Tuesday , October 27 2020

From RBI & govt banks to LIC, Rs 205 crore to PM Cares from salaries

Written by Shyamlal Yadav
| Novel Delhi |

Up so a long way: September 28, 2020 10: 36: 16 am

PM Cares, PM Cares fund, PM Cares fund contribution, contribution to PM Cares, contribution to PM Cares fund, PM Cares funds, India news, Indian ExpressThe national banking regulator, RBI, said that its Rs 7.34 crore used to be from “contribution by workers”.

IT’S NOT gorgeous a mountainous alternative of central academic institutions, no longer no longer up to seven public sector banks, seven various main monetary institutions and insurers, and the RBI, possess collectively contributed Rs 204.75 crore from their workers salaries to the High Minister’s Citizen Aid and Relief in Emergency Eventualities (PM CARES) fund, RTI files accessed by The Indian Categorical showcase.

Of these, files showcase, Lifestyles Insurance protection Corporation of India (LIC), General Insurance protection Corporation of India (GIC) and National Housing Monetary institution furthermore contributed over Rs 144.5 crore individually from their Corporate Social Responsibility (CSR) allocation and various provisions.

This takes the complete contribution from the 15 govt banks and institutions that answered to RTI queries from The Indian Categorical to Rs 349.25 crore.

The High Minister’s Office, which manages the fund, has declined to furnish shrimp print of contributions acquired, announcing that PM CARES is “no longer a public authority under the…RTI Act”.

Topping the listing of public sector banks and institutions that answered to RTI queries (be conscious chart), LIC on my own gave Rs 113.63 crore to PM CARES under a form of categories: Rs 8.64 crore from workers salaries, Rs 100 crore under “Corporate Dialog” and Rs 5 crore under “Golden Jubilee Foundation”.

Files showcase that LIC’s contribution of Rs 100 crore used to be made on March 31 — Rs 5 crore, too, used to be donated in March but with out a date laid out in the response.

SBI topped the seven public banks that answered to RTI queries with a contribution of over 107.95 crore — the vital tranche of Rs 100 crore used to be paid on March 31. In its response, SBI, which is the ideal banker in the nation, said that its total contribution used to be from the salaries of its workers.

The national banking regulator, RBI, said that its Rs 7.34 crore used to be from “contribution by workers”.

PM CARES used to be place of living up on March 28 this year following the Covid outbreak and had a corpus of Rs 3,076.62 crore by March 31 itself, of which Rs 3,075.85 crore were listed as “voluntary contributions”, consistent with its official internet page.

On August 19, The Indian Categorical had reported that 38 PSUs feeble their CSR funds to collectively make a contribution over Rs 2,105 crore. Five days previously, this newspaper reported that several central academic institutions and regulators contributed Rs 21.81 crore in the originate of “voluntary contributions” from salaries of teaching and non-teaching workers, and from students and pensioners.

RTI replies acquired by The Indian Categorical from banks and monetary institutions detailing their contributions from workers salaries and associated benefits showcase:

* Canara Monetary institution did no longer provide any element various than to insist that its Rs 15.53 crore used to be the “whole quantity contributed”.

* Union Monetary institution of India (Rs 14.81 crore): one-day privilege leave encashment of workers.

* Central Monetary institution of India (Rs 11.89 crore): two-day privilege leave encashment of workers.

* Monetary institution of Maharashtra (Rs 5 crore): one-day salary and two-day leave encashment of workers.

* SIDBI, Little Industries Pattern Monetary institution of India, (Rs 80 lakh): “voluntary contribution from salary” of workers.

* GIC (Rs 14.51 lakh): “one-day salary” of workers.

* IRDAI, Insurance protection Regulatory and Pattern Authority, (Rs 16.08 lakh): “voluntary contribution” by workers.

* NABARD, National Monetary institution for Agriculture and Rural Pattern, (Rs 9.04 crore): salaries of “workers and retired workers”.

* National Housing Monetary institution (Rs 3.82 lakh): “employee contribution”.

As antagonistic to LIC, these who furthermore contributed from sources various than workers salaries embody: GIC with Rs 22.8 crore from CSR; SIDBI with Rs 14.2 crore from CSR; and, National Housing Monetary institution with Rs 2.5 crore from CSR.

The RTI queries were despatched in August and the responses were acquired this month. EXIM Monetary institution, which is wholly owned by the govt, did no longer provide any element under the RTI quiz of but its annual document for 2019-20 states that it contributed Rs 1 crore to the fund.

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