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COMPANIES CSR SPEND
Tata Trusts to hike philanthropic spending to Rs 2,000 cr this fiscal, CEO hits back at 'chaos' narrativeTata Trusts will boost its charitable spending to Rs 2,000 crore this fiscal year. CEO Siddharth Sharma highlighted the trusts' commitment ...- NSE to route 10% of CSR spending through Social Stock Exchange after regulatory green lightNSE will channel 10% of its annual CSR corpus through the Social Stock Exchange, becoming an early institutional adopter of the platform. T...
- Karnataka to set up NRI, public grievance departments; eyes overseas investmentsKarnataka is establishing new departments for Non-Resident Indians and public grievances. Chief Minister DK Shivakumar aims to boost NRI in...
- 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...
- 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...
- Groww Q4 Results: Profit soars 122% YoY to Rs 686 crore, cashing in on market crash and Iran warGroww Q4 Results: Groww's parent company, Billionbrains Garage Ventures, announced a significant 122% year-on-year profit increase to Rs 68...
- CSR spends up but aspirational districts fail to get bigger shareCorporate social responsibility spending by Indian companies has surged significantly over the last decade. However, a recent study reveals...
- 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...
- 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...
- Companies looking to channelise CSR spend into researchSitharaman had last month announced that India Inc can now use their CSR spending on publicly funded incubators and contribute to research ...
- Companies face penalty for not meeting CSR spendAlthough the new rule is expected to be applied with prospective effect, it is unclear if a case can be made out against the IL&FS director...
- CSR spending of Indian companies rises by 14% in 2 fiscals: SurveyThe survey said more number of corporates are using non-government organisations (NGOs) as implementing agencies for CSR spending.
- 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,...
- Companies' CSR spend hit Rs 8,300 cr in 2015-16: ReportThe report said that in 2015-16, as many as 1,505 companies, or 30 per cent of the 4,887 entities listed on the BSE, met the CSR spending c...
- Government seeks CSR spending information under companies lawUnder the Companies Act, 2013, certain class of profitable entities are required to shell out at least 2% of their three-year average annua...
- 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...
- 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...
- 'Eight Indian companies in Fortune 500 spend $81 million/year on CSR'In UK, 26 companies spend more than $ 2 billion on CSR, eight Australian firms spend $ 980 million and eight Spanish firms spend $ 648 mill...
- Government to modify CSR spending clause in Companies Bill: Corporate Affairs Minister Veerappa MoilytiGovt said it will modify the provision in Cos Bill regarding two per cent CSR spending to ensure that corporates earmark funds for such a...
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