Vodafone India wants to double the impact of its corporate social responsibility (CSR) programme. Last year, around 50 employees volunteered for CSR initiatives, working for eight weeks at 25 NGOs and impacting about 1 million lives. “This year we are looking at impacting almost double of last year (2 million lives). In fact, the target …
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The Companies Act of 2013 mandates a contribution of two per cent of post-tax profits of companies to corporate social responsibility (CSR) activities. There was much debate about the merits of this mandate, with critics seeing it as a back-door tax. While it is in a way, the fact is that a tax would go …
India along with three other nations lead the way globally in terms of reporting on corporate responsibility activities, with companies making more disclosures especially due to mandatory regulatory requirements, says a survey.The KPMG survey of Corporate Responsibility Reporting 2015 released on Wednesday said India leads corporate responsibility (CR) reporting rates in the world.
Government is likely to make further amendments in the Companies Act along with changes in certain rules as part of its efforts to provide more clarity on Corporate Social Responsibility (CSR) provisions.A government-appointed high level panel recently submitted recommendations on CSR norms to the Corporate Affairs Ministry, which is implementing the Act.
Called Sammaan, the exchange will bring together NGOs and firms willing to spend on philanthropyIn few weeks, the BSE will launch a new exchange that will help listed companies meet their social impact spending requirements. Called Sammaan, the platform has been designed as an intermediary between corporates willing to spend on philanthropy and cash-starved non-government …
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