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CSR NORMS
CSR norm tweak to boost social stock exchangesCompanies can now allocate up to 10% of their annual CSR spending via zero coupon zero principal instruments from not-for-profit organizati...- 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...
- Stronger push for accountability: Evaluation tightened, faltering CPSEs to face strict penaltiesNew performance rules for central public sector enterprises have come into effect. Strict penalties will be applied for not meeting corpora...
- India's R&D punches above its weight, but grant delays and red tape hold back researchersIndia is an innovation 'overperformer' but its research systems lag behind. Improving 'ease of doing R&D' is crucial. This requires faster ...
- Government introduces bill to amend companies, LLP laws; proposes changes in CSR normsThe government has proposed significant amendments to company and LLP laws to boost ease of doing business. Key changes include decriminali...
- Social audit of CSR spend may become mustOfficials in the Ministry of Corporate Affairs (MCA) said the social audit will begin with public sector undertakings (PSUs) and then exten...
- Charity the Buddha wayAre CSR norms being followed just as ‘compliance burden’? Are CSR norms being adhered to out of fear of law? Is CSR activity being projecte...
- Govt may tighten disclosure norms for CSR spendingA high-level panel on CSR is likely to propose increased disclosures to bring transparency in spending on these activities.
- Companies spent Rs 28,000 crore towards CSR works in nearly 3 yearsIn the current fiscal till November 30, a total of Rs 4,719 crore was spent while the total money shelled out towards CSR works touched a h...
- Little more nudging needed to ensure CSR norms compliance: OfficialWithout divulging any specific plans, he said the ministry would like to remind companies about not being compliant.
- 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...
- CSR: 4,195 companies spend nothing; show cause notices to 496 firmsThe reasons for not spending included cos not finding suitable implementing agency, delay in formation of CSR committee and inability to fo...
- Corp Affairs Min to hold sensitisation workshops on CSR normsThe move comes against the backdrop of instances of discrepancies in data and lapses being noticed by the Ministry with regard to complianc...
- ICAI issues norms for CSR accounting by companiesCompanies meeting certain financial criteria such as a net worth, turnover or net profit of at least Rs 500 crore, Rs 1,000 crore and Rs 5 ...
- 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...
- 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...
- Arun Jaitley-led corporate affairs ministry rejects proposal by finance ministry over banks' CSR normsCorporate affairs ministry has rejected a proposal by finance ministry to exempt banks from 2% mandatory CSR norms owing to their capital c...
- Companies have to comply with CSR norms: GovernmentNirmala Sitharaman said the Companies Act, 2013 came into operation this year only and the government was watching the spendings under CSR.
- EWS housing, rural development to qualify for CSR norms: GovtBesides, slum re-development projects will also be covered under "measures for reducing inequalities faced by socially and economically bac...
- 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...
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