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CSR Will Not Help Society if Companies Make Profits by Corrupting Political Brass: Arun Maira

CSR Will Not Help Society if Companies Make Profits by Corrupting Political Brass: Arun Maira

NEW DELHI: Spending money on corporate social responsibility activities will not benefit the society if companies make profits by “corrupting” the political brass and damaging the environment, according to Planning Commission Member Arun Maira. He said the level of people’s trust in both public and private institutions are declining worldwide. “If you keep making profits [...]

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Govt Seeks to Make CSR Spending Mandatory for Companies

Govt Seeks to Make CSR Spending Mandatory for Companies

NEW DELHI: With an aim to improve corporate governance, the government today approved various amendments to Companies Act, including mandatory earmarking of funds by companies for Corporate Social Responsibility (CSR) spending. As per the amendments approved by the Union Cabinet this evening, the companies would also have to give preference to the local areas of [...]

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Funds under Corporate Social Responsibility

Funds under Corporate Social Responsibility

INDIACSR News Network NEW DELHI: As per available information, the Government has not received any type of funds under Corporate Social Responsibility (CSR) heads from the industrial companies of public and private sectors. The Government has released the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business in July, 2011. These guidelines are [...]

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Why it is a Good Idea to Mandate Corporate Social Responsibility By Harsh Goenka

Why it is a Good Idea to Mandate Corporate Social Responsibility By Harsh Goenka

Some say CSR should not be made compulsory. But actually, it should be mandatory for the first three to five years. Thereafter, the momentum will be self-sustaining. The draft of the Companies Bill, 2009, had linked CSR expenditure to net profit. While there will be tax breaks, there will also be an impact on profit. [...]

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Chhattisgarh Mandates Corporate CSR Spending

Chhattisgarh Mandates Corporate CSR Spending

The Chhattisgarh government move goes against the very grain of the CSR concept followed all over the world. All definitions of CSR strongly stress on the fact that it is voluntary. Even in countries where statutory provisions have been made the selection of activities and their implementation is left with the company. Even in India [...]

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CSR Guidelines Not Mandatory for Companies: Govt

CSR Guidelines Not Mandatory for Companies: Govt

It is not mandatory for the corporate sector to spend 2% of the companies’ profit on CSR activities, says Moily NEW DELHI: The government today said it has not conducted any assessment to ascertain compliance on part of companies to various corporate social responsibility (CSR) guidelines. Apart from certain guidelines for the central public sector [...]

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Corporate Social Responsibility Policy

Corporate Social Responsibility Policy

INDIACSR News Network NEW DELHI: Department of Public Enterprises (DPE) issued guidelines on Corporate Social Responsibility (CSR) for Central Public Sector Enterprises (CPSEs) in April, 2010 and these Guidelines are applicable only to the Central PSEs.  As per these Guidelines, the CPSEs may undertake projects or activities in the periphery where company carries out its [...]

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Is CSR a Good Career Option ?

Is CSR a Good Career Option ?

Awareness of corporate responsibility among the general public is growing in the country. Corporates are setting up CSR wings and recruiting workforce to drive the CSR projects. Suresh Parmar says CSR “profession” is still a relatively new one in India and it has enough space for career option. By Suresh Kr Pramar A reader has [...]

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Vedanta Group Starts Mid-Day Meal Kitchen at Lanjigarh for 54 Schools

Vedanta Group Starts Mid-Day Meal Kitchen at Lanjigarh for 54 Schools

Vedanta runs seven state-of-the-art kitchens in the states of Rajasthan and Chhattisgarh providing mid-day meals to over 2.5 lakh children. Mid-Day Meal Kitchen, where food will be cooked and sent to schools to students from 54 schools covering ten villages the region.  INDIACSR News Network LANJIGARH: Over 5000 students of primary and upper primary schools of [...]

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Vedanta Supports Quality Education For Tribal Children in Odisha

Vedanta Supports Quality Education For Tribal Children in Odisha

INDIACSR News Network LANJIGARH: Vedanta through its Foundation has funded education for 100 children in the tribal-dominated Rayagada district of Odisha with an objective of providing an equal opportunity to underprivileged children from the tribal population, including Dongria Kondhs, to pursue formal education. In the first phase of the project, Vedanta Foundation has sent 63 [...]

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