India CSR Law

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Businesses should deposit half of CSR funds with government: Jharkhand CM

Leave a Comment / Brand CSR, CSR, India CSR Law, Information / By / August 29, 2016

Jharkhand Chief Minister Raghubar Das recently told companies that half of their corporate social responsibility (CSR) money should be deposited into the CSR council fund maintained by the state government. “A cell will be formed and the government will spend money from the fund as per requirements. Panchayat Secretariat and UNICEF will monitor the CSR-funded …

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Rajasthan moots authority for optimal use of CSR fund

Leave a Comment / Brand CSR, CSR, CSR Reporting, India CSR Law, Information / By / August 14, 2016

For optimal management of corporate social responsibility (CSR) funds, the state government is all set to constitute a ‘Rajasthan CSR Authority’.   Conceived on the lines of a similar body formed by the Gujarat government, the authority will act as a facilitator for industries to carry out their mandatory CSR activities in the state.

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Education favourite CSR activity among Indian companies

Leave a Comment / Brand CSR, CSR, CSR Reporting, India CSR Law, Information / By / August 14, 2016

In 2014-15, nearly Rs 8,029 crore was spent by Indian companies towards Corporate Social Responsibility (CSR) initiatives. An amendment to the Companies Act in 2014, made it mandatory for companies to put aside 2% of their average net profit of the three preceding financial years, for social causes.

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