Companies spent around Rs 5,082 crore or 92.7% of the mandated Rs 5,478 crores on CSR activities. The Nifty 50 companies have spent about 27% more in CSR (corporate social responsibility) activities this year, compared to last year, said a report by CimplyFive Corporate Secretarial Services, a tech solution provider for compliance. According to the …
Nifty 50 companies’ 2016 CSR spending rise by 27% Read More »
Minister for Industries and Commerce, Chander Parkashrecently inaugurated various works under ‘Corporate Social Responsibility’ initiatives being undertaken by United Phosphorous Limited (UPL) at Vijaypur and Ramgarh. The initiatives which were dedicated to the public included, toilet facilities at Govt Higher Secondary Schools Vijaypur and Ramgarh constructed at a cost of Rs. 3.5 lakh.
In order to integrate concrete CSR commitments into corporate compliance programs, a company must establish how each commitment translates into performance requirements for the relevant business units and departments. The nature of these requirements may differ considerably depending on a company’s industry and operating context, and the extent and nature of their CSR commitments.
Data suggests that education was the most preferred sector with investments worth Rs. 2,042 crore under CSR A gradual uptick in corporate earnings has led to a 28 per cent surge in corporate social responsibility (CSR) spending by listed entities in 2015-16.
CSR should not be looked as an expense but as a critical investment for business growth, says Vaishali Nigam Sinha, Director, ReNew Power Not confining to the provision of 2 per cent CSR commitment, Indian Inc is taking a greater leap and going beyond the mandatory spend, esp the Clean Energy sector whose business is …
Interview: 2% Should Not Be A Limiting Factor For Companies To make CSR Investments Read More »
