The Prime Minister’s Citizen Assistance and Relief in Emergency Situations, or PM CARES Fund, has received Rs 204.75 crore from the salaries of employees in 15 government banks and institutions, including the Reserve Bank of India, The Indian Express reported on Monday, citing records accessed under the Right to Information Act.
As of March 31, the fund that was set up to tackle the coronavirus crisis had a corpus of Rs 3,076.62 crore, of which Rs 3,075.85 crore was listed as “voluntary contributions” in its official website.
Besides the contributions from employees’ salaries, Life Insurance Corporation of India, General Insurance Corporation of India and National Housing Bank also contributed more than Rs 144.5 crore from other provisions such as their Corporate Social Responsibility funds, the newspaper found from accessing RTI records from the 15 institutions that…
