PM CARES Fund: Public or Private Trust? While Fully Protecti

PM CARES Fund: Public or Private Trust? While Fully Protecting Trustees


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Even while the government is tightening regulation, compliance and reporting requirements for all trusts and non-government organisations (NGOs), the newly formed PM CARES Fund is listed as a private trust, although the prime minister (PM) in his official capacity is the
ex-officio chief of the board of trustees. This has led to a furore on social media, with several organisations and media organisations raising questions about structure, accountability and transparency. 
 
The trust deed as shared by the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) alleviates any direct responsibility on the trustees. It also hides several important details citing 'fiduciary relationship' or 'privacy of third party'. 

Related Keywords

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