BHUBANESWAR: Chief minister Naveen Patnaik on Thursday sought explicit provisions in the Company’s Act-2013 to make corporate social responsibility (CSR) finances to be had to the manager minister’s aid fund (CMRF).
In a letter to Prime Minister Narendra Modi, Naveen stated there's need for augmentation of CMRF assets via contribution of CSR fund of the corporates.
The leader minister stated the Odisha CMRF, like that of different states, uses it fund for quite a lot of pro-poor activities.
"Some such examples are aid to eligible indigent persons for their clinical remedy, ex-gratia to the next of the relations of the poor deceased in case of their unnatural and premature dying, compensation to the sufferers of highway/rail twist of fate and assistance to the circle of relatives of poor deceased for efficiency of his final rites,” Naveen stated.
The CMRF fund could also be applied for providing lifeless frame carriers (hearse) to the federal government health establishments for easy transportation of lifeless frame shape where of dying to the home of the deceased or place of cremation or burial flooring below the Mahaprayan scheme.
Naveen stated the Odisha CMRF has confirmed its generosity via even providing aid to sufferers of different states/nation reminiscent of Jammu and Kashmir and Nepal in the tournament of severe natural calamity there.
"Looking into the gamut of its activities, it's felt that there is a want to increase the finances for CMRF. A Number of eligible poor are still left unattended via the CMRF,” Naveen stated including ‘the lack of assets in CMRF can also be addressed, to some extent, through the CSR fund of the public/non-public firms.’
The leader minister stated though contribution to the Prime Minister’s National Relief Fund (PMNRF) is thought of as as an eligible process below the CSR fund below the Company’s Act, there is not any provision for contribution to state CMRFs.
"Hence, there is a dire want to come with ‘contribution to state CMRFs’ as an eligible process below CSR. This will even carry parity with the existing provision of contribution to PMNRF,” Naveen noted.
According to CSR coverage regulations, 2014, each and every company, non-public limited or Public Sector--with a internet value of Rs 500 crore or a turnover of Rs 1000 crore or internet profit of Rs five crore-- should spend at least 2 per cent of its moderate profit on CSR activities.
In a letter to Prime Minister Narendra Modi, Naveen stated there's need for augmentation of CMRF assets via contribution of CSR fund of the corporates.
The leader minister stated the Odisha CMRF, like that of different states, uses it fund for quite a lot of pro-poor activities.
"Some such examples are aid to eligible indigent persons for their clinical remedy, ex-gratia to the next of the relations of the poor deceased in case of their unnatural and premature dying, compensation to the sufferers of highway/rail twist of fate and assistance to the circle of relatives of poor deceased for efficiency of his final rites,” Naveen stated.
The CMRF fund could also be applied for providing lifeless frame carriers (hearse) to the federal government health establishments for easy transportation of lifeless frame shape where of dying to the home of the deceased or place of cremation or burial flooring below the Mahaprayan scheme.
Naveen stated the Odisha CMRF has confirmed its generosity via even providing aid to sufferers of different states/nation reminiscent of Jammu and Kashmir and Nepal in the tournament of severe natural calamity there.
"Looking into the gamut of its activities, it's felt that there is a want to increase the finances for CMRF. A Number of eligible poor are still left unattended via the CMRF,” Naveen stated including ‘the lack of assets in CMRF can also be addressed, to some extent, through the CSR fund of the public/non-public firms.’
The leader minister stated though contribution to the Prime Minister’s National Relief Fund (PMNRF) is thought of as as an eligible process below the CSR fund below the Company’s Act, there is not any provision for contribution to state CMRFs.
"Hence, there is a dire want to come with ‘contribution to state CMRFs’ as an eligible process below CSR. This will even carry parity with the existing provision of contribution to PMNRF,” Naveen noted.
According to CSR coverage regulations, 2014, each and every company, non-public limited or Public Sector--with a internet value of Rs 500 crore or a turnover of Rs 1000 crore or internet profit of Rs five crore-- should spend at least 2 per cent of its moderate profit on CSR activities.
Naveen writes to PM on CSR fund to state chief minister’s relief fund
![Naveen writes to PM on CSR fund to state chief minister’s relief fund]()
Reviewed by Kailash
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June 14, 2018
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