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Satyam, Kingfisher, Jindal and their CSR

Satyam, Kingfisher, Jindal and their CSR

My normal questions with young B School students is that which kind of  Company they would like to join “Infosys  or Satyan Type”, Which  business leader they would like to follow  “Narayan Murthy or Ramalinga Raju”. Answer is quite  obvious   no would like to join  Satyam or follow Raju, for  simple reason. By Anil Jaggi [...]

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CSR: A Cloak for Crooks

CSR: A Cloak for Crooks

By SA Aiyar The government’s new Companies Bill will reportedly ask large companies to spend 2% of their net profit on CSR (corporate social responsibility). The theory is that corporates must aim for social goals, not just profits. It’s unclear whether the 2% allocation will be compulsory or indicative. In either case, this misses altogether [...]

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Characteristics of Asian Economies and Their Cost of Growth By Rusha Das

Characteristics of Asian Economies and Their Cost of Growth By Rusha Das

In emerging economies, CSR tends to be more about compliance, immediate cost-benefit and philanthropy. By Rusha Das The article highlights some of the key characteristics of Asian forms of CSR to explore diverse approaches to social advancement across Asia, to assess whether certain approaches that are promoted as globally responsible are relevant to the Asian [...]

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Do Companies Take CSR Seriously

Do Companies Take CSR Seriously

By Asish K Bhattacharyya The Companies Bill 2011 is likely to be placed in the Parliament in the winter session. We may expect that it will be passed, as the Bill incorporates most of the recommendations of the Parliamentary Committee. The Bill approved by the Cabinet is not yet in the public domain. Therefore, we [...]

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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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