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CSR OBLIGATIONS
Low-flying aircraft damages another house near Kochi airport; CIAL explores compensation, DGCA seeks reportA house near Cochin International Airport suffered damage from a low-flying aircraft. This marks the third such incident in a year. Cochin ...- 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...
- 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...
- 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 ...
- PM Internship Scheme eases rules for firms & individualsThe government is broadening the PM Internship scheme. New sectors like semiconductors and renewable energy are now included. Companies can...
- NCLAT grants exemption to 50 IL&FS's red & amber companies from CSR obligationsThe NCLAT has granted an exemption to certain IL&FS Group companies from corporate social responsibility spending. This waiver applies to '...
- 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...
- 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...
- Govt amends rules governing corporate social responsibilityUnder the Companies Act, 2013, certain classes of profitable companies are required to spend at least 2 per cent of their average net profi...
- MCA amends CSR policy to allow multi-year projects and focus on impact assessmentThe corporate affairs ministry notified changes to the corporate social responsibility (CSR) rules on Friday to allow companies to undertak...
- 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...
- What Covid-19 contributions get qualified as CSR expenditure. Here's the complete listThe FAQ clarifies that contribution made towards the PM Care fund qualifies as CSR, funds given to Chief Minister's Relief Fund does not qu...
- Govt clarifies on company's contributions to PM CARES Fund above CSR limit“Even if you have contributed the prescribed amount towards CSR, I would like to urge you to contribute over and above the minimum prescrib...
- MCA plans to make geotagging of CSR projects mandatoryThe move comes after govt introduced penal provisions to deal with CSR violations.
- Government issues preliminary notices to 272 companies for CSR violationsUnder the law, certain class of profitable entities is required to shell out at least 2 per cent of their average three-year annual net pro...
- HCL Foundations commits Rs 100 crores over five years through HCL GrantHCL Foundation, the not-for profit arm of the HCL group has committed a sum of Rs. 100 crore over the next 5 years through a new initiative...
- 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.
- 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.
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