Unspent amount at Rs 1,984 cr; Contribution to PM’s relief fund and other Central/state funds jumps 418 per cent. Mandated by regulation to spend at least 2 per cent of the average net profit (earned over the last three years) towards various social causes, India Inc spent Rs 8,345 crore as part of their CSR …
Corporate social responsibility: Spend up, still short of target Read More »
Gujarat may have been among the top states in terms of corporate social responsibility (CSR) spending by companies, but the state saw a mixed response from its public sector undertakings (PSUs) with regard to CSR expenditure in 2015-16. Four out of seven PSUs of Gujarat government could not spend the prescribed amount -2% of the …
Gujarat PSUs fail to spend prescribed amount on CSR Read More »
The Comptroller and Auditor General (CAG) has pulled up the Odisha Mining Corporation (OMC) for spending less than 10% of its Corporate Social Responsibility (CSR) funds to develop mining areas while spending more in non-mining sectors. Between 2010 and 2014, the annual spend ranged from 2-9% of the CSR funds CAG pointed out in …
CAG hauls up state mining corporation over CSR spend Read More »
Power Finance, National Mineral Development Corporation, Tata Steel, NTPC and Reliance spent more than their prescribed CSR budgets in FY 2015/16, according to the India CSR Outlook Report (ICOR). In FY 2014/2015, only Reliance Industries had spent more than its prescribed CSR budget, among the top 10 performers. The report, published by NGOBOX, analysed the …
Companies like SAP, Tata Motors and Bajaj Electricals are investing in startups through government-affiliated incubators as a part of their mandatory corporate social responsibility (CSR) spending. Nearly a dozen companies have shown interest in spending CSR money in incubators at the IITs and IIMs to nurture student startups that can disrupt traditional business models or …
India Inc putting CSR money in startup incubators Read More »
