"The PM-CARES fund was registered on March 27, 2020, under the 1908 Act. An independent auditor was appointed. Nobody is forced to donate to this fund. The members of the trust are all ex officio members such as Prime Minister, Minister of Defence, Minister of Home Affairs and Minister of Finance," Thakur said.
"The first Prime Minister of India Jawaharlal Nehru constituted PMNRF in 1948. PMNRF is still not registered. The members of the trust were Prime Minister, Deputy Prime Minister and the President of Indian National Congress and a nominee of Tata Trust," Thakur added.
He said PM-CARES Fund is a public charitable trust so it was suggested that CAG audit is not required.
"Those who are demanding CAG audit for this trust, are they ready for the audit of all the trusts being managed by one family?" he asked.
Thakur said questions were raised by opposition members on PM-CARES while there are over 49,000 other trusts which have got exemption under Foreign Contribution Regulation Act (FCRA).
"There were 49,483 trusts in addition to this corpus which got an exemption on FCRA. Why is concern being raised on PM-CARES fund alone then?" he asked.
He said PM CARES Fund was created in response to the situation created by COVID-19.
"PM Narendra Modi donated an initial corpus of Rs 2.25 lakh. The Prime Minister's mother and former CJI Ranjan Gogoi's mother also donated to PM-CARES fund. A beggar also donated Rs 5,000 to the fund. People from various occupations have donated to PM-CARES Fund," he added.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.