CORPORATE SOCIAL RESPONSIBILITY
CSR: Companies spend Rs 4,719 crore in first 8 months of this fiscal
Under the Companies Act, 2013, certain class of profitable entities are required to spend at least two per cent of their three-year average annual net profit towards CSR activities.
Five years on, mandated philanthropy not delivering in India
While many of them are making efforts to address societal challenges, they lack strategic planning to identify the ideal projects for investment.
Little more nudging needed to ensure CSR norms compliance: Official
Without divulging any specific plans, he said the ministry would like to ...
Government plans awards for corporate social responsibility activities
Officials said the ministry is proposing to institute the awards for CSR activities across eight sectors, including education, health and environment.
187 companies face penal action for CSR violations: PP Chaudhary
Under the Companies Act, certain class of profitable entities have to shell out at least 2% of their 3-year annual average net profit towards CSR activities.
Social spend of PSUs down 10% in 2016-17: Report
The companies, however, went one step further and decided to spend Rs 9,765 crore instead (2015-16: 9,298 crore), Rs 261 crore more than the requirement.
After raids at 11 places, CBI books NGO, 5 others in FERA case
The funds were allegedly received mainly from a foreign based company to the tune of Rs 90.72 crore in the bank accounts of Advantage India registered under FCRA Act, 2010.
FM Arun Jaitley sees CSR spending potential of Rs 14,000 crore
Appreciating efforts of Axis Bank, Jaitley said, upgradation of 100 schools in Leh, Kargil region by the bank will help promote education in this area.
Centre launches interactive online platform to give corporate push to Ganga cleaning
The exclusive web page, launched by Union water resources minister Nitin Gadkari, carries all details of projects and activities which can be taken up by corporate houses under the CSR funds. It will enable them to apply works online on the NMCG website's interactive page.
Climate Change part of third National Wildlife Action Plan
The GWP, initiated in 2015, is a World-Bank-led partnership of 19 countries to promote the conservation and sustainable development by combating trafficking in wildlife.
India Inc can support government initiatives via CSR: Arun Jaitley
“If you look at India's large corporates with a profitability of Rs 500 crore and above, you have a potential of about Rs 14,000 crore of CSR activities,” Finance Minister said.
Companies report better CSR compliance in FY16
Section 135 of the Companies Act of 2013 requires cos to spend 2% of their average net profit for the immediately preceding three financial years on CSR activities.
CSR spending on environment, women empowerment declined in 2015-16
Under CSR act, companies need to spend at least 2% of its average net profit for the immediately preceding three financial years on corporate social activities.
Maruti Suzuki to set up 15 automobile skill enhancement centres
The first of these ASECs was inaugurated by Mr Kenichi Ayukawa, MD & CEO of Maruti Suzuki at ITI Nizamuddin in New Delhi today.
Eaton collaborates with Life-Lab to create virtual science lab for students
The science lab tool will help more than 40,000 economically-challenged students across all the states of India where Life-Lab operates.
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