Is PM relief fund audited by CAG?
The PMNRF is audited by an independent auditor outside the Government. At present, Sarc & Associates, Chartered Accountants are the auditors….
| Financial Year | Amount Collected (Rs. in lakh) |
|---|---|
| 2018-2019 | 245.04 |
| 2019-2020 | 110.22 |
Can PM care fund be audited?
PM CARES Fund is audited by an independent auditor. Trustees of the Fund during the 2nd meeting held on 23.04. 2020 decided to appoint M/s SARC & Associates, Chartered Accountants, New Delhi as the auditors of PM CARES Fund for 3 years.
Who is the auditor of PM CARES Fund?
2020 decided to appoint M/s SARC Associates, Chartered Accountants, New Delhi as the auditors of PM CARES Fund for 3 years,” the updated FAQs on the PMO website now say. This is the same firm, headed by Sunil Kumar Gupta, which audits the PM National Relief Fund.
Is PM CARES Fund not auditable?
An affidavit filed by an Under Secretary at the Prime Minister’s Office (PMO) who is discharging his functions in the PM Cares Trust on honorary basis, has said the trust functions with transparency and its funds are audited by an auditor — a chartered accountant drawn from the panel prepared by the Comptroller and …
What is PM Care trust?
Despite being an officer of the Central Government, I am permitted to discharge my functions in PM Care Trust on an honorary basis,” he said. An officer of the Government filing the reply affidavit in his “official capacity” demonstrates the pervasive control Union of India exercises on the PM CARES Fund…
Will pm cares fund be audited?
The fact that PM CARES is a public trust merely implies that the beneficiary is the general public or a class thereof, and not specified individuals. According to NDTV, officials in the office of the CAG have already indicated that their office will not audit the Fund unless the trustees ask them to do so .
Should pm cares be a public account?
The argument against conferring PM CARES the status of a “public account” seems to be that it is a fund based on voluntary contributions of individuals and organisations, and as such, beyond the full-fledged scrutiny of the CAG.
Is the Prime Minister’s National Relief Fund an audited trust?
Drawing a comparison with the Prime Minister’s National Relief Fund set up in 1948 offers little help. The Prime Minister’s National Relief Fund too is a privately audited trust.
Is the PM’s charity a charity?
The PM CARES website says that it is a “public charitable trust”, headed by the prime minister as its ex-officio chairman – which is to say that he holds the position by virtue of his position as the prime minister. The minister of defence, minister of home affairs and minister of finance are ex-officio trustees.