PM CARES Fund: Govt appoints Industrialist Ratan Tata as Trustee
PM CARES Fund: Govt appoints Industrialist Ratan Tata as Trustee
Veteran industrialist Ratan Tata, former Supreme Court judge KT Thomas, and former deputy Lok Sabha speaker Kariya Munda have been nominated as trustees of the PM CARES Fund.
According to the prime minister’s office, Veteran industrialist Ratan Tata, former Supreme Court judge KT Thomas, and former deputy Lok Sabha speaker Kariya Munda have been nominated as trustees of the PM CARES Asset. Top state leader Narendra Modi chaired a meeting of the Board of Trustees of the PM CARES Fund, which was attended by Union Home Minister Amit Shah and Union Finance Minister Nirmala Sitharaman.
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Both Shah and Sitharaman are the Trustees of PM Cares Fund. During the meeting, Ratan Tata, Chairman Emeritus, Tata Sons; Justice KT Thomas, former SC judge, furthermore, Kariya Munda, previous Agent speaker designated as the recently selected legal administrators of the PM CARES Asset.
As per the PMO:
- The trust further decided to nominate other eminent persons for the constitution of the Advisory Board to the PM CARES Fund.
- These eminent personalities included: Rajiv Mehrishi, Former Comptroller and Auditor General of India; Sudha Murthy, Former Chairperson, Infosys Foundation, and Anand Shah, Co-founder of Teach for India and Former CEO of Indicorps and Piramal Foundation.
About the PAM CARES Fund:
The PM CARES Fund was created during the Covid-19 pandemic. The essential target of the asset is to manage any sort of crisis or misery circumstance, like posed by the pandemic, and to provide relief to the affected individuals. The fund consists entirely of voluntary contributions from individuals/organizations and does not get any budgetary support.