CSR is mandatory in India. Period
The Companies Bill received the president’s assent on August 29 and will be converted into a law to replace the Companies Act 1956. With this, Section 135 that mandates companies to spend two per cent of their net profits towards corporate social responsibility
CSR is for people, not for profits: Sachin Pilot
As Companies Bill, mandating spending towards CSR, received the President’s assent, Corporate Affairs Minister Sachin Pilot urged companies to desist from spending on profit-making activities under the CSR guise. Pilot in a statement said that the ministry was open to discussing and taking
Monsoon Session begins: Will Companies Bill with CSR clause get through?
With just 16 working days and 44 pending bills – including the Food Security Bill – as well as discussions on the controversial Telengana issue, it seems that the long-awaited Companies Bill (conceptualized in 2011) with the mandatory corporate social responsibility (CSR) clause
CSR report: Make beneficiaries tell the tale, let numbers be
Several millions reached, thousands benefitted, lives of hundreds changed… In most cases, the reports on corporate social responsibility (CSR) programmes begin with bold, big numbers to showcase the ‘big’ impact made. For marketers, advertisers and sellers within the company, that works like a
CSR: Create Olympians, get back the glories
In the 1968 Olympics, seven out of eleven players in India’s hockey team were from the same remote village in Punjab. With a current population of about 4,500, Sansarpur has nurtured 16 Olympians. During its golden era, when the Indian field hockey team
CSR: Companies can help in upgrading midday meal
Last week the debate on the quality of the midday meal saw yet another twist as non-governmental organizations (NGOs) that ran the kitchens to cook meals stated that they did not get enough funds to maintain the required quality as well as the
India pays for environment degradation through 1.10 lakh lives
The outdoor pollution alone kills 1.09 lakh adults and 7,513 children every year in India, while about six per cent (nearly Rs 3.75 lakh crore) of the country’s gross domestic product (GDP) is getting lost due to a ruining environment. The numbers were
CSR: Perfetti launches Solar Electrification Project in Uttarakhand
In an effort to provide clean, affordable and sustainable lighting in the remote areas of Uttarakhand, Perfetti Van Melle India (PVM India) has launched a solar electrification project. The project is the company’s CSR initiative and is being implemented in collaboration with TERI.
Amway’s CSR arm introduces awards for young achievers
Commemorating Amway’s 15 years in India, its CSR arm Amway Opportunity Foundation played host to the ‘National Summit on Corporate Social Responsibility – Sustainable Development’ in Delhi on 6 May 2013. The objective of the summit was to ideate, discuss and call for
Companies Bill reaches Rajya Sabha; likely to be passed without hurdles
The much-awaited Companies Bill 2012, which will change the rules of governing, functioning as well as social responsibilities of corporate groups, will be tabled in Rajya Sabha this week. The bill was cleared by the Lok Sabha in December 2012 but is yet