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MANDATORY CSR SPENDING
Nithin Kamath reveals Zerodha's leadership secret: Why the broker rarely hires outsiders for top jobsZerodha founder Nithin Kamath says nearly all of the brokerage’s leaders have risen internally, with many joining early in their careers. H...- How you CSR, not what, matters: India's CSR mandate and the hidden cost for companiesIndia's statutory corporate social responsibility (CSR) mandate could impede authentic social engagement. By enforcing mandatory spending, ...
- Piyush Goyal urges innovators to build social solutionsPiyush Goyal encouraged innovators to create affordable, sustainable social impact solutions. He highlighted lake cleaning initiatives in h...
- Economic growth & quality of life must go hand in hand: Piyush Goyal"A society cannot develop just if the focus is on the economic aspects of society or economic growth. It has to be juxtaposed with the qual...
- JPC backs corporate law reforms, easier startup homecomingA joint parliamentary committee supports government plans to simplify corporate regulations and decriminalize minor offenses. The panel als...
- Ensure more bang for the CSR buckFor CSR spending to be leveraged and have impact, there must be a greater alignment between spending plans of individual businesses and nat...
- 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...
- PSUs, private entities not spending 2pc of profit in CSR activities in Assam: Assembly panelThe assembly panel in its report for the Industries Department for 2021-22 suggested that PSUs and private firms with production units outs...
- Total CSR spend may cross Rs 50,000 cr by March 2019: ReportThe total CSR spending by the top 500 companies in the country since the applicability of mandatory CSR in 2014 is likely to cross Rs 50,00...
- 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...
- Corporate shirking responsibility? Only 14 Nifty cos spent 2% of net gain on CSR in FY1548 companies spent a combined Rs 4,252 crore during FY 2015. This is a mere 1.6% of the standalone net profit earned by Nifty companies for...
- 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.
- Government makes Corporate Social Responsibility spending mandatory for public sector companiesBesides, these enterprises cannot include money spent on sustainable development efforts under the Corporate Social Responsibility (CSR) am...
- 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.
- Govt may apply stick on cos which do not spend money on CSR: Naina Lal KidwaiKidwai, however, asserted that spending on CSR should not be made mandatory by law but guideline approach is best thing to begin with.
- Listed companies may have to spend Rs 8,000 crore on Corporate Social ResponsibilityThe bill, which has to be passed by the Rajya Sabha before it becomes law, says that corporates ought to spend 2% of net profits on CSR act...
- 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.
- Azim Premji against law on mandatory CSR spendingWipro Chairman Azim Premji on Thursday came out strongly against the idea of formulating laws on mandatory spending by industry on corporat...
- Govt asks companies to proivide CSR reportsCompanies told to provide CSR details for last fiscal as govt mulls mandatory social obligations.
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