Allow companies to use CSR funds to help Punjab government combat covid-19 crisis
Capt Amarinder Singh asks PM Narendra Modi
cityairnews
Apr 2, 2020 12:43
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Chandigarh: Chief Minister Captain Amarinder Singh has urged Prime Minister Narendra Modi to allow companies in Punjab to use their Corporate Social Responsibility (CSR) contribution to assist the state Government in its efforts against COVID-19.
In a letter to the Prime Minister, Captain Amarinder on Wednesday asked him to direct the Ministry of Corporate Affairs to include CM Relief Fund in the list of CSR activities in the Companies Act-2013 in national interest.
This step would immensely help the state Government to meet the challenge of COVID-19 pandemic more effectively, besides providing medical and other assistance to the poor and needy residents as well as migrant labour, in the wake of the nationwide lockdown, he wrote.
Captain Amarinder requested the Prime Minister for an early decision in this regard, given the magnitude of the calamity, coupled with the resultant humanitarian crisis.
The Chief Minister said in his letter that companies in Punjab were seeking permission, in these trying circumstances, to use their CSR contribution to assist the State Government in its endeavour to contain COVID-19. This was essential as the country was already grappling with a huge and unprecedented disaster, he added.
It may be noted that Captain had earlier, on June 7, 2018, sought inclusion of the CM Relief Fund in the list of activities permitted in Schedule VII of the Companies Act, 2013. However, the Union Finance and Corporate Affairs Minister had, on August 9, 2018, responded that there was no justification for such inclusion.
According to an official spokesperson, the Chief Minister felt the current situation was, however, totally unprecedented and required unprecedented measures to tackle it. /(April 1)
