Unspent amount at Rs 1,984 cr; Contribution to PM’s relief fund and other Central/state funds jumps 418 per cent. Mandated by regulation to spend at least 2 per cent of the average net profit (earned over the last three years) towards various social causes, India Inc spent Rs 8,345 crore as part of their CSR …
Corporate social responsibility: Spend up, still short of target Read More »
GTBank has always been heavy on CSR. The bank maintains a clearly defined Corporate Social Responsibility strategy with targeted focus on Education, Community Development, the Environment and Arts. The concept of Corporate Social Responsibility developed alongside the emergence of corporations more than a century ago and is now practiced by most companies and institutions around …
WorldView: How GTBank is redefining Corporate Social Responsibility Read More »
Gujarat may have been among the top states in terms of corporate social responsibility (CSR) spending by companies, but the state saw a mixed response from its public sector undertakings (PSUs) with regard to CSR expenditure in 2015-16. Four out of seven PSUs of Gujarat government could not spend the prescribed amount -2% of the …
Gujarat PSUs fail to spend prescribed amount on CSR Read More »
Prime Minister Narendra Modi is stressing on developing the skills sets of the youth and India Inc is going the whole distance to achieve that goal. The top 250 listed companies spent Rs 2,073 crore on 1,200 projects in skills sector as part of their corporate social resposibility (CSR) expenditure, according to the India CSR …
Should entrepreneurs focus solely on growing their business or also be concerned about social causes such as sustainability, women’s empowerment, equality or the local economy? Some people argue very passionately that the “business of business is do business” and everything else is an avoidable distraction.
