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CSR OBLIGATION IN INDIA
BHEL, SAIL at risk of losing Maharatna tagTwo major Indian public sector companies, BHEL and SAIL, face a one-year deadline to improve their financial performance. Failure to meet p...- Want higher health insurance coverage through super top-up policy? HDFC Ergo, Aditya Birla, ICICI Lombard, Niva Bupa, Care plans comparedRising healthcare costs necessitate enhanced coverage beyond base policies. Super top-up plans offer this crucial protection, acting as an ...
- CSR must include environment projects, says SCThe Supreme Court has ruled that corporate social responsibility (CSR) must encompass environmental protection, stating companies cannot be...
- Rework the CSR framework to incorporate a sliding scale of contributions and tax breaksIndian companies contributed nearly ₹30,000 cr to CSR in 2022-23, focusing on education and healthcare. There's a need for a more equitable...
- Unlisted firms climb up CSR spend listUnlisted companies in India spent nearly as much on corporate social responsibility (CSR) as listed firms in 2022-23, reflecting improved p...
- Follow your CSR monumental moneyThe Indian government has launched "Adopt a Heritage 2.0," a scheme that invites corporates to utilize their CSR funds to maintain heritage...
- GST ITC restriction on CSR spend: Why businesses are worried about potential challengesAs part of FY 2023-24 Budget proposals, the Union Finance Minister has recommended restricting ITC on goods or services used for meeting th...
- Why India Inc should explore social impact bonds for CSR activitiesTraditionally, companies spend their CSR funds by donating or engaging an implementing agency to further causes relevant to their businesse...
- 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...
- India Inc spent Rs 7,537 crore as CSR obligations in 2 months directed to address the Covid-19 pandemicThis included Rs 4,316 crore in donations to the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund. The remaining...
- 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...
- View: How mandated 'corporate social responsibility' can be wastefulIf a company just wants to create lots of jobs and pay taxes and dividends, don’t burden it with CSR duties.
- CSR non-compliance: Prosecution sanctioned in 366 casesIn 2014-15, as many as 16,785 companies shelled out Rs 10,065.93 crore towards CSR activities.
- 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 ...
- Narendra Modi-led government plans to penalise CSR defaulters under Companies Act 2013At present, non-compliance of CSR rule isn't penalized by the Companies Law, and those unable to spend can get away with some justification.
- Oil PSUs hired 4,200 people in FY'12; spent Rs 367 cr on CSRState-owned oil firms, led by ONGC and Indian Oil Corporation, hired over 4,200 people in 2011-12, Petroleum Ministry said today.
- Companies Bill may come up in Monsoon Session: MoilyThe government is not in favour of making the CSR obligations mandatory against the backdrop of stiff resistance from the corporates.
- India Inc's philanthropy: When charity is self-interestWhile clarity on the different concepts of philanthropy, CSR and investing for social impact is slowly diffusing into the collective consci...
- Govt asks companies to proivide CSR reportsCompanies told to provide CSR details for last fiscal as govt mulls mandatory social obligations.
- CSR of PSUs may be funded by 2-5% of their net profitCorporate social responsibility (CSR) for a state-owned firm would involve people-centric projects to be funded by 2-5 per cent of the comp...
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