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IN KIND CSR CONTRIBUTIONS
Par panel makes various recommendations on corporate laws amendment billA parliamentary panel proposed fixed penalties for certain corporate non-compliances. It suggested allowing in-kind CSR contributions for s...- Axis Bank partners with BITS Pilani to establish Rs 100 crore industry research, tech and innovation parkAxis Bank has partnered with BITS Pilani to establish a Rs 100 crore Industry Research, Technology & Innovation Park at its Hyderabad campu...
- India Inc's CSR spends on sports likely to surge in next few yearsThe foundations of several companies, such as the Reliance, Tata Steel, JSW, Hindustan Zinc and SKF India, have been supporting sports as p...
- CSR spends on Covid may land companies in a tax tangleThe government recently allowed companies to categorise certain Covid related expenditure as CSR. These include creating health infrastruct...
- Industries should spend funds on CSR activities to help build a better India, says MoS ThakurThe minister also requested the industry to create more awareness to contain pollution of rivers and also help the government in its fight ...
- Donations by firms under PM-CARES to qualify as CSR activityThe ministry of corporate affairs (MCA) notified the inclusion of contributions to the PM CARES Fund in the section relating to company act...
- FinMin officials, banks, FIs contribute Rs 430 crore to PM CARES FundThe contributions include one day’s salary of employees and funds donated as part of the corporate social responsibility (CSR) obligations ...
- Companies can fulfil CSR obligations by donating to PM CARES: Corporate Affairs ministryThe emergency fund was created by Prime Minister Narendra Modi on Saturday after his office received numerous requests from people for dona...
- Corporate affairs ministry to count funds spent to tackle Covid-19 under CSR activity“Keeping in view of the spread of novel Coronavirus (COVID-19) in India, its declaration as a pandemic by the World Health Organisation (WH...
- FCRA waiver for swachh bharat to attract clean foreign moneySuch caution towards corporate contributions to the Swachh Bharat Mission is also evident in a revised 'framework of engagement' with PSUs ...
- Rajiv Pratap Rudy asks corporates to contribute to skilling initiativesRudy said India has focussed in the domain of education for many years and needs to now place focus on skilling people and creating jobs
- Indian cos may go dutch to meet CSR norms, maximise impact of social joint venturesState-run REC has decided to contribute about Rs2 cr to a literacy project which was already receiving funds from GAIL (India).
- Finance Ministry not in favour of tax sops for CSR in backward regionsThe Finance Ministry is not in favour of giving tax benefits to businesses for their social welfare spendings in backward regions as said b...
- CSR clause is a breakthrough initiative in CSR arena: Puja Marwaha, CEO, CRYIn an interview with ET, Ms Puja Marwaha, CEO, CRY (Child Rights and You) shares her views on corporate social responsibility (CSR) in India
- Ministry of Corporate Affairs writes to Chattisgarh government on CSR policyMinistry of Corporate Affairs has written to the Chattisgarh govt on the state's proposed CSR policy.
- We are creating data base of independent directors: Sachin PilotIndia is perhaps the first country in the world to have CSR in a statute and it has been well received by corporate India.
- CSR: An effective tool to retain employeesOrganisations encourage employees to design and participate in their CSR activities to engage them beyond just work.
- Don't treat CSR as an additional tax: Govt to companiesNew Companies Bill proposes that firms would need to spend 2 pc of profits on CSR, unless they have a reasonable reason for not doing so.
- New Companies Bill will give flexibility to form SPVs, units: YM Deosthalee, L&T FinanceBy and large the bill is reasonably well drafted and the provisions are progressive. The only thing is it has got tremendously delayed.
- Need to have social audits of CSR activities by PSUs: SCOPEEmphasising the need to have more checks and balances, PSUs apex body SCOPE said there is a need to have social audits of such activities.
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