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CSR Communication-The Gap Revealed by Vijay Kapur & Enakshi Sengupta

CSR Communication-The Gap Revealed by Vijay Kapur & Enakshi Sengupta

Communicating CSR Effectively –A study of 23 Indian Companies in Eastern India. By Vijay Kapur & Enakshi Sengupta •   Companies revealed a very low CSR score. •   CSR in most companies are altruistic in nature. •   CSR did not lead to any value creation. •   CSR is not embedded into the core business strategy. •   [...]

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The Humbug of CSR

By forcing companies to set aside profits for developing social infrastructure, the government is sneaking away from its own responsibility Sundeep Khanna When the next big corporate scam breaks in India, chances are its genesis will lie in a seemingly-innocuous provision of the Companies Bill, 2011, set for passage by Parliament. Corporate social responsibility (CSR), [...]

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Philanthropy-Plus

Philanthropy-Plus

India Inc pitches for tax breaks on CSR spend CSR, an indication of government failure Proposed CSR norms still unspecific Cost and risk management CSR should not become a convenient excuse for the Government to abdicate the primary role of delivering growth and public welfare. India Inc is justified in demanding a tax deduction for [...]

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CII Welcomes Minister’s Statement to Involve Industry in Framing the Rules Related to CSR Provisions

INDIACSR News Network NEW DELHI: Mr Chandrajit Banerjee, Director General CII, welcomed Mr Sachin Pilot’s assurance that the Ministry of Corporate Affairs will consider and work with the Finance Ministry in allowing the 2 per cent post tax CSR spend for offset under the IT provisions so that this expense did not  tantamount to be [...]

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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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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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CSR: A Marketing Tool?

CSR: A Marketing Tool?

Coca-Cola’s Support My School initiative in India has been touted as one of the biggest CSR initiatives by corporate India and is beamed on NDTV with a lot of fanfare. Coca-Cola is not the only company that has effectively bundled, branded and communicated its CSR efforts; too many companies have started communicating their CSR efforts [...]

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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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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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