CSR

CSR: SBI giving Rs. 11 cr to PM Cares Fund for COVID-19 vaccination drive

In order to support next phase of government’s COVID-19 vaccination drive, State Bank of India (SBI) has decided to contribute Rs. 11 crore to the PM CARES Fund. Dinesh Khara, Chairman, SBI said, “It is at times of adversity that the true form of unity is tested, and we all can take pride in the efforts …

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UK says it will sell world’s first sovereign green savings bonds

The savings bonds will fund projects in areas such as renewable energy and clean transportation and will go on sale this year, the Treasury said. LONDON: Britain’s government plans to launch the world’s first sovereign green bonds for retail investors as part of its push to create a net-zero-carbon economy by 2050. The savings bonds will fund projects …

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‘Ignorance of rules, the major root cause for road accidents’

Despite penal laws and awareness programmes, people have not changed: HC In a significant order passed recently, the Madurai Bench of the Madras High Court observed that it was high time the stakeholders had a rethink on fixing the blame on drivers of big vehicles in road accidents involving big and small vehicles. The court …

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Battling climate change: Five simple steps we can take to mitigate its impact

Human activities like mining, oil extraction, use of fossil fuels and deforestation have caused the release of a massive amount of greenhouse gases into our atmosphere making it warmer.   16 of the 17 warmest years on record have been in the 21st century.  Instead of questioning whether climate change is happening or whether is …

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India: An Analysis Of The Recent Changes To India’s CSR Framework

WHAT HAS CHANGED? Corporates CSR Governance CFO certification on CSR fund disbursal and utilization.Frame a deeper, well defined and specific CSR policy.Broader roles and responsibilities of CSR Committees, including formulating an annual action plan. CSR Spends Consolidates erstwhile clarifications on excluded activities, while making exceptions for Covid-19 related R&D.Permission to acquire/create a capital asset, subject …

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