The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as CSR spending under the companies law.
In March, the corporate affairs ministry said contributions by companies to the PM-CARES Fund would be considered as CSR spending.
Now, the ministry has made changes in Schedule VII of the Act to provide for the provision.
Schedule VII pertains to CSR activities.
The PM CARES Fund would be utilised to deal with any emergency or distress situation such as coronavirus outbreak.

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