Allowing top companies to fund incubators through the corporate social responsibility (CSR) obligation can help in promoting the startup ecosystem in a big way. Given the mandatory CSR spending of 2% of the net profit by the India Inc
Corporates with only clean antecedents and high credibility welcome to partner with Swachh Bharat Abhiyan under CSR The Modi government wants only corporates with clean antecedents and good reputation to contribute to the Swachh Bharat Mission.
SCOPE, apex body for central public sector enterprises, today “strongly” advocated accountability check of NGOs that are getting funds from PSUs for activities related to corporate social responsibility. He also emphasised on the need for social audit in all such cases. Speaking at a seminar on ‘Relevance of CSR: PSE Perspective’ U D Choubey, Director …
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THAILAND came first among Asean countries in a survey on corporate social responsibility by the respected National University of Singapore (NUS) and Asean CSR Network, it was revealed. “The findings were surprising to many people who thought Singapore would take the top place,” said Professor Lawrence Loh, director of NUS Business School’s Governance Institute.
The government has asked the country’s top 50 companies to fund incubators as part of their corporate social responsibility (CSR) spend, a move meant to strengthen the startup ecosystem. Large companies have to allocate 2% of their profits towards CSR but have competing demands – from building toilets to funding education.
