In the winter session, 11 questions about CSR were asked in Lok Sabha, while 16 were asked in Rajya Sabha Amid debates on religious intolerance, the proposed goods and services tax (GST) bill and the alleged Delhi and Districts Cricket Association (DDCA) scam during the much-interrupted winter session of Parliament, there were a number of …
Why do MPs want to know how CSR funds are being spent? Read More »
More money is flowing into charity, thanks to rising social awareness and a law that makes it mandatory for firms to set aside more for philanthropy. There was a time when successful Indian companies spent a substantial amount of time strategising on new products, markets and profits, but the ‘giving’ part of the enterprise was …
Business Organisation exists and thrives within the society. The workers and consumers which constitute the society enable the business to earn profits and sustain it. In the process of its existence and operation, a business organisation, irrespective of its size or nature of business, adversely affects the environment directly or indirectly. Thus, it is essential …
Corporate Social Responsibility: Present Trend and Benefits Read More »
CSR committees at some of the top 100 firms, including TCS, HUL and Maruti Suzuki, met only once. The new companies law of 2013 took corporate social responsibility (CSR) from being a goodwill initiative to a boardroom staple, requiring firms to have a policy and strategy shaped by a CSR committee.Yet, according to a KPMG …
With an aim to further improve India’s ‘ease of doing business’ ranking, Corporate Affairs Ministry is gearing up for more changes in 2016 to the voluminous Companies Act and bring in further clarity on the CSR spending norms.Despite a number of changes this year to the Companies Act, 2013, which itself has replaced over 60-year-old …
More changes to companies law, clearer CSR norms likely in 2016 Read More »
