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CSR ACT
Regulating charity without stifling it: The case for clearer rulesIndia's charity sector, vital for social needs, faces evolving regulations aimed at transparency. While scrutiny is accepted, current rules...- NSE Social Stock Exchange gets CSR boost as MCA clears corporate funding route. Check detailsIndia's Social Stock Exchange receives a significant boost. Companies can now channel a portion of their Corporate Social Responsibility sp...
- Govt amends CSR norms; provides more leeway for companiesCompanies can now invest up to ten percent of their Corporate Social Responsibility funds into special instruments. These instruments are c...
- Is India Inc's CSR truly driving systemic change or just shifting funds?Corporate India is entering a new phase of CSR. Spending is expected to cross ₹1.2 lakh crore by 2035. Companies are shifting towards syste...
- India should increase investment in R&D to 2 per cent of GDP: Niti AayogNiti Aayog has urged India to boost research and development investment to two percent of GDP within five years. The report suggests restor...
- Equitable distribution of CSR Fund is one of the key components of CSR strategies of Corporate India, says Bhaskar ChatterjeeBhaskar Chatterjee, architect of India's CSR Act, urged companies to prioritize innovation, impact assessment, and equitable CSR fund distr...
- Govt sanctioned prosecution in 366 cases related to CSR norms violations: Nirmala Sitharaman"Whenever any violation of CSR provisions is reported, action against such non-compliant companies are initiated as per provisions of the A...
- Companies spending on COVID jabs for individuals except staff to be considered CSR activityIn March 2020, the ministry had said that spending on COVID-19 would be considered as a Corporate Social Responsibility (CSR) activity.
- Over 530 companies may face action for CSR norm violationsThey also have to constitute a CSR committee of the respective board of directors and this panel would formulate and recommend to the board...
- Tata Power spends Rs 47.2 crore on CSR activities in FY16According to the statement, through this, the company reached out to more than 250 villages/urban pockets across 7 states, benefiting over ...
- Penalise firms not spending 2% of profits on CSR: Parliamentary PanelA Parliamentary panel has suggested to the government that it impose penalty on corporates for not spending mandatory 2 per cent of their n...
- Companies Act amendments likely for clarity on CSR normsA government-appointed high level panel recently submitted recommendations on CSR norms to the Corporate Affairs Ministry, which is impleme...
- Corporate affairs ministry to launch new platform to track companies' CSR spending soonThe government has also constituted a high-level committee to suggest measures for a “proper” assessment of CSR initiatives taken by compan...
- Multinational corporations seek clarity on CSR legal normsInconsistency between Companies Act and the CSR rules has made multinationals mull whether they are legally bound to follow norms on mandat...
- 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...
- CSR spending details to be available for government after September 2015The Ministry, which is implementing the Act, has received several communications about practical difficulties with regard to some provision...
- Government provides clarity on CSR activities under Companies ActUnder the new Companies Act, certain class of profitable entities are required to shell out at least 2% of their three-year annual average ...
- Government's onerous rules are compuding the vexed CSR burdenThe govt has issued onerous rules for the 2% of net profit that companies of a certain size are obliged to spend, under the new Companies A...
- Now companies to be ranked for their CSR performanceThe index, being prepared by the India Institute of Corporate Affairs and leading stock exchange BSE, would rank the companies in different...
- CSR won’t count employee benefitsCompanies which were hoping to fulfill their CSR obligations through the easy route of donations or activities are in for a rude shock.
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