Many companies like Tata Consultancy Services Ltd and HDFC Bank Ltd fell short of the 2% target in fiscal 2015 When it came to meeting the stipulated expenditure on corporate social responsibility (CSR), smaller companies did better than large companies, shows a Crisil Foundation report.
Only half of the private companies are fulfilling corporate social responsibility obligations. The government-run public sector undertakings fare even worse. They might be making big bucks but when it comes to shelling out money for social causes, their actions don’t match the earnings.
In a period of little less than two years since the Corporate Social Responsibility law came into effect in April 2014, the entire gamut of CSR in India has taken a radical stride. Companies eligible under Section 135 of the Companies Act 2013 have embraced the law and initiated a number of CSR projects across …
Companies CSR funds should not be used as a source of funding government schemes, the Ministry of Corporate Affairs (MCA) has said, adding that such spending should have a larger multiplier effect.Allaying concerns in certain quarters that compulsory CSR spending under the Companies Act, 2013, could be used for funding government schemes, the Ministry has …
CSR fund should not be financing source for government schemes Read More »
In the past, social impact or corporate social responsibility (CSR ) was used by global corporations, energy companies and car manufacturers as a means of showing the world “we are doing the right thing.” In the world of business, the traditional perspective was always that you should first build a successful company and then think …
It’s Important To Assess Your Social Impact Before Launching A Startup Read More »
