Ramaswami

This Blog is about the democratic movements in India. Its only aim and objective is to fight against the anti-people policies of the ruling class.

Saturday, May 9, 2020

India’s newly established coronavirus relief fund, PM Cares, has marshalled phenomenal contributions from celebrities, tycoons, middle-class professionals, and corporates. Ironically, firms that claim to have no money even to pay their staff, too, have made huge donations to this corpus. Consider the case of Cure.fit. On May 4, the fitness startup axed around 800 employees and closed down many of its fitness centres. While it provisioned only Rs 2 crore – $260,000 – as an emergency fund for axed employees, it allocated a more generous Rs 5 crore to PM Cares and various other relief funds.

Indian firms Cure.fit, Reliance contribute to PM-CARES coronavirus fund amid salary cuts, layoffs




Ramaswami at 5:28 AM
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