Government should put in place a social audit mechanism for CSR activities done under the companies law, a parliamentary panel has said even as it pulled up the corporate affairs ministry for “casual” approach towards social welfare spending provisions. The recommendation has been made by the Committee on Public Undertakings, chaired by BJP member Shanta …
House panel seeks social audit mechanism for CSR activities Read More »
Should private “unaided” CBSE schools be allowed to take funds from corporate bodies under the Corporate Social Responsibility programme? The Kerala CBSE School Management Association thinks they should, and has suggested the same to the HRD ministry as part of its recommendations for the New Education Policy, which is in the works.
The reasons for not spending included companies not finding suitable implementing agency, delay in formation of CSR committee and inability to formulate a well conceived CSR policy. Government has issued show cause notices to 496 companies for not complying with CSR norms while about 4,195 companies have not spent a single penny on corporate social …
CSR: 4,195 cos spend nothing; show cause notices to 496 firms Read More »
Mysuru’s Deputy Commissioner D. Randeep has asked those companies and corporate houses having an annual turnover of Rs. 1,000 crore and above to use a portion of their net profit towards corporate social responsibility (CSR) initiatives. Speaking to The Hindu, Mr. Randeep expressed concern that some companies — having an annual turnover of Rs. 1,000 …
The total prescribed expenditure for 2014-15, as per norms of the ministry of corporate affairs , was Rs 11,883 crore. Companies spent a total of Rs 8,803 crore on corporate social responsibility (CSR)-related activities in 2014-15, as per the data released by the ministry of corporate affairs.
