Page 2 - Csr Spending

Corporate spending patterns may change as pandemic chaos hits CSR hard

Talks with key executives in listed firms reveal diversion from existing plans such as supporting cancer hospitals, towards giving all the money under their budget to help deal with pandemic

Donations by companies to PM-CARES Fund notified as CSR, says govt

Finance Minister Nirmala Sitharaman had tweeted on March 29 that CSR Funds can now donate to PM CARES Fund

How Indian companies are contributing to the war against coronavirus

Corporate India is donating crores of rupees, supplying medical equipment and opening hospitals. Here's a look at some of the Business Groups that have opened their purse strings

CSR in the time of coronavirus

PM-CARES offers a handy panacea for CEOs' CSR headaches

Covid-19: Contribution by firms to PM-CARES Fund to qualify as CSR spending

The corporate affairs ministry, which is implementing the companies law, has issued a memorandum clarifying that money donated by corporates to the fund would be considered as CSR expenditure

CSR spending: Rise in number of firms going beyond 2% mandate, says report

Companies who are not required to spending allocating budgets for CSR are spending

CSR initiatives: 44 listed firms included cows in charity work since FY15

It's now five years since CSR was made mandatory under the Companies Act, 2013

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

CSR expansion to boost research impact, rankings for public universities

Scope of CSE spending extended to public funded universities, IITs, national labs and autonomous bodies engaged in research in science, technology, engineering and medicine

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

No jail for CSR violation: FM Nirmala Sitharaman to business leaders

In meet with Sitharaman, industry seeks Rs 1-trillion stimulus package and lower lending rates

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)

Social projects bypassed as firms spend CSR funds to curry favour with govt

A disaggregated look at the spending leads to the disturbing conclusion that CSR funds are becoming subject to political pressures

Bulk of CSR spent on developed states; Maharashtra, Karnataka top the list

A fifth of CSR spends between 2014-15 and 2017-18 was spent in Maharashtra, Gujarat, and Karnataka

CSR spends have a geography problem as charity begins and ends at home

Funding is largely limited to states where industry is concentrated; those with low industrialisation are likely to have been starved of critical funds

Make CSR effective

Deferment of expense beyond a year can't be allowed

Total CSR spend by top Indian companies may cross Rs 500 bn by March 2019

The government in 2014 made mandatory for companies to spend 2 per cent of their three-year average annual net profit on CSR activities in each financial year, starting from FY15

Centre plans to make 2% CSR spending mandatory for Life Insurance Corp

LIC Act does not have CSR provisions; the corporation had a surplus fund over Rs 440 billion

Companies spent Rs 16.51 billion towards CSR works in Odisha

Education and Skill Development, Rural Development and Health Care categories have received the maximum allocations under CSR

One in three BSE 100 firms falls short in CSR spending

Corporate affairs ministry sending notices seeking details of fund disbursal