The Coronavirus pandemic has seen the world almost coming to a standstill. The pandemic has seen corporations and business leaders committing sizable amounts towards supporting the impacted people, communities as well as funding government initiatives towards fighting the pandemic as well implementing preventive measures.
Indiabulls Group, a diversified financial services group, has announced a commitment of ₹ 21 Crore to Prime Minister’s ‘Citizen Assistance and Relief in Emergency Situations Fund’ (PM CARES Fund). The group has interests in housing finance, consumer finance and personal wealth, and a presence in Real Estate, Pharmaceuticals, Lighting and Infrastructure & Construction Equipment Leasing.
In their statement the company said – “In the wake of the Corona Virus pandemic that has spread across the world, the Indiabulls Group today pledged ₹ 21 Crore to the Hon’ble Prime Minister’s ‘Citizen Assistance and Relief in Emergency Situations Fund’ (PM CARES Fund). The Group hopes to keep supporting the exemplary work done by the Centre and State authorities in conjunction with healthcare professionals across the country, as they lead the unsung efforts against the pandemic.”
“This outbreak has spared no nation, and it will take the collective spirit of our entire country to best fight it. Indiabulls Group will aim to support every effort towards that objective,” said, Sameer Gehlaut, Chairman, Indiabulls Group, “We ask citizens of India to come together and donate to the PM CARES Fund as much as they can during these trying times. We ask you to stay at home, stay safe and protect everyone by protecting yourself first.”
PM’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund, was recently set up to enable citizens and businesses contribute to union government’s efforts against the Covid-19 pandemic. Recently, the government has passed an ordinance that seeks to amend the Income Tax Act to enable 100% deduction to donations made to the PM’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund. All contributions made to the PM CARES fund till March 31 would qualify for 80G exemption under the IT Act.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.