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CSR SPENDS ON SPORTS
46 pc of CSR spends in Maharashtra, aspirational districts need more attention: CrisilMaharashtra attracts almost half of India Inc's corporate social responsibility spending. However, the nation's most underdeveloped 'aspira...- CSR spend trebles in a decade, education & health get lion's shareIndia Inc's CSR spending surged threefold to ₹34,909 crore by 2023-24, but remained concentrated in education and healthcare, accounting fo...
- Time to widen CSR's playing fieldThe Union cabinet has approved Rashtriya Khel Niti 2025. The policy emphasizes private sector involvement through CSR and PPP models. Corpo...
- Global recognition race drives CSR spend on sports, artIndia Inc increased CSR spending on non-traditional segments like sports, art, culture, and women empowerment by 68% to ₹1,800 crore in 202...
- India Inc's CSR spends on sports likely to surge in next few yearsThe foundations of several companies, such as the Reliance, Tata Steel, JSW, Hindustan Zinc and SKF India, have been supporting sports as p...
- How CSR funding in sports can accelerate changeBetween 2014-15 and 2020-21, the annual growth rate of funding for sports CSR activities has matched that of overall CSR at 27%. While prom...
- India Inc’s FY21 CSR spends to be dominated by COVID-19Spends by the BSE 100 companies continue to be project-driven; not necessarily linked to company profitability. This year’s spend pattern f...
- Report on CSR violation being fast-trackedThe panel - headed by corporate affairs secretary Injeti Srinivas has suggested that the government classify offences under CSR provisions ...
- Government won’t go ahead with new CSR rulesDecision follows suggestions by a panel which wants breaches to be treated as civil offences, backs penalties
- CSR spend tops Rs 50K-cr during FY15-18: ReportThe Companies Act, 2013 makes it mandatory for businesses with Rs 500 crore in annual revenues to set aside 2 percent of their profit for s...
- CSR expenditure increases 11% to Rs 10,030 crore in FY18The top spenders in terms of absolute CSR expenditure were Reliance Industries, ONGC, Tata Consultancy Services, HDFC Bank, Indian Oil Corp...
- CSR spending on environment, women empowerment declined in 2015-16Under CSR act, companies need to spend at least 2% of its average net profit for the immediately preceding three financial years on corpora...
- India Inc spent more on CSR in 2016, says KPMG studyActual spends on CSR activities by Nifty 100 cos that the survey included were more than Rs 6,500 cr for FY 2016 versus a little over Rs 5,...
- Reliance Industries tops CSR spending chart: GovernmentReliance Industries shelled out Rs 760.58 crore on CSR followed by ONGC (Rs 495.23 crore), Infosys (Rs 239.54 crore) and TCS (Rs 219 crore).
- Top 75 companies spent Rs 4,000 crore on CSR in 2015The government expects total spending in the first year to top Rs 9,000 crore and rise substantially in coming years, a government official...
- Relief material can count as part of companies 2 per cent CSR spendA number of power, cement, food processing, agricultural and pharmaceutical companies have operations in the hill states that are regularly...
- 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.
- Sports Ministry revises Rashtriya Khel Protsahan Puruskar planThe companies can now spend on promotion and development of sports from the funds earmarked for Corporate Social Responsibility (CSR).
- Promotion of certain sports activities is CSR: GovernmentSitharaman said that the companies "are at a preliminary stage of undertaking CSR activities like setting up of CSR Committees.
- Ministry of Corporate affairs developing a reporting framework for CSR activityThe new Companies Bill, passed in the Lok Sabha in December, made it mandatory for firms to report on how much they spend on CSR every year.
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