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LokSabha Approves Company Bill 2011

LokSabha Approves Company Bill 2011

INDIACSR Bureau NEW DELHI: On 18 December, finally the Lok Sabha passed the Companies Act 2011,  paving the way for a new modern company law. The new act will replace the existing Companies Act 1956, which was enacted 56 years ago. More importantly, the bill gives more muscle to shareholders. Now, shareholders can take legal […]

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Govt to Have a Hands-off Approach on CSR

As per the new regulations in the making, it will become mandatory for a company to spend 2% of net profit KOLKATA: Union corporate affairs ministry has put the onus of performing corporate social responsibility (CSR) on industry, as the Companies Bill is set to be tabled before the Parliament. “The government wants to have […]

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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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Rishi Pathania Joins United Phosphorus Ltd as CSR Head

Rishi Pathania Joins United Phosphorus Ltd as CSR Head

INDIACSR News Network MUMBAI :  Mr. Rishi Pathania has joined – United Phosphorus Ltd (UPL) as Head of Corporate Social Responsibility (CSR). Rishi Pathania is having 15 years of rural development experience in different parts of country. Before joining UPL, he was heading CSR of Tata Chemicals, Mithapur, Dist Jamnagar. For the last 9 years […]

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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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Deepak Nitrite Wins Business World FICCI CSR Award

Deepak Nitrite Wins Business World FICCI CSR Award

Deepak Nitrite Ltd, the parent organization of Deepak Foundation was felicitated with the Business World FICCI Corporate Social Responsibility Award 2011-12 in the category of corporate citizen (Large Enterprises). INDIACSR News Network NEW DELHI: At a function organized by Federation of Indian chambers of Commerce and Industry (FICCI) at Federation House, New Delhi on December […]

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CSR, Unmade in India by Kanika Dutta

CSR, Unmade in India by Kanika Dutta

By Kanika Dutta Inevitably, the issue of enforced corporate responsibility ( CSR) has got into a bind that is uniquely Indian in nature. In August, a standing committee of Parliament said companies above a certain size must mandatorily spend a percentage of net profit on CSR activities, as defined by a set of guidelines that […]

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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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End Year Review : CSR of Moser Baer India Ltd

End Year Review : CSR of Moser Baer India Ltd

INDIACSR News Network NEW DELHI: Moser Baer uses CSR as an integral business process in order to support sustainable development and constantly endeavors to be a good corporate citizen and enhance its performance on the triple bottom line. Also Read Moser Baer Trust to Bring Positive Influence to 41 villages by 2013 Moser Baer believes […]

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