Page 4 - Corporate Social Responsibility

Just contributing money is not what govt expects through CSR, says Srinivas

What we urge upon you (companies) is proactive participation and not passive participation, said Corporate Affairs Secretary Injeti Srinivas

Aligning the CSR mandate

Corporations are careful to synchronise their social programmes with signals from the Union government

Stimulus package is a well-designed boost for economy: Chandrajit Banerjee

This is indeed a comprehensive package which shows that the finance ministry has been keeping its ears close to the ground

How social impact companies may help tap impact investment funds

The high-level committee on CSR recently released a report that recommended the creation of a new class of companies called social impact companies (SICs) under the CSR framework

CSR law flawed, India needs inclusive growth: US professor Aneel Karnani

There is no attempt by the government nor the press to even attempt to measure the outcomes

Breaking down companies

In today's world, who do companies really have to respond to?

Letter to BS: CSR committee wants non-compliance a civil offence

Replacing criminal responsibility with civil ones will ensure there is greater willingness from corporates to achieve a social objective

No jail, CSR non-compliance should be a civil offence: Govt-appointed panel

Recent policy had provided for a 3-year jail term for violations

Letter to BS: Jail term for CSR law violation is a retrograde step

According to a study by KPMG India, the expenditure on CSR by India's largest 100 firms stood at Rs 7,536. Rs 30 crore in the financial year ending 2018

An unnecessary law

Jail term for CSR law violation is a retrograde step

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)

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

17% of corporate social responsibility fund unspent among listed companies

The government is considering the option to punish directors of companies that do not spend the required amount in CSR activities, as mandated by law

Making CSR count

As spending rises, focus must shift to gauging its impact on the ground

Inheritance tax ensures large endowments for Western institutions: Jaitley

India too had this tax, but it was abolished by the Rajiv Gandhi government in 1985

CSR funds worth Rs 83.14 bn remained unspent over three financial years

In 2016-17, the prescribed amount was Rs 157 billion, while Rs 22.38 billion remained unspent

Unspent component of CSR funds rises to Rs 17.17 billion in FY18: Report

Only half of the 1,708 companies listed on NSE have a CSR committee in place despite the CSR Act mandating the same

Problematic mandate

Flaws inherent in the CSR law becoming apparent

How companies can make a more visible impact through CSR

Identifying causes that have strategic linkages with their businesses will be key to success

Centre does not favour micro management of CSR initiatives: Piyush Goyal

Action is taken against non-compliant companies after due examination of records