Institute of Chartered Accountants of India, Institute of Company Secretaries of India and Institute of Cost Accountants of India contribute Rs 28.80 crore towards PM CARES Fund to combat COVID-19 outbreak

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The Institute of Chartered Accountants of India, Institute of Company Secretaries of India and Institute of Cost Accountants of India, the three Professional Institutes under the Ministry of Corporate Affairs, have come forward to donate an amount of Rs 28.80 crore to PM-CARES Fund for providing assistance to those impacted by the COVID-19 pandemic.

The Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) was created on 28th March 2020 following the COVID-19 pandemic in India. This dedicated national fund has been set up with the primary objective of dealing with any kind of emergency or distress situation as posed by the COVID-19 pandemic, and to provide relief to the affected people.

 

The details of donations are as below: –

(Rs. in crore)

S.No. ORGANIZATION CONTRIBUTION FROM INSTITUTE MEMBERS/STAFF  CONTRIBUTION  TOTAL
1 The Institute of Chartered Accountants of India 15.00 6.00  21.00
2 Institute of Company Secretaries of India 5.00 0.25    5.25
3 Institute of Cost Accountants of India 2.50 0.05    2.55
Total   22.50 6.30 28.80