Coronavirus Pandemic: RBI employees contribute Rs 7.30 cr to PM-CARES Fund
The Reserve Bank of India (RBI) on Tuesday said its employees have decided to contribute a salary of one or more days totalling Rs 7.30 crore towards the PM-CARES Fund
Mumbai: The Reserve Bank of India (RBI) on Tuesday said its employees have decided to contribute a salary of one or more days totalling Rs 7.30 crore towards the PM-CARES Fund.
To help people affected by any kind of emergency or distress situation like the one posed by the COVID-19 pandemic, the government has set up a public charitable trust named Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) to receive contributions from various sources, the central bank said in a statement.
"Responding to the call to support this noble cause, the employees of the Reserve Bank have decided to contribute one or more days salary to the PM-CARES Fund," the RBI said.
The total contribution from the employees amounting to Rs 7.30 crore is being remitted to the PM-CARES Fund, it said.
The COVID-19 pandemic and the related dislocation in normal economic activity have severely affected economically weaker sections of the society and their means of livelihood.
The RBI's decision follows the death of a pregnant woman (27) in Jharkhand's Hazaribagh district who was allegedly crushed to death under the wheels of a tractor by recovery agents last week
Modi chaired a meeting of the Board of Trustees of the PM CARES Fund on Tuesday during which a presentation was made on the various initiatives undertaken with the help of PM CARES Fund..., a statement issued by the PMO said.
A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad also granted four weeks' time to the Centre to file its reply in the matter in terms of an earlier order passed by the court