Ratan Tata Joins PM-CARES fund as Trustee!!!
The Prime Minister's office said in a statement that veteran industrialist Ratan Tata, former supreme court Justice KT Thomas and former Deputy Speaker of lok sabha Kariya Munda have been named as trustees of PM CARES Fund. Yesterday, prime minister Narendra Modi chaired the meeting of the Board of Trustees of PM CARES Fund, which was attended by Union home minister amit shah and Union Finance minister Nirmala Sitharaman. Both Shah and Sitharaman are trustees of the PM Cares Fund.
These people were included in the advisory board
During the meeting, Ratan Tata, former sc judge Justice KT Thomas, and former deputy speaker Kariya Munda were appointed as the newly nominated trustees of the PM CARES Fund. According to the PMO, the Trust further decided to nominate other eminent persons to constitute an advisory board to the PM Cares Fund. These eminent personalities include Rajiv Mehrishi, former Comptroller and Auditor General of india, sudha Murthy, former chairman of Infosys Foundation, and anand Shah, and former CEO of Indicorps and Piramal Foundation.
Income tax exemption
PM Cares Fund was created during the Covid-19 epidemic. The primary objective of the fund is to deal with any kind of emergency or crisis situation, such as arising out of a pandemic, and to provide relief to the affected persons. Donations to PM Cares Fund get benefit under 80G for 100% exemption under Income Tax Act. According to Centre's data, a total of Rs 7,031.99 crore was collected under PM Cares Fund between 2020-21. The prime minister is the ex-officio chairman of the PM CARES Fund and the Defense minister, home minister and Finance minister are the ex-officio trustees of the government of india Fund.
