CSR, Public sector, Six women-led companies,State Bank of India, Axis Bank Ltd, ICICI Bank Ltd, Hindustan Petroleum Corporation Ltd, LIC Housing Finance, Apollo Hospitals Ltd They have been part of promoting social values for the last five years but still the public sector companies’ show less satisfactory progress than private sector companies when it comes …
A data-led analysis of how companies responded to new rules for disbursing their corporate social responsibility funds It has been over a year since the new rules for corporate social responsibility (CSR) have come into force as per the Companies Act, 2013. The CSR rules now mandate that companies with a net worth of Rs.500 …
Most corporate social responsibility initiatives are linked to business strategy Section 135 of the Companies Act 2013 requires every company having net worth of Rs 500crore or more or turnover of Rs 1000 crore or more or net profit of Rs 5 crore or more in any of the previous three financial years to spend …
It has been over a year since corporate social responsibility (CSR) became a legislative mandate for companies. The voluminous 294-page act necessitates companies to set up a separate board committee and allocate 2 per cent of net profits in the last three years to CSR activities. This sounds simple and empirical, but leaves plenty of …
Shift from sporadic social service to strategic CSR Read More »
NEW DELHI: The country’s top 75 companies spent more than Rs 4,000 crore towards corporate social responsibility in the last fiscal, the first year after the government mandated bigger companies to give away a part of their profits for social work, early estimates of the government show.Big CSR spenders include Reliance Industries with Rs 760 …
Top 75 companies spent Rs 4,000 crore on CSR in 2015 Read More »
