Over the barrel: Why we need new thinking on CSR
The Act was gazetted in 2014 and, since then, according to the ministry of corporate affairs (MCA), the companies have spent Rs 5,922 crore, Rs 7,549 crore and Rs 8,446 crore in 2014, 2015 and 2016, respectively, on eligible CSR activities. The Companies Act, 2013, mandates that Indian corporates, public and private, must allocate at …
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