Companies like SAP, Tata Motors and Bajaj Electricals are investing in startups through government-affiliated incubators as a part of their mandatory corporate social responsibility (CSR) spending. Nearly a dozen companies have shown interest in spending CSR money in incubators at the IITs and IIMs to nurture student startups that can disrupt traditional business models or …
India Inc putting CSR money in startup incubators Read More »
International property group Goodman has a firm focus on CSR – so much so that it has its own arm, the Goodman Foundation, to work on community development and charitable causes. This drive extends throughout the organisation using two initiatives – Good+Heart and Good+Deeds – to encourage employee engagement in CSR.
More than half of Nifty companies spent less than what the law mandates them to towards corporate social responsibility (CSR) in FY16, data compiled by FE reveals. The study reveals that while 25 of the 47 Nifty constituents that were required to spend towards CSR in FY16 spent less than the prescribed 2% of their …
Over half of Nifty companies failed to meet CSR limits Read More »
The feedback on CSR is not inspiring. Since each industry has a distinct social impact, industry-specific CSR projects will help. It is disappointing to learn that Indian companies are not serious about CSR despite the mandate being stipulated in Section 135 of the Companies Act, 2013.
In 2014, India became the first country in the world to mandate Corporate Social Responsibility (CSR) rules for its companies, both public and private. According to these rules, companies with a net worth of Rs.500 crore or revenue of Rs.1,000 crore or net profit of Rs.5 crore are required to spend 2% of the …
Creating shared value will help private sector to foster inclusive growth Read More »
