Question
To strengthen India’s fight against the disease,
PM CARES Fund had been constituted. What does R stands for?Solution
Keeping in mind the need for having a dedicated fund with the primary objective of dealing with any kind of emergency or distress situation, like posed by the COVID-19 pandemic, and to provide relief to the affected, a public charitable trust under the name of ‘ Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)’ has been set up. PM CARES Fund has been registered as a Public Charitable Trust. The trust deed of PM CARES Fund has been registered under the Registration Act, 1908 at New Delhi on 27th March, 2020. Objectives :
- To undertake and support relief or assistance of any kind relating to a public health emergency or any other kind of emergency, calamity or distress, either man-made or natural, including the creation or upgradation of healthcare or pharmaceutical facilities, other necessary infrastructure, funding relevant research or any other type of support.
- To render financial assistance, provide grants of payments of money or take such other steps as may be deemed necessary by the Board of Trustees to the affected population.
- To undertake any other activity, which is not inconsistent with the above Objects
What was the outcome of the G7 summit regarding coalfired power plants?
Which one of the following is not the possible reasons for the Decline in India’s Forex Reserves?
What is the upper investment limit under the Senior Citizens' Saving Scheme ? Â
A person can withdraw 100% of the funds from EPF, after how many months of unemployment?
Which of the following statements is correct?
             I.       The price of a call option decreases as the strike p...
Regarding the International North-South Transport Corridor, consider the following statements -:
I. It is an extension of China's Belt & Road ...
RBI introduced the Retail Direct Platform in 2021 to enables retail investors to buy /sell Government Securities in primary and secondary markets thro...
A notable feature of India’s pandemic response was the ______ provided by the Reserve Bank to All India Financial Institutions (AIFIs) in the face of ...
Which of the following banks has listed its USD 1 billion additional tier- I (AT-1) bonds on the IFSC (International Financial Services Centre) exchange...
Under NPS, what is the maximum percentage contribution value for Alternative Investment Funds as an asset class?