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Provisions Regarding Corporate Social Responsibility

Provisions Regarding Corporate Social Responsibility

INDIACSR News Network NEW DELHI: Clause 135 of the Companies Bill, 2011, inter alia, provides for the specified companies to spend at least 2% of the average net profits (of last 3 years) in pursuance of the company’s Corporate Social Responsibility (CSR) policy and in case of failure, to specify the reasons for not spending […]

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Hindustan Zinc to Adopt 92 Rural Schools in Rajasthan Under PPP, Spend Rs 3.35 Crore

Hindustan Zinc to Adopt 92 Rural Schools in Rajasthan Under PPP, Spend Rs 3.35 Crore

Educational Facilities in Government Schools to Improve – Company to spend Rs. 3.35 Crore under PPP Project. INDIACSR Bureau UDAIPUR: Vedanta’s group company, Hindustan Zinc has taken a major step in improving the facilities in rural government schools under the Public Private Partnership model with Rajasthan Government. Under this model, Vedanta Hindustan Zinc has signed […]

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Two Cheers for Companies Bill

Two Cheers for Companies Bill

By Lalit Kumar The proposed amendments on CSR and on regulation of private limited companies are quite excessive in scope. The recent reform announcements ought to shake the Indian economy and corporate houses out of their slumber, provided Parliament does not stop the government in its tracks. Opposition parties have raised an uproar in Parliament […]

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Special Purpose Vehicle To monitor CSR Fund and Projects

Special Purpose Vehicle To monitor CSR Fund and Projects

Corporate affairs minister proposes SPV for transparent & full use of funds NEW DELHI: According to a media report, Central Government is planning to have a Special Purpose Vehicle to monitor spending of CSR Fund and Projects. To discuss with corporate on the issue related full and effective utilization of CSR fund Newly appointed corporate […]

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National Body to Monitor CSR Funds, Project Execution Likely

National Body to Monitor CSR Funds, Project Execution Likely

Corporate affairs minister proposes SPV for transparent & full use of funds NEW DELHI: An independent mechanism may be put in place to ensure fair, transparent and full use of the funds earmarked by India Inc for corporate social responsibility (CSR) activities. New corporate affairs minister Sachin Pilot has proposed creation of an entity — […]

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Profit and Corporate Social Responsibility are Closely Linked, Says Report

Profit and Corporate Social Responsibility are Closely Linked, Says Report

Key findings revealed that profits and CSR are closely linked, and many businesses evaluate the relationship between these two variables when developing strategy. (The report is available with INDIACSR. Kindly send your interest to have a soft copy of report. rusenk@indiacsr.in) By Rusen Kumar New York based Corporate and investor relations firm Adam Friedman Associates […]

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Mandatory CSR with Safeguards Against Misuse by Politicians & Babus Necessary

Mandatory CSR with Safeguards Against Misuse by Politicians & Babus Necessary

By Suresh Kr Pramar My vote, as those of many who are active CSR Practitioners, is for mandatory Corporate Social Responsibility for companies, private, PSUs and Multi nationals, operating in India. Though many in India Inc. seem opposed to making CSR mandatory there are a growing number of people in the CSR Practitioners fraternity who […]

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Mega Conference on Fly Ash Management in Raipur on 17 Feb 2013

Mega Conference on Fly Ash Management in Raipur on 17 Feb 2013

INDIACSR News Network RAIPUR (Chhattisgarh):  INDIACSR, the largest Corporate Sustainability & Responsibility network in India, is organizing a mega Conference on Fly Ash Management “Wealth from Waste” in Raipur (state capital of Chhattisgarh, one of the fastest growing state in the country) at Hotel GT Star on 17 Feb 2013. The theme of the conference […]

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CSR-NGO South Regional Conference in Alliance University, Bangalore on 14-15 December

CSR-NGO South Regional Conference in Alliance University, Bangalore on 14-15 December

INDIACSR News Network BANGALORE: Social Responsibility has always been an inherent part of Indian philanthropy, be it cultural or traditional. However the social development sector has undergone a major changes and upheavals in terms of perspectives, interventions, innovations, experiments in relation to achieving MDG goals of the United Nations. Businesses and organizations in India have […]

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No Objection From Companies on CSR Norms in Companies Bill: Govt

PTI NEW DELHI: The Corporate Affairs Ministry on Monday said it has not received any objection from the companies to the provision of spending of at least 2% of net profit on corporate social responsibility (CSR) activities in the Companies Bill.   “The ministry has not received any communication from any company expressing reservations/objections about the […]

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