Request to PTs: Please send this as an email to Shri Amit Shah and Shri Nityanand Rai
I am writing to you with respect to the situation with respect to Covid-19. Large sums of money have been remitted to India in the last 1 year. Many organizations have a significant cash /1
I am writing to you with respect to the situation with respect to Covid-19. Large sums of money have been remitted to India in the last 1 year. Many organizations have a significant cash /1
position. The position as of FY 2018-2019 was as follows:
634 large NGOs hold Rs 9576 crores in FD and cash – an average of Rs 15.1 crores
599 Medium NGOs hold Rs 1349 crores in FD and cash – an average of Rs 2.25 crores
17491 Small and Micro NGOs hold Rs 2189 crores in FD /2
634 large NGOs hold Rs 9576 crores in FD and cash – an average of Rs 15.1 crores
599 Medium NGOs hold Rs 1349 crores in FD and cash – an average of Rs 2.25 crores
17491 Small and Micro NGOs hold Rs 2189 crores in FD /2
and cash – an average of Rs 12.5 lakhs
It may be useful for these sums to be made available to the Government of India on a provisional basis at the same rate of interest as savings bank accounts. These can be paid into the PM CARES fund or into the MHA's special fund for /3
It may be useful for these sums to be made available to the Government of India on a provisional basis at the same rate of interest as savings bank accounts. These can be paid into the PM CARES fund or into the MHA's special fund for /3
disaster management. The sum can be held for a period of 3 years and redeemed.
Incentives may be given to organizations that make available their income to the Government, to help tide over this time of crisis.
Sincerely,
<insert name>
/END
Incentives may be given to organizations that make available their income to the Government, to help tide over this time of crisis.
Sincerely,
<insert name>
/END
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