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CPSES CSR SPEND
CAG flags governance issues among central public sector enterprisesThe CAG flagged corporate governance lapses in CPSEs, noting that 26 of 71 listed firms had improper board composition, 55 lacked independe...- PM's Internship Scheme included in common theme for CPSEs CSR spend in FY25The Government has updated the CSR guidelines for CPSEs to include PM's Internship Scheme for 2024-25. CPSEs will spend 60 per cent of thei...
- CIL to invest Rs 35 cr in 25 oxygen plantsThese O2 generation plants will be set up in CIL’s own hospitals and in district hospitals where four of CIL’s subsidiaries operate. The co...
- Govt, CPSEs need to work together for development of 115 aspirational districts: Amitabh KantThe private sector, Kant said, will not invest in these districts unless the government and CPSEs work together for their development, as m...
- Non-compliance of government directives by CPSEs led to shortfall of Rs 9,417 crore in dividend: CAGAs per the norms, all profit-making central public sector undertakings (CPSUs) are required to declare a minimum dividend on equity of 20 p...
- PM Modi asks PSUs to come up with development roadmap in 100 daysCPSEs will now have to come out with a roadmap with "measurable targets" for strengthening state-run cos and promoting development activiti...
- Govt to assess impact of CSR activities undertaken by PSUsBesides, the study will assess development of areas around CPSE projects, units, factories and other parts of the country, including the No...
- 41 central public sector enterprises failed to comply with CSR norms in 2012-13: CAGA review of the CSR budget/expenditure by the CPSEs during 2012-13 was conducted in respect of 103 central public sector enterprises (CPSEs...
- Government makes Corporate Social Responsibility spending mandatory for public sector companiesBesides, these enterprises cannot include money spent on sustainable development efforts under the Corporate Social Responsibility (CSR) am...
- Government provides clarity on social welfare spending for public sector enterprisesUnder the Companies Act, 2013, certain class of profitable entities are required to spend at least 2% of their three-year average annual ne...
- Non-utilisation of CSR fund by PSUs unhealthy trend: Parliamentary panel"The committee regrets to note that some of the largest CPSEs in India are not utilising the funds earmarked for CSR activities.
- Government working on CSR reporting mechanism for public sector companiesThe move comes at a time when the new legislation on companies require private firms to spend at least 2 per cent of three-year average ann...
- CPSEs expenses on Uttarakhand relief work to be treated as CSRIn order to encourage state-run PSUs to undertake rehabilitation work in the flood affected areas of Uttarakhand, govt said such expenses w...
- 47 profit-making CPSEs fail to comply with CSR norms: CAGAs many as 47 profit-making CPSEs failed to comply with the Corporate Social Responsibility (CSR) norms prescribed by the government in 201...
- Government finalises CSR guidelines for public sector unitsAs per the guidelines, "the financial component/budgetary spend on CSR and sustainability will be based on the profitability of the company...
- CSR: Ten large PSUs managed to disburse less than half of target amountTen large PSUs, which were together mandated to spend 1,313 crore in FY12, managed to disburse less than half that amount
- CPSEs required to double minimum CSR contribution from 2013-14Top earning Central Public Sector Enterprises will have to double their minimum expenditure on CSR as per the new norms.
- CIL, ONGC, SAIL fail to utilise funds on CSR in FY 2012Blue-chip Central Public Sector Enterprises like Coal India, Indian Oil Corporation, ONGC and SAIL have not fully utilised their funds allo...
- CSR guidelines not mandatory for companies, says GovernmentGovernment has said it has not conducted any assessment to ascertain compliance on part of companies to various CSR guidelines.
- 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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