Future Publishing Date : May 30, 2013
Interview of Aravind Sitaraman, President – Inclusive Growth, Cisco Systems…
MUMBAI: Economic Times reported that the ministry of corporate affairs is developing a reporting framework for corporate social responsibility (CSR), which could potentially be a game-changer for CSR in India, sources close to the development told. The government is formulating guidelines to classify what activity can be qualified as CSR and what expenditure can be [...]
The Economic Times reported that, the government is about to introduce a new Companies Bill — nearly 20 years in the making — as it takes a big step towards improving transparency and regulation of business houses in India. Efforts to overhaul the legislation have snaked through red tape but there is unlikely to be [...]
By Suresh Kr Pramar At a workshop on Skills Development a few months ago at Ranchi the Chief Minister Arjun Munda made a strong appeal to business houses to use their CSR budgets to provide the much needed relief for the urban and rural populations, particularly tribals, of the state. Arjun Mundaa stressed on the [...]
NEW DELHI: It has reported that the public sector could have more stringent set of corporate social responsibility (CSR) norms. State-controlled enterprises would now have to take up specific projects directed towards CSR. The new Companies Bill, which is currently with the standing committee of Parliament, has outlined that all profitable companies-public and private must [...]
NEW DELHI: Terming the new Companies Bill as “visionary”, especially in the trying times for the corporate sector in view of slowdown in growth, industry experts said the government move of introducing it in Parliament today was a welcome step. “The structure of the Bill is contemporary and sound and the way it seemed to [...]
NEW DELHI: The Government today introduced the new Companies Bill, retaining some contentious provisions like 2 per cent yearly spend on CSR activities and a fix term for independent directors. According to the Companies Bill 2011, every company with a networth of Rs 500 crore or more, or turnover of Rs 1,000 crore or more, [...]
NEW DELHI: The Companies Bill 2011, introduced in Parliament, has strict expenditure and disclosure guidelines for CSR activities of companies though it falls short of punishing non-compliance. The Bill makes disclosure of CSR spend mandatory for companies with a net worth of Rs 500 crore or more, or turnover of Rs 1,000 crore or more, [...]
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