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CSR Should Bring Smile to People; Not profit for Companies

CSR Should Bring Smile to People; Not profit for Companies

NEW DELHI: As India Inc braces up for a mandatory social welfare spending regime, corporate affairs minister Sachin Pilot has asked the companies to desist from spending on profit-earning activities to meet these norms. While he is open to the idea of the companies getting some tax benefits for CSR ( Corporate Social Responsibility) spending, […]

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Companies Bill Sets Global Benchmarks By E Balaji

    By E. Balaji The enhanced role for women and independent directors on the board is welcome. The new Companies Bill is a landmark in the history of Corporate India. The Bill, awaiting the President’s approval, will be formally promulgated as the Companies Act, 2013, replacing the Companies Act, 1956. The 1956 Act was […]

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India’s IT-BPO Industry in forefront Compared to China and Philippines

India’s IT-BPO Industry in forefront Compared to China and Philippines

Other South and South-east Asian countries gaining market share in the global IT-BPO industry INDIACSR News Network New Delhi, 22nd August 2013: According to a recent report by Cushman & Wakefield, globally India continues to be the forerunner in the IT–BPO industry. However, a number of other South and South-east Asian countries are increasingly gaining […]

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CSR Spend Will Mainly Go on Education, Children and Women

CSR Spend Will Mainly Go on Education, Children and Women

  With the Companies Bill 2012 stipulating guidelines on corporate social responsibility (CSR) and introducing class action suits, Indian companies are expected to pull up their socks in these areas and respond in a commendable manner. In an email interview, Subroto Bagchi, chairman of MindTree, discusses several nuances of the new legislation and how they […]

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Private Cos Groan Under Weight of Companies Bill By Anupam Kumar

Private Cos Groan Under Weight of Companies Bill By Anupam Kumar

By Anupam Kumar Companies Bill 2012 has received mixed reactions, and industry bodies and professionals have sought numerous clarifications from the Government. While the Bill has attempted to increase transparency in governance by introducing specific provisions, there are multiple instances where private enterprises have not been exempted from certain provisions. This can create additional compliance […]

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Mandatory CSR for Companies: Advantages and Repercussions By Noshir Dadrawala

Mandatory CSR for Companies: Advantages and Repercussions By Noshir Dadrawala

    By Noshir Dadrawala The acronym CSR which stands for Corporate Social Responsibility has been under discussion and debate in various circles from government and companies to non governmental organizations (NGOs) and the media. The new Companies Bill 2011 has proposed under Section 135 that every company having net worth of rupees five hundred […]

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Corporate Leaders Come Together to Incorporate CSR Into Business

Corporate Leaders Come Together to Incorporate CSR Into Business

It has reported that debates on corporate sustainability get louder by the day. Enticing monikers for doing good are coined. Codes of conduct proliferate and there is much congratulatory backslapping among CEOs on receiving awards and recognition. What is sorely missing is substantive progress on the ground. Now, a plain-speaking, crack team of 14 leaders […]

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New Rules Under Companies bill to be in Place by FY’14 End: Ministry of Corporate Affairs

New Rules Under Companies bill to be in Place by FY’14 End: Ministry of Corporate Affairs

  NEW DELHI: The Ministry of Corporate Affairs expects all the rules regarding the Companies bill likely to be in place by the end of this fiscal, after taking into account the suggestions from experts, public and other stakeholders. A rules advisory committee comprising members from leading industry chambers, dignitaries, experts and lawyers among others, […]

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Spending on Profit Earning Ventures Cannot be CSR

Spending on Profit Earning Ventures Cannot be CSR

  NEW DELHI: As India Inc readies itself for mandatory social welfare spending, Corporate Affairs Minister Sachin Pilot today said money spent on activities that earn profits will be a grey area while considering it as a CSR initiative. The rules on what activities should qualify as such a CSR (Corporate Social Responsibility) initiative would […]

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Sachin Pilot Discusses CSR Aspects of New Company Bill on Google+ Hangout

Sachin Pilot Discusses CSR Aspects of New Company Bill on Google+ Hangout

INDIACSR News Network NEW DELHI: One of the highlights of the new Companies Bill, as passed recently by the Parliament, is Clause 135, which provides for Corporate Social Responsibility or CSR – a first of its kind provision that is being admired and talked about not only in India but across the globe.  Bigger Private […]

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Comments

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