With completion of a year for enactment of new Companies Act and notification of rules for Corporate Social Responsibility (CSR) spending, a lot of action is expected on the grounds in the current fiscal. In an interview, Dr Bhaskar Chatterjee, director general and CEO of Indian Institute of Corporate Affairs, Ministry of Corporate Affairs, explains …
Creating enabling environment for CSR spending in India Read More »
Corporations near and far believe that giving back to the community is an important portion of a company’s responsibility as it does business.Aside from achieving KPIs, generating profits and delivering dividends, companies believe it is utmost important to engage with the local community and provide assistance when needed.This is especially the case if the company’s …
On September 13, 1970, Milton Friedman launched a no holds barred attack on corporate social responsibility in the New York Times, mocking the idea of business possessing a social conscience. Forty-three years later, the Government of India passed the Companies Act, 2013 and made it mandatory for businesses above a certain profit margin to engage …
Setting the Compass for CSR in India – 5 key directions Read More »
Companies can spend up to 5% of their total CSR fund in building CSR capacities of their own personnel or those of implementing agencies As companies prepare to file their annual reports and include the last financial year’s corporate social responsibility (CSR) expenditure as required by the Companies Act, 2013, more loopholes and grey areas …
It is March 30th 2015. India Inc. has reached the end of the first financial year to implement the CSR Rules as per the revised Company Law, Schedule VII, 2013. And as we talk, right at this moment, some of the corporate are anxious about what to do with the pending CSR spends in the …
