Governor of Maharashtra and Tamil Nadu Chennamaneni Vidyasagar Rao appealed to corporate houses in the state to comply with the law requiring them to donate 2% of their profits to charity. “The corporate social responsibility law mandates that 2% be given to charitable endeavours and I have already met corporates in Mumbai at the Raj …
TN governor appeals corporates to meet 2% CSR law Read More »
With a view to structuring the CSR (corporate social responsibility) activities in Odisha, the state government has consulted the industry captains, corporate house leaders, the civil society and taken inputs from the people like the CSR authorities of Gujarat, said Industries minister Debi Prasad Mishra.
The introduction of mandatory corporate social responsibility (CSR) spending under the Companies Act, 2013, has unleashed a wave of spending on social sector programmes: around Rs 6,300 crore in 2014-15. This has been a game-changer for Indian philanthropy.
Robert Bosch Engineering and Business Solutions Pvt Ltd (RBEI) has initiated work with the local community to create a more vibrant city. “Our facility is recognised at the national level for our role in sustainable practices. We look for smart, long lasting solutions”, Anitha, Head – HR at RBEI Coimbatore Centre, said.
Ever since the Companies Act came into effect in 2013, two-thirds of Indian companies have failed to comply with the mandatory 2% expenditure on Corporate Social Responsibility (CSR). This includes 32 of 50 NIFTY companies.
