It’s 2016, and the times, they are a-changin’. So is the way we do business and the way companies present themselves to their customers.Ten years ago, only a handful of Fortune 500 companies issued sustainability reports. Now, a large number of businesses — large and small — have integrated corporate social responsibility as part …
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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 …
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