InvestorQ : What was the Supreme Court’s verdict on the transfer of PM-CARES funds?
Purvesh made post

What was the Supreme Court’s verdict on the transfer of PM-CARES funds?

Answer
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Dia Deshpande answered.
1 month ago


The Supreme Court issued its Judgment in response to the Public Interest Litigation (PIL) filed by the Centre for PIL that money received into the PM-CARES fund need not be credited to National Disaster Response Fund (NDRF) for the fight against COVID-19 pandemic.

The bench held that the PM-CARES fund is entirely different from NDRF. On the other hand, the court also mentioned that there is no statutory prohibition on individuals to make voluntary contributions to NDRF and called the NDRF plan sufficient in itself as it does not require any modification in the eyes of the honorary bench.