The railway authorities have made a proposal towards exploring the option of using Corporate Social Responsibility (CSR) funds for improving facilities at the station. Citing the case of Mukundwadi railway station, a D-category station — falling adjacent to local industrial area — the authorities said it would be a win-win situation for all if facilities …
Corporate social responsibility activities are guided less by what is deemed good for the society in the long run and more by the short-term compulsions and interests of a company. The Companies Act, 2013 has been mainly instrumental in focusing attention on corporate giving for social development in India, though that was not its main …
Is Mandated Philanthropy Doing Indian Society Any Good? Read More »
Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Ltd, today launched mobile applications for corporate social responsibility (CSR) and bill tracking system (BTS). Developed in house by the department of Systems, both the applications were launched by A K Jha, Chairman & Managing Director of MCL on the occasion of 26th Foundations Day of …
A new generation of Indian business leaders is busy changing the perception that business is antithetical to societal needs. Just how deep is the transformation? With the mandatory spending on corporate social responsibility (CSR) reduced to just another ineffectual piece of legislation, a mindset change that entails looking at CSR as an opportunity for growth …
The changing attitudes towards corporate social responsibility Read More »
Under the Companies Act, 2013, a certain class of profitable companies is required to spend at least 2 per cent of their three-year annual average net profit towards CSR works in a fiscal. The norm came into effect on April 1, 2014. Nearly 400 companies together shelled out about Rs 5,857 crore towards corporate social …
