CSR funds for Covid-19 eligible for CSR activity: Finance Minister

CSR funds for Covid-19 eligible for CSR activity: Finance Minister

Finance Minister Nirmala Sitharaman on Monday said, "In view of the spread of novel coronavirus in India, its declaration as pandemic by the WHO, and decision of Government of India to treat this as a notified disaster, it is hereby clarified that spending of CSR funds for COVID-19 is eligible CSR activity."