Page 4 - Latest Updates on CSR
BPCL Jobs 2019: Apply for CSR professional, Chemist Trainee and other posts
Last date to apply for Chemist Trainee/General Workman-B (Trainee) - Petrochemical positions is August 5, 2019
 "BPCL Jobs 2019: Apply for CSR professional, Chemist Trainee and other posts")
India Inc worried over three-year jail provision for violation of CSR norms
According to new CSR norms, a company has to earmark a part of its profit towards social activities and transfer all unspent amount into an escrow account (if it is an ongoing project)
 "India Inc worried over three-year jail provision for violation of CSR norms")
Bill to fine firms over corporate social responsibility tabled in Lok Sabha
The Bill also seeks to empower the Centre to debar directors responsible for mismanagement for five years after approval from NCLT
 "Bill to fine firms over corporate social responsibility tabled in Lok Sabha")
Govt likely to water down conditions for prosecution under CSR rules
The move to dilute prosecution norms could be viewed distinctly from the govt's efforts to tighten the screws on CSR
 "Govt likely to water down conditions for prosecution under CSR rules")
Companies CSR expenditure rises 47% in 4 years to FY18, says survey
The cumulative expenditure by top 100 companies from 201415 to 201718 is about Rs 263.85 billion
Letter to BS: Flaws inherent in the CSR law becoming apparent
If the law permits CSR money to go to build a statue and not benefit the common man, then there is need to change the law
Listed companies' CSR spend tops Rs 100 billion in FY18, says report
An analysis of figures from PRIME Database showed education topped the list of spends by category
How serious is the problem of non-compliance of the CSR provisions?
Experts said impact measurement of the projects should be made mandatory
Govt issues notices to 272 firms for non-compliance with CSR norms
Under the Companies Act, 2013, certain class of entities is required to spend at least 2 per cent of their three-year average net profit towards CSR activities
CSR: Companies spend Rs 47.19 bn in first eight months of this fiscal
Out of that amount, Rs 33.93 billion was spent by private sector companies while Rs 1,325.83 crore came from public sector undertakings
The case for private firms to go beyond CSR is compelling
Globally, organisations are moving towards triple bottom-line accounting
Doing good and doing it well
Reading most annual reports will convince you that firms have adopted CSR unreservedly
 "Doing good and doing it well")
Story in numbers: PSU spending on CSR up 48%
Report by BVSS shows PSUs' CSR spending went up over Rs 1,900 cr in 2015-16
 "Story in numbers: PSU spending on CSR up 48%")
400 companies spend Rs 5,857 crore in 2 years towards CSR
Assessment of CSR expenditure of 172 companies indicates that firms spent Rs 3,360 cr in 2015-16
Govt issued notices to 1,018 firms for CSR non-compliance
Congress leader Veerappa Moily accused that figures on CSR expenditure are quite disturbing
CSR spending helps rural masses to double their income, says Arun Jaitley
CSR, if adequately implemented in 2014-15, should have seen investment of Rs 14,000 crore
 "CSR spending helps rural masses to double their income, says Arun Jaitley")
India Inc's CSR spending up 22% in FY16 at Rs 8,300 cr: Study
Larger companies spent significantly, with more than half of them adhering to 2% mandate
Clean India Mission: Three PSUs spend more than private sector on CSR
MCA data also shows 58% cent of companies didn't spend anything on any form of CSR in 2014-15
 "Clean India Mission: Three PSUs spend more than private sector on CSR")
Over 530 companies may face action for CSR norm violations
Collectively, 3,139 companies have spent a total of Rs 8,803 crore on various CSR initiatives
Nifty 50 companies' 2016 CSR spending rise by 27%
Companies spent around Rs 5,082 crore or 92.7% of the mandated Rs 5,478 crores on CSR activities
 "Nifty 50 companies' 2016 CSR spending rise by 27%")
