Under the Companies Act, 2013, a certain class of profitable companies are required to spend at least 2 per cent of their three-year annual average net profit towards Corporate Social Responsibility (CSR) works in a fiscal. As many as 12,431 companies together shelled out more than Rs 18,625 crore towards social welfare activities in the …
Companies spend over Rs 18,600 cr towards CSR in 2 years Read More »
Every aspect of our lives is undergoing rapid change. In the corporate world, this is evident from how human resources management (HRM) is reinventing itself to manage increasingly open, flat, interactive and differentiated ecosystems in constant flux. These corporate ecosystems can no longer be managed efficiently by hierarchical authority alone.
Corporate social responsibility and sustainability are two concepts that have become increasingly popular in recent years. Activists, politicians, and business leaders use them, and corporate and government actions are partly judged according to them. But what exactly do these concepts mean? Are they compatible with efficient management in a free society? To what extent are …
How the terms ‘corporate social responsibility’ and ‘sustainability’ were twisted Read More »
Overall CSR spends by corporates saw a significant 22 per cent rise in 2015-16, with bulk of the money going into education, skills development, healthcare and sanitation initiatives, a research report said. “In absolute terms, total money spent on CSR rose by Rs 2,500 crore to Rs 8,300 crore in fiscal 2016. However, another Rs …
Firms these days use various cards to attract consumers. Corporate Social Responsibility (CSR) activities are one of the popular cards these days. It refers to business practices involving initiative that benefits the society.
