Under the Companies Act, 2013, a certain class of profitable companies is required to spend at least 2 per cent of their three-year annual average net profit towards CSR works in a fiscal. The norm came into effect on April 1, 2014. Companies spent about Rs 476 crore towards ‘Swachh Bharat Kosh’ as part of …
Companies spend Rs 476 cr under Swachh Bharat Kosh as CSR initiative Read More »
Fast-growing, mid-sized family businesses around the world have identified corporate social responsibility (CSR) as an important element for their success, according to a joint report by Citi Private Bank and UK-based family business information provider Campden Wealth Research. The report, entitled The Top 50 Global Challengers, released last week (March 30), profiles 50 fast-growing family …
CSR a key element for success at top family businesses Read More »
In his groundbreaking 1962 opus Capitalism and Freedom, economist Milton Friedman famously claimed that the “one social responsibility of business [is] to increase its profits so long as it stays within the rules of the game.” Friedman expanded on that idea in a popular 1970 piece for The New York Times, pointing out how a …
The reason your business should have a CSR strategy Read More »
A new generation of Indian business leaders is busy changing the perception that business is antithetical to societal needs. Just how deep is the transformation? With the mandatory spending on corporate social responsibility (CSR) reduced to just another ineffectual piece of legislation, a mindset change that entails looking at CSR as an opportunity for growth …
The changing attitudes towards corporate social responsibility Read More »
Under the Companies Act, 2013, a certain class of profitable companies is required to spend at least 2 per cent of their three-year annual average net profit towards CSR works in a fiscal. The norm came into effect on April 1, 2014. Nearly 400 companies together shelled out about Rs 5,857 crore towards corporate social …
