Contributions to PM relief fund will help cos meet CSR obligations, says govt official
Corporates have spent Rs 52,000 crore towards social welfare activities in the last five financial years and now making contributions to the Prime Minister’s relief fund will further help them meet their obligations under the companies law, according to a senior government official. As the country fights the outbreak of coronavirus, which has so far infected nearly 1,000 people, the government has initiated a slew of measures to deal with the situation. The corporate affairs ministry has said contributions to the PM-CARES Fund would qualify as Corporate Social Responsibility (CSR)…
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