Shareholders are interested not only in the single bottom line figure of profit in their books of accounts because they recognize that profits are organically linked to communities and environments “The responsibility of business is to increase its profits,” was the title of a New York Times article by Nobel laureate, economist, and the evangelical …
How CSR can contribute to profit, people and planet Read More »
Civil society—the NGO sector—bridges the gulf between citizens and government. When governments treat this bridge with hostility, it is the citizen who is distanced and whose interests have no interlocutor. July 2015 brought civil society funding into the limelight. Azim Premji gave away almost half his stake in Wipro to his charitable foundation, which supports …
Constantly evolving rules and anomalies over tax treatment have constrained corporate programmes in the first year that the government’s CSR mandate has been in force On the face of it, Maneka Gandhi’s admonition to big business at an Assocham meeting earlier this month that it was “non-serious” about corporate social responsibility (CSR) is valid. By …
As corporates start making their annual statutory filings, the government-appointed expert panel is expected to finalise next month its suggestions for better monitoring of CSR under the new companies law.Under the Corporate Social Responsibility (CSR) regime — that came into effect on April 1, 2014 — certain class of profitable companies have to shell out …
Govt-appointed panel on CSR to finalise report next month Read More »
India’s Companies Act of 2013 requires 2% of net profit of profitable firms to be spent on CSR but only 30-40% of the envisioned spending is currently being done. Why do companies lack enthusiasm to do CSR in India? Why is still there a section of corporate which feels that mandatory CSR is stifling and …
