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Coal India Steps Up CSR Efforts

Calcutta: Coal India has stepped up efforts to meet the target allocation for its corporate social responsibility initiatives after a parliamentary panel last December pointed out that the miner had failed to meet its target earlier. In its report on the CSR activities of Coal India, the parliamentary panel on coal and steel said, “Of […]

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Panel for action against Coal India officials for CSR funds

Panel for action against Coal India officials for CSR funds

Press Trust of India NEW DELHI: New Delhi: Dismayed that world’s largest coal miner CIL could spend barely 15 per cent of the funds earmarked for corporate social responsibility (CSR), a parliamentary panel has recommended that officials responsible for it must be made accountable. “Out of allotment of Rs. 553.33 crore in 2011-12 for CSR […]

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Coming Soon, Stricter CSR Spend Norms for PSUs

Coming Soon, Stricter CSR Spend Norms for PSUs

      NEW DELHI: It has reported that, with the passing of Companies Bill, 2013, the government is set to make stringent norms for Central Public Sector Enterprises (CPSEs) to implement the corporate social responsibility (CSR) projects. The corporate affairs ministry is working out the modalities with the department of public enterprises as for […]

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Coal India Trade Unions to Serve Strike Notice Today

Coal India Trade Unions to Serve Strike Notice Today

The stir will disrupt government’s efforts to meet its disinvestment target of Rs 40,000 crore for current financial year NEW DELHI: Trade unions controlling a majority of the workforce of the world’s largest coal miner Coal India Ltd (CIL) are going to serve a strike notice to the management today against a government proposal to […]

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PSUs Fail to Meet CSR Targets

PSUs Fail to Meet CSR Targets

By Ahona Ghosh & Kiran Kabtta Somvanshi MUMBAI: Even as the government tries to coax private companies to spend more money in fulfilling their corporate social responsibilities, public sector undertakings remain laggards. Ten large PSUs, which were together mandated to spend 1,313 crore in FY12, managed to disburse less than half that amount. According to […]

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Special Welfare Schemes for Coal Belts in India

Special Welfare Schemes for Coal Belts in India

Seminar on  “CSR of Mining & Power” Venue : Hotel Shreshtha, Raigarh (Chhattisgarh) Date: July 20, 2012 (9 am to 6:00 pm) For brochure please send a request to rusenk@indiacsr.in (99810 99555). Visit us www.seminar.indiacsr.in       INDIACSR News Network The Resettlement and Rehabilitation Policy (R&R Policy) & the Corporate Social Responsibility policy (CSR […]

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Coal India to focus on CSR to meet growth targets

Coal India to focus on CSR to meet growth targets

India’s biggest coal producer Coal India (CIL) is unable to achieve the targeted growth and is unhappy about the same, reports Amrita Panja of CNBC-TV18. According to NC Jha Chairman, Coal India, “Zero growth last year and the not so impressive growth this year points out to the fact that something more needs to be […]

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Coal India to set up 4 medical colleges & an engineering college in the mining areas: R Mohan Das, Director (P&IR)

Coal India to set up 4 medical colleges & an engineering college in the mining areas: R Mohan Das, Director (P&IR)

KOLKATA: Business Standard reported that the government-owned Coal India Ltd (CIL) has planned to establish four medical colleges and an engineering college in the mining areas of its subsidiary companies. This, coincidentally, comes at a time when the sector saw some controversy over the proposed government bill to compel mining companies to share at least […]

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Profit-sharing to eat additional Rs 2,200 cr from CIL’s net

Profit-sharing to eat additional Rs 2,200 cr from CIL’s net

NEW DELHI: Coal India’s annual consolidated net will get eroded by around Rs 2,200 crore once the draft MMDR Bill that obligates coal miners to share 26 per cent of their profits with project-affected people is implemented. “As part of our CSR policy, we spend Rs 5 per tonne, or 5 per cent of the […]

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GoM approves 26% profit-sharing for coal companies

GoM approves 26% profit-sharing for coal companies

NEW DELHI: India will soon have a benefit-sharing regime for those affected by mining projects, despite protests from industry. The new mining Bill – approved by a 10-member Group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee on Thursday – says coal companies will have to share 26 per cent profit with the local […]

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