Top 50 companies spent over Rs 4,600 cr in 2014-15 on CSR activities, most of them focussed on areas of their business operation. Forced to spend a portion of their profits on activities linked to corporate social responsibility (CSR) to meet the requirements of the Companies Act 2013, India’s top 50 companies that make up …
Where did Indian companies spend the CSR budget? Read More »
Corporate Social Responsibility (CSR) is viewed as a comprehensive set of policies, practices and programs that are integrated into business operations, supply chains, and decision-making processes throughout the organization addressing the legal, ethical, commercial and other expectations society has for business, and making decisions that fairly balance the claims of all key stakeholders. Effective CSR …
After a detailed review, the Ministry of Corporate Affairs (MCA) will soon prepare an action taken report on the high level panel’s suggestions related to CSR norms.The panel, chaired by former Home Secretary Anil Baijal, recently submitted its recommendations on the Corporate Social Responsibility (CSR) norms under the Companies Act, 2013.
The statutory corporate social responsibility (CSR) norms introduced two years ago were expected to revolutionise funding of social causes, but some sections of India Inc may now be abusing these for laundering of black money, according to sources privy to such transactions.Some companies are using onhire charitable trusts to fabricate CSR spending, at least two …
Indian companies are laundering their CSR spends Read More »
Its been an interesting year. so far. In just the first six months two large companies have faced the wrath of customers, activists, regulators and shareholders. The customer is taking control. No longer just passive consumers, the customer expects a dialogue, specially when it comes to socially responsible activities. The brand is no longer what …
