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New Rules for Independent Directors on Boards of PSUs Issued

Under the guidelines, independent directors are expected to arbitrate in the interest of the company as a whole NEW DELHI: The government has come out with a set of guidelines for independent directors on boards of PSUs, defining their roles and responsibilities aimed at improving corporate governance in state-owned companies. Earlier, the Department of Public [...]

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10 Corporate Buzzwords That Will Dominate 2013

10 Corporate Buzzwords That Will Dominate 2013

Economic Times reported that policy paralysis, spectrum auctions, coal blocks, cloud computing and cdr (corporate debt restructuring) were some of the catchphrases that dominated business discourse in 2012. what will it be in 2013? Here’s a list of 10 you will hear a lot about in the coming year. 1. Money Contrasting imperatives will bring [...]

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CPSEs Required to Double Minimum CSR Contribution from 2013-14

CPSEs Required to Double Minimum CSR Contribution from 2013-14

NEW DELHI: Top earning Central Public Sector Enterprises will have to double their minimum expenditure on corporate social responsibility (CSR) from beginning of 2013-14 fiscal, as per the new norms of the Department of Public Enterprises. “CPSEs earning net profit of over Rs 500 crore will have to raise their minimum expenditure on CSR to [...]

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New CSR Guidelines for Public Sector Firms Shift Focus to Ethics

NEW DELHI: New corporate social responsibility (CSR) guidelines for public sector companies emphasize on ethics and sustainability rather than on financing external projects, according to a draft paper posted on the department of public enterprises’ (DPE) website. The department will on Monday issue final revised guidelines that will be applicable from the next fiscal year, [...]

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CSR Spending: India Inc May Have to Spend Rs 10,000 cr Next Fiscal

CSR Spending: India Inc May Have to Spend Rs 10,000 cr Next Fiscal

NEW DELHI: India Inc may have to shell out about Rs 10,000 crore in the next financial year towards corporate social responsibility (CSR), if the proposed Companies Bill 2012 were to get enacted into law. Indications are that the CSR provisions in the proposed Bill will be operationalised from April 1. The Companies Bill 2012, [...]

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Govt to Double CSR Contribution of Top Earning PSUs

Govt to Double CSR Contribution of Top Earning PSUs

New norms expected to be finalised in few days and likely to be implemented from the beginning of FY14   NEW DELHI: Top earning PSUs like ONGC, BHEL and NTPC may have to double their expenditure on corporate social responsibility (CSR) as per the new draft guidelines being finalised by the Department of Public Enterprises [...]

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FIRs Against all the 87 Vanishing Companies and Their Directors

FIRs Against all the 87 Vanishing Companies and Their Directors

Mega Conference on Fly Ash Management Raipur, 17 Feb 2013 for Registration please contact rusenk@indiacsr.in Call: 9981099555 For detail information please visit: www.flyash.indiaflyash.com   INIACSR News Network NEW DELHI: The Ministry of Corporate Affairs had initially identified 238 companies as vanishing companies. Out of these, names of 151 companies have since been deleted from the [...]

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Auditors Beware, Satyam Scam Has Made us Smarter: Sachin Pilot

Auditors Beware, Satyam Scam Has Made us Smarter: Sachin Pilot

Corporate affairs minister Sachin Pilot has warned auditors against getting cozy with the management. NEW DELHI: Terming “cosy” relations between management and auditors of a company as key to accounting frauds, the corporate affairs minister Sachin Pilot has said that such a nexus would not be allowed anymore as lawmakers have become smarter after Satyam [...]

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Business Leaders Question Mandatory CSR

NEW DELHI: Indian Express reported that India Inc today reiterated its concern on the mandatory spending of at least 2 per cent on the corporate social responsibility activities. Rahul Bajaj, chairman of Bajaj Group, told that the government “succumbed” to the pressure exerted by the standing committee on finance and members of Parliament, who were [...]

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Listed Companies May Have to Spend Rs 8,000 Crore on Corporate Social Responsibility

Listed Companies May Have to Spend Rs 8,000 Crore on Corporate Social Responsibility

Listed profit-making companies could spend up to Rs 8,000 crore on CSR activities if they are able to hit a target of 2% of net profits, stipulated in the new Companies Act approved by the Lok Sabha on Tuesday. MUMBAI: Listed profit-making companies could spend up to Rs 8,000 crore on corporate social responsibility (CSR) [...]

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Comments

  • indiacsr: I want to participate in the programme. Kindly send me detail.