Social responsibility is not a new concept in India. Wealthy merchants shared a part of their wealth with the poor in the pre-industrialisation era. Prodded by Mahatma Gandhi’s notion of ‘trusteeship’, they set up charitable trusts for the benefit of the common man during the Independence movement. Post-Independence, the government encouraged charitable trusts by …
It has become increasingly common to see companies reengineering their supply chains to make them “greener,” supporting social and environmental causes through volunteer programs for employees and lobbying on human rights issues in far-flung corners of the globe. However, as more and more companies and social enterprises try to understand their risks and quantify …
Working smarter not harder – quantifying ‘Value to Society’ Read More »
Companies need to address deep-rooted problems Indian companies would do well to focus more on improving quality of outcome of CSR spending mandated in the Companies Act 2013.
The private sector representatives in Nepal have questioned the ability of the government to properly mobilise the funds for the corporate social responsibility (CSR) initiatives that will be generated from domestic industries out of their profit as required by the new Industrial Enterprise Act. In this regard, they appealed the government to introduce effective guidelines …
World News: Industrialists question effective mobilisation of CSR funds Read More »
Companies’ contribution towards the Prime Minister’s Relief Fund fell by 25 per cent to Rs 80.55 crore during 2015-16 compared to the previous fiscal, a report tracking the corporate social responsibility (CSR) spend of 1,270 firms has revealed. However, during the financial year ended March 31, 2016, the 1,270 companies collectively spent Rs 8,185 crore, …
Cos contributed 25% less to PM’s Relief Fund in FY16: Report Read More »
