The total prescribed expenditure for 2014-15, as per norms of the ministry of corporate affairs , was Rs 11,883 crore. Companies spent a total of Rs 8,803 crore on corporate social responsibility (CSR)-related activities in 2014-15, as per the data released by the ministry of corporate affairs.
Companies interested in conducting sports activities for school students as part of their corporate social responsibility (CSR), must now abide by a new policy, which the Maharashtra school education and sports department framed and introduced last month. A government resolution (GR) issued by the department states that a framework for streamlining such projects was necessary …
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Cynical practice has always been the root weakness of CSR, which grew into a form of enlightened behaviour as a legitimate extension of the art of public relations. Ethical Corporation, a UK-based organization in the business of providing news and research on sustainability, headlined this theme for a marquee event in London next June: “The …
Government today made public CSR spending of more than 7,300 companies in 2014-15, totalling Rs 8,803 crore, but the amount spent by over 60 per cent of the entities was shown as zero. Among the 7,334 companies, Reliance Industries spent the highest amount of Rs 760.6 crore towards corporate social responsibility (CSR) activities in 2014-15.
Rejecting reasons cited for not spending on CSR, MCA has told companies that they can contribute to the Prime Minister’s Relief Fund to meet their targets. The ministry of corporate affairs (MCA) has criticized companies for failing to meet the mandatory spending requirement on corporate social responsibility (CSR) initiatives.
