For optimal management of corporate social responsibility (CSR) funds, the state government is all set to constitute a ‘Rajasthan CSR Authority’. Conceived on the lines of a similar body formed by the Gujarat government, the authority will act as a facilitator for industries to carry out their mandatory CSR activities in the state.
In 2014-15, nearly Rs 8,029 crore was spent by Indian companies towards Corporate Social Responsibility (CSR) initiatives. An amendment to the Companies Act in 2014, made it mandatory for companies to put aside 2% of their average net profit of the three preceding financial years, for social causes.
Many Philippine firms, particularly publicly listed ones, have recently started to undertake corporate social responsibility (CSR) projects, some even embedding CSR in their strategies. The reasons for these actions range from enhancing the firms’ corporate image and reputation, to solidifying long-term investors’ confidence and gaining long-term customer loyalty as the new and emerging breed …
30% say adoption of long-term social projects is reason for spending gap India Inc’s commitment towards corporate social responsibility remains shaky, as companies give flimsy excuses for not meeting their legally mandated obligations.
As many as 2,351 companies have not spent a single penny on corporate social responsibility (CSR) activities, while a total of 776 firms have engaged NGOs for implementing such tasks, Parliament was informed today. The new Companies Act mandates every company with a networth of Rs 100 crore to set aside minimum 2 per cent …
