More money is flowing into charity, thanks to rising social awareness and a law that makes it mandatory for firms to set aside more for philanthropy. There was a time when successful Indian companies spent a substantial amount of time strategising on new products, markets and profits, but the ‘giving’ part of the enterprise was …
Companies that are most successful in turning CSR into a business advantage do these three things well. For leading companies, corporate social responsibility has moved from the cubicle to the boardroom. While CSR once referred to philanthropy and volunteering that merely complemented the business, smart companies recognize that CSR can power their core strategies for …
What smart businesses know about corporate social responsibility Read More »
CSR committees at some of the top 100 firms, including TCS, HUL and Maruti Suzuki, met only once. The new companies law of 2013 took corporate social responsibility (CSR) from being a goodwill initiative to a boardroom staple, requiring firms to have a policy and strategy shaped by a CSR committee.Yet, according to a KPMG …
With an aim to further improve India’s ‘ease of doing business’ ranking, Corporate Affairs Ministry is gearing up for more changes in 2016 to the voluminous Companies Act and bring in further clarity on the CSR spending norms.Despite a number of changes this year to the Companies Act, 2013, which itself has replaced over 60-year-old …
More changes to companies law, clearer CSR norms likely in 2016 Read More »
Over 1,000 BSE-listed companies together shelled out Rs 6,400 crore towards CSR activities last fiscal, with funds going to education, health and other areas, says a report.The findings are based on an analysis of disclosures made by 1,181 BSE-listed companies, done by CII-ITC Centre of Excellence for Sustainable Development. These firms were required to comply …
BSE-listed companies spent Rs 6,400 crore on CSR in fiscal year 2015: Report Read More »
