a businessman, but also a simple, noble and generous person, an ideal and a source of inspiration for people. He considers even the smallest employee associated with his Tata Group as his family and leaves no stone unturned to take care of them. Apart from this, he is also known for donating a large part of the earnings.

The trust registration of the Prime Minister’s Citizen Assistance and Emergency Situations Relief Fund (PM CARES Fund) was done on March 27, 2020 in New Delhi under the Registration Act 1908. Donations or donations made in this fund are completely tax free. According to the Prime Minister’s Office (PMO), PM Modi said that with the participation of new trustees and advisors, the working of this fund will get a comprehensive view. He said that his vast experience in public life would give more impetus in making this fund more responsive to various public needs.

It is worth mentioning that while giving information in a statement issued by the audit recently, it was told that the Prime Minister’s Citizen Assistance and Relief Fund, created to deal with emergencies like Covid-19 epidemic, increased almost three times in the financial year 2020-21. And this amount became Rs 10,990 crore, while from this fund. The amount of expenditure increased to Rs 3,976 crore.This also included an amount of over Rs 1,000 crore for migrant welfare and over Rs 1,392 crore for the purchase of Covid vaccines.

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