It is true that CSR rules enacted in April 2014 have created a buzz and that CSR spending is on the rise, but deployment of funds remains a matter of debate. Corporate social responsibility (CSR) rules, implemented in April 2014 under section 135 of the Companies Act, have generated a buzz for their innovative approach …
Three years of CSR: Spending on the rise, yet hurdles remain Read More »
Mizoram Finance Minister Lalsawta today implored different companies working in the state including banks and financial institutions to fulfil their ‘Corporate Social Responsibilities’ (CSR) and work for the welfare of the local populace.
The MD & CEO of ICICI Bank, Chanda Kochhar, was awarded the Woodrow Wilson Award for Global Corporate Citizenship from the Woodrow Wilson Centre in Washington DC last week. According to a media release by ICICI, the award was conferred on Kochhar for demonstrating a commitment to the common good – beyond the bottom line. …
April marks the third anniversary of India’s corporate social responsibility law, which requires that corporations above a defined level of financials spend 2% of their profits on CSR programmes. While charity has traditionally been an integral part of the Indian ethos, strategic philanthropy is still a field under formation, Jeri Eckhart-Queenan and Pritha Venkatachalam, …
CSR funding in India has much greater potential to be more strategic and collaborative Read More »
Government has very important role through regulatory framework, the sector needs a paradigm shift in the way different stakeholders of the industry, including private and public companies think. India is one of the fastest developing economies and one among its many virtues lie in its demographic strength.
