seminar on understanding new csr legislation
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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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Provisions Regarding Corporate Social Responsibility

Provisions Regarding Corporate Social Responsibility

INDIACSR News Network NEW DELHI: Clause 135 of the Companies Bill, 2011, inter alia, provides for the specified companies to spend at least 2% of the average net profits (of last 3 years) in pursuance of the company’s Corporate Social Responsibility (CSR) policy and in case of failure, to specify the reasons for not spending […]

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Hindustan Zinc to Adopt 92 Rural Schools in Rajasthan Under PPP, Spend Rs 3.35 Crore

Hindustan Zinc to Adopt 92 Rural Schools in Rajasthan Under PPP, Spend Rs 3.35 Crore

Educational Facilities in Government Schools to Improve – Company to spend Rs. 3.35 Crore under PPP Project. INDIACSR Bureau UDAIPUR: Vedanta’s group company, Hindustan Zinc has taken a major step in improving the facilities in rural government schools under the Public Private Partnership model with Rajasthan Government. Under this model, Vedanta Hindustan Zinc has signed […]

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Two Cheers for Companies Bill

Two Cheers for Companies Bill

By Lalit Kumar The proposed amendments on CSR and on regulation of private limited companies are quite excessive in scope. The recent reform announcements ought to shake the Indian economy and corporate houses out of their slumber, provided Parliament does not stop the government in its tracks. Opposition parties have raised an uproar in Parliament […]

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Special Purpose Vehicle To monitor CSR Fund and Projects

Special Purpose Vehicle To monitor CSR Fund and Projects

Corporate affairs minister proposes SPV for transparent & full use of funds NEW DELHI: According to a media report, Central Government is planning to have a Special Purpose Vehicle to monitor spending of CSR Fund and Projects. To discuss with corporate on the issue related full and effective utilization of CSR fund Newly appointed corporate […]

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National Body to Monitor CSR Funds, Project Execution Likely

National Body to Monitor CSR Funds, Project Execution Likely

Corporate affairs minister proposes SPV for transparent & full use of funds NEW DELHI: An independent mechanism may be put in place to ensure fair, transparent and full use of the funds earmarked by India Inc for corporate social responsibility (CSR) activities. New corporate affairs minister Sachin Pilot has proposed creation of an entity — […]

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