A Parliamentary panel has suggested to the government that it impose penalty on corporates for not spending mandatory 2 per cent of their net profit on CSR activities. Currently, the penalty can be imposed for non-disclosure of CSR as per the Companies Act 2013, reports PTI.“There is penalty for non-disclosure, there should be penalty for …
Penalise firms if they fail to spend 2% of Profits on CSR Read More »
Vodafone India wants to double the impact of its corporate social responsibility (CSR) programme. Last year, around 50 employees volunteered for CSR initiatives, working for eight weeks at 25 NGOs and impacting about 1 million lives. “This year we are looking at impacting almost double of last year (2 million lives). In fact, the target …
Vodafone India looks to double impact of CSR programme Read More »
Times are tough for many local businesses and they should, understandably, be expected to prioritise on generating profits for shareholders. But, focusing on profits alone and neglecting social responsibility is being short-sighted, says Jolandi Snyders, Marketing Manager at The Hope Factory.“Indeed a company does have the responsibility to ensure that the business is sustainable in …
Beyond profits: Companies have a big role to play in social responsibility Read More »
The stylish fashion brand for those in wheelchairs has become a champion for wheelchair accessibility.How much thought do you give to the process of putting on your clothes each day? Not what you’re going to wear, but the actual act of getting dressed? What about how you’re going to get into your local coffee shop …
The Companies Act of 2013 mandates a contribution of two per cent of post-tax profits of companies to corporate social responsibility (CSR) activities. There was much debate about the merits of this mandate, with critics seeing it as a back-door tax. While it is in a way, the fact is that a tax would go …
