The reasons for not spending included companies not finding suitable implementing agency, delay in formation of CSR committee and inability to formulate a well conceived CSR policy. Government has issued show cause notices to 496 companies for not complying with CSR norms while about 4,195 companies have not spent a single penny on corporate social …
CSR: 4,195 cos spend nothing; show cause notices to 496 firms Read More »
Mysuru’s Deputy Commissioner D. Randeep has asked those companies and corporate houses having an annual turnover of Rs. 1,000 crore and above to use a portion of their net profit towards corporate social responsibility (CSR) initiatives. Speaking to The Hindu, Mr. Randeep expressed concern that some companies — having an annual turnover of Rs. 1,000 …
The total prescribed expenditure for 2014-15, as per norms of the ministry of corporate affairs , was Rs 11,883 crore. Companies spent a total of Rs 8,803 crore on corporate social responsibility (CSR)-related activities in 2014-15, as per the data released by the ministry of corporate affairs.
Companies interested in conducting sports activities for school students as part of their corporate social responsibility (CSR), must now abide by a new policy, which the Maharashtra school education and sports department framed and introduced last month. A government resolution (GR) issued by the department states that a framework for streamlining such projects was necessary …
New CSR policy for firms conducting sports activities for school students Read More »
Cynical practice has always been the root weakness of CSR, which grew into a form of enlightened behaviour as a legitimate extension of the art of public relations. Ethical Corporation, a UK-based organization in the business of providing news and research on sustainability, headlined this theme for a marquee event in London next June: “The …
