Large businesses in India are struggling to deal with the Companies Act 2013 that requires corporates to set aside two percent of their average net profits earned over the previous three years for corporate social responsibility initiatives. The Act applies to companies that meet a defined benchmark of net worth, turnover, or profits.It is …
Corporations in India Struggle to Comply with CSR Law Read More »
Consumer goods companies’ share to CSR rose by 57% in 2014-15, in its first year of implementation as under Companies Act 2013 As more and more companies publish their annual reports, the gradual swelling of the Corporate Social Responsibility (CSR) kitty is evident from the numbers. Consumer goods companies’ share to CSR rose by 57% …
The two firms will use their CSR funds to support innovations that will help in imparting skill training for employment, primary and secondary education and other relevant areas IT services companies Mphasis Ltd and Genpact Ltd along with Nasscom Foundation, the not-for-profit arm of software lobby Nasscom, will give Rs.60 lakh to social innovators who …
Mphasis, Genpact to give Rs.60 lakhs to social innovators as CSR Read More »
In order to promote social development initiatives and create more jobs, the government is planning a policy of creating a domestic venture capital industry.Speaking at an event, Jayant Sinha, Minister of State for Finance said, “One thing that we are trying to do is to create domestic venture capital industry that will also be able …
Venture Capital Industry to Fund CSR Projects Planned Read More »
Gujarat-based companies choose health and education when it comes to corporate social responsibility (CSR) programmes. These two sectors account for around 90% of the amount spent on CSR.In fiscal 2014-15, health and education topped the list of several Gujarati companies such as Adani Port and SEZ Ltd (APSEZ), Cadila Healthcare, Torrent Power, Cera Sanitaryware Ltd …
Health, education get Gujarat companies’ 90% CSR spend Read More »
