India CSR Law

CSR_SLSV

Regional firms from Punjab are reluctant to spend on CSR activities

When it comes to Corporate Social Responsibility (CSR) spending, the region-based companies, especially those in Chandigarh and Punjab, are a little bit hesitant, as the companies give flimsy excuses for not meeting their legally mandated obligations.   The reasons included lesser funds for the adoption of CSR projects. Out of the total 115 companies identified, …

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Firms recognizing benefits, impact of CSR: Bhaskar Chatterjee

Bhaskar Chatterjee, director general and CEO of Indian Institute of Corporate Affairs (IICA), a think tank under the aegis of the union ministry of corporate affairs, retired last week after five years at the institute.   Credited with drafting the Corporate Social Responsibility (CSR) Rules, 2014, Chatterjee traces his engagement with the corporate world back …

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Escorts CSR consultant earns more than CSR spend

Farm equipment major Escorts paid G B Mathur, its non-executive director, who has also been hired as a CSR consultant a sum of Rs 2.5 crore, where as it spent less than half of this sum Rs 1.16 crore on CSR. The structure has been devised to circumvent a company law provision that caps managerial …

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CSR: an underrated approach to sustainable progress

The term corporate social responsibility (CSR) might have become popular in recent years, but it has existed in India, in different forms, for many decades now.   For example, in the late 1800s, much before the multinational corporate system was in full swing in India, affluent merchants and businessmen shared a part of their wealth …

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