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CSR COMMITTEE
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...- 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...
- 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...
- 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...
- 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...
- 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
- 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.
- Govt does not micro manage CSR activities under cos law: Piyush GoyalAs per the law, a company has to constitute a CSR committee of its board and that would decide on the activities to be taken up.
- 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...
- Penalise firms not spending 2% of profits on CSR: Parliamentary PanelA Parliamentary panel has suggested to the government that it impose penalty on corporates for not spending mandatory 2 per cent of their n...
- Economic Times CSR Compendium: Ministers urge India Inc to help NGO effortsSuresh Prabhu said that if the management of India Inc and commitment of social activists were pooled, it could truly transform the social ...
- Panel suggests going easy on companies not complying with CSR provisionsA lenient view should be taken of companies not complying with corporate social responsibility (CSR) provisions underlined in Companies Act.
- 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.
- Government notifies rules for CSR activitiesVarious activities aimed at reducing inequalities faced by socially and economically backward groups have been included.
- Parliamentary panel asks government to ensure mandatory CSR spend by private firmsThe Committee has also expressed unhappiness on Steel Ministry's reply to it that so far there is no provision of CSR activities by private...
- Parliamentary panel for action against CIL officials for CSR fundsDismayed that world's largest coal miner CIL could spend barely 15 % of the funds earmarked for CSR, a parliamentary panel has recommended ...
- Companies need to improve disclosures on CSR expenditure: ReportCertain class of entities have to spend at least two per cent of their three-year average net profit towards Corporate Social Responsibilit...
- CSR activities should bring smile to people; not profit for cos: Sachin PilotCorporate Affairs Minister Sachin Pilot asked the companies to desist from spending on profit-earning activities to meet norms.
- Under utilisation of CSR funds by Coal India: Parliamentary panelStating that Coal India spent just Rs 82 crore out of Rs 553 crore alloted to it in FY'12 under corporate social responsibility.
- CSR not mandatory for private sector companies: MoilyThe government on Wednesday clarified that the new Companies Bill is not going to make spending on CSR activities mandatory for companies.
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