More than half of Nifty companies spent less than what the law mandates them to towards corporate social responsibility (CSR) in FY16, data compiled by FE reveals. The study reveals that while 25 of the 47 Nifty constituents that were required to spend towards CSR in FY16 spent less than the prescribed 2% of their …
Over half of Nifty companies failed to meet CSR limits Read More »
In 2014, India became the first country in the world to mandate Corporate Social Responsibility (CSR) rules for its companies, both public and private. According to these rules, companies with a net worth of Rs.500 crore or revenue of Rs.1,000 crore or net profit of Rs.5 crore are required to spend 2% of the …
Creating shared value will help private sector to foster inclusive growth Read More »
The dawn of the 21st century saw the birth of conscious capitalism. Increasing global connectedness, our interdependence as humans and personal empowerment are converging to catalyze a mass shift in the corporate conscience. A palpable manifestation of this growing business conscience is corporate social responsibility (CSR). On April 1, 2014, India became the first country …
Business with a Conscience Spotlight Series – ANSYS Read More »
The areas—lumped together as a single cause in CSR Rules—got Rs2,105 cr or 35% of all CSR spending. Companies and sectors with the largest revenues and profits accounted for the highest corporate social responsibility (CSR) spending in the second year of CSR Rules.
When it comes to Corporate Social Responsibility (CSR) spending, the region-based companies, especially those in Chandigarh and Punjab, are a little bit hesitant, as the companies give flimsy excuses for not meeting their legally mandated obligations. The reasons included lesser funds for the adoption of CSR projects. Out of the total 115 companies identified, …
Regional firms from Punjab are reluctant to spend on CSR activities Read More »
