Rajiv Gandhi Foundation got Rs 100 cr from Budget when Manmohan was FM

Former Prime Minister Manmohan Singh

The Congress government while in power was doling out largesse to the Rajiv Gandhi Foundation (RGF) and Manmohan Singh as Finance Minister in 1991 allocated Rs 100 crore over 5 years.

The disclosures came to light as the RGF came under scrutiny following an expose that the Government of China and China Embassy were donors to the Foundation.

This is an instance of Congress government patronage for RGF paid out of taxpayers money.

The Budget Speech of 1991-92 by Manmohan Singh, Minister of Finance presented on July 24, 1991 has the detail.

"The Rajiv Gandhi Foundation has been established to perpetuate the memory of the great leader and to promote the ideals and objectives for which he lived and laid down his life," Singh said.

"This Foundation, among other things, will lay particular emphasis on research and action programmes relating to the application of science and technology for development, propagation of literacy, the protection of the environment, the promotion of communal harmony and national integration, the uplift of the under-privileged, women and handicapped persons, administrative reforms and India's role in the global economy," he added.

"As a homage to the late Shri Rajiv Gandhi and in support of the laudable objectives of the Foundation, Government has decided to contribute Rs 100 crore to the Foundation at the rate of Rs 20 crores per annum for a period of five years beginning from the current year," the then Finance Minister said in the Budget speech.

--IANS

san/in


(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 is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel