20 Dec Prime Minister’s National Relief Fund (PMNRF)
Prime Minister’s National Relief Fund (PMNRF)
In news: Following the fatal cylinder accident in Jodhpur, Rajasthan, the Prime Minister, declared that the Prime Minister’s National Relief Fund would provide ex-gratia payments of Rs. 2 lakh to each deceased person’s next of kin and Rs. 50,000 to those hurt.
For Prelims: Funding mechanism, contributions, administration, and proceeds.
For Mains: Need for and significance of PMNRF.
About Prime Minister’s National Relief Fund (PMNRF)
- The PMNRF was founded in January 1948 as a result of a request made by the then-Prime Minister, Pt. Jawaharlal Nehru, to aid those who had fled Pakistan.
- The PMNRF also provides assistance to partially cover the costs of medical care, such as heart operations, kidney transplants, cancer treatments, etc.
- The PMNRF’s resources are now mostly used to provide emergency aid to the victims of significant accidents and riots as well as to the families of those murdered in natural disasters like floods, cyclones, earthquakes, etc.
- The Chairman of PMNRF is the Prime Minister, who receives honorary assistance from officers and staff.
- These donations are also CSR (corporate social responsibility) expenditures for businesses, which makes them more desirable in terms of tax breaks.
- The Prime Minister must provide his consent before any payments are paid.
- The Parliament has not created the PMNRF.
- The Prime Minister or a number of delegates oversee the fund, designated as a Trust under the Income Tax Act and used for national reasons.
- The Income Tax Act exempts PMNRF.
The types of contributions that PMNRF accepts
- Contributions coming from the government’s budget or the balance sheets of public sector organizations are not accepted.
- Only voluntary donations from people and organizations are accepted by PMNRF.
- When a catastrophic natural disaster strikes, the prime minister announces a donation appeal.
IAS Current Affairs
Are you looking for current affairs for the IAS examination? Get the best daily current affairs for the UPSC examination from Plutus IAS to enhance your general knowledge. It provides the best coaching for PSIR optional. Also, read weekly, and monthly current affairs for preparing UPSC examination.