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WorldView: Corporate social responsibility grows success

It’s harvest season in Hampton Roads, USA. As you take weekend trips to the apple orchards and pumpkin patches to experience all autumn has to offer, keep in mind the bounty of fall’s harvest was grown in the seasons before. Remember the proverb? You reap what you sow. It’s true in agriculture and it’s true …

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CAG hauls up state mining corporation over CSR spend

The Comptroller and Auditor General (CAG) has pulled up the Odisha Mining Corporation (OMC) for spending less than 10% of its Corporate Social Responsibility (CSR) funds to develop mining areas while spending more in non-mining sectors.   Between 2010 and 2014, the annual spend ranged from 2-9% of the CSR funds CAG pointed out in …

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Companies getting more generous with CSR Spends

Power Finance, National Mineral Development Corporation, Tata Steel, NTPC and Reliance spent more than their prescribed CSR budgets in FY 2015/16, according to the India CSR Outlook Report (ICOR). In FY 2014/2015, only Reliance Industries had spent more than its prescribed CSR budget, among the top 10 performers. The report, published by NGOBOX, analysed the …

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How to Run a Socially Responsible Business That’s Not Phony

Giving back to the community or a cause your employees are passionate about can be an invaluable part of your company’s culture — instilling a sense of purpose and bonding your team together.   But because building a healthy sustainable business is a full-time job in itself, incorporating social good in on top of that …

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India Inc putting CSR money in startup incubators

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 …

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