CORPORATE SOCIAL RESPONSIBILITY
Companies face penalty for not meeting CSR spend
Although the new rule is expected to be applied with prospective effect, it is unclear if a case can be made out against the IL&FS directors, who were sacked.
CSR non-compliance: Prosecution sanctioned in 366 cases
In 2014-15, as many as 16,785 companies shelled out Rs 10,065.93 crore towards CSR ac...
Accelerator launched for startups that make tech for disabled
Called ‘Quest for Assistive Technologies’, the 3-month accelerator that will su...
Reliance raises USD 1.85 billion in long-term loan
The fundraising comes amid reports of the company planning to infuse as much as Rs 20,000 crore into its telecom unit.
All disaster relief expenditure to count towards CSR
The corporate affairs ministry has included “disaster management including relief, rehabilitation and reconstruction activities” in a list of activities that companies are permitted to count towards their CSR spend.
Miyawaki forests are no substitute for natural ones: Experts
The Japanese technique of growing dense plantations in a short time is being used by activists and cosmpaniesto increase green cover.
State netas may feel heat as raids intensify against ex-J&K Bank chief
The raids were conducted following allegations that Parvez Ahmed offered loans worth crores to people recommended by politicians and placed his relatives in plum positions.
Odisha relief offering to be considered CSR spend
Cyclone Fani — which made landfall in Odisha on May 3 — has caused at least 41 deaths as well as acute water and power shortages in affected areas.
Funding tech incubators can qualify as CSR spend
The government panel on CSR is likely to suggest tweaks to the CSR framework to allow funding to all incubators to be counted towards CSR spend, a government official privy to the deliberations said.
View: Defence industrial base and corporate professional responsibility
For India, which is emerging as a major producer of defence technologies and equipment there is a dire need for a major drive for capacity building through a consortium approach.
India maintains strong philanthropic momentum: Bain & Company
Funding by individual philanthropists grew the most, by 21% between 2014 and 2018.
Companies on course to achieving 2% CSR targets in coming years
Some of the key findings of the study are that companies have spent Rs. 74.6 bn, an increase of 5.8% compared to the previous year.
CSR spend tops Rs 50K-cr during FY15-18: Report
The Companies Act, 2013 makes it mandatory for businesses with Rs 500 crore in annual revenues to set aside 2 percent of their profit for social good or affirmative action.
Making profit alone is not enough in today’s world: Deloitte Global CEO Punit Renjen
Global Deloitte CEO Punit Renjen said expectations from a company are now way beyond making money.
Pulwama attack: Infosys Foundation announces Rs 10 lakh each to families of martyrs
The terrorist attack has claimed the life of 40 CRPF soldiers.
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