 "Coronavirus Pandemic: RBI employees contribute Rs 7.30 cr to 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.
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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.
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