Central Public Sector Enterprises CPSEs in the three financial years, 2014-15, 2015-16 and 2016-17 have spent Rs. 2450.31 crore, Rs. 4028.04 crore and Rs. 3336.50 crore respectively on Corporate Social Responsibility (CSR).
Selection of activities/ projects and selection of area for undertaking CSR activities along with activity/ project-wise allocation of funds is done by the CPSEs on the recommendations of CSR Committee constituted in CPSEs, with the approval of respective Boards of CPSEs.
Department of Public Enterprises (DPE) has been regularly holding workshops/conclaves with CPSEs for sensitizing the concerned executives for ensuring proper selection of CSR activities/ projects and utilization of CSR funds as per the CSR provisions of Companies Act, 2013, CSR Rules and Schedule-VII of the Act.
DPE had also organised a 3-day CSR Fair from 4th to 6th May, 2017 at Pragati Maidan, New Delhi to showcase the CSR initiatives of CPSEs during the last three years after coming into force of CSR provisions in the Companies Act, 2013.
DPE has been organizing regional workshops/ conclaves to sensitize CPSE executives concerned with implementation of CSR Policy of the company for proper utilization of CSR funds as per extant guidelines and sustainability of assets created under CSR.
Article Source: Business Standard