CSR Workshop & Panel Discussion
You are browsing entries tagged with “CSR spend”

Finance Ministry wants banks to be exempt from CSR spend: Report

Letter to corporate affairs ministry cites slowing economy, capital challenges MUMBAI: Indian banks, particularly those owned by the government and facing an urgent need to raise capital, could get some relief. The finance ministry has written to the corporate affairs ministry, asking the latter to exempt banks from the corporate-social responsibility (CSR) spending mandated by […]

Read More...

Corporate Affairs Min seeks tax benefits for CSR activities

Corporate Affairs Min seeks tax benefits for CSR activities

Under the Companies Act, 2013, firms having a net worth of at least Rs 500 crore are required to make CSR spend NEW DELHI: Corporate Affairs Ministry has sought tax benefits for social welfare spending which is compulsory for certain class of profitable entities under the new companies law. Industry has been seeking tax benefits […]

Read More...

CSR spending may pump in Rs. 27, 000 cr a year

The new Companies Act, 2013, which proposes that 2% of profits earned by a certain class of companies must be spent on corporate social responsibility (CSR) activities,  would mean an estimated Rs. 27,000 crore will flow into grassroots development and social enterprise sectors every year, says a think-tank. According to the Indian Institute of Corporate […]

Read More...

Ministry of Corporate Affairs Developing a Reporting Framework for CSR Activity

MUMBAI: Economic Times reported that the ministry of corporate affairs is developing a reporting framework for corporate social responsibility (CSR), which could potentially be a game-changer for CSR in India, sources close to the development told. The government is formulating guidelines to classify what activity can be qualified as CSR and what expenditure can be […]

Read More...

New Companies Bill: What India Inc Should watch Out For

New Companies Bill: What India Inc Should watch Out For

The Economic Times reported that, the government is about to introduce a new Companies Bill — nearly 20 years in the making — as it takes a big step towards improving transparency and regulation of business houses in India. Efforts to overhaul the legislation have snaked through red tape but there is unlikely to be […]

Read More...

Using Corporate Community Involvement to fight Tribal Extremism by Suresh Kr Pramar

Using Corporate Community Involvement to fight Tribal Extremism by Suresh Kr Pramar

By Suresh Kr Pramar At a workshop on Skills Development a few months ago at Ranchi the Chief Minister Arjun Munda made a strong appeal to business houses to use their CSR budgets to provide the much needed relief for the urban and rural populations, particularly tribals, of the state. Arjun Mundaa stressed on the […]

Read More...

No plans to penalise companies that fail to spend the required amount on CSR

No plans to penalise companies that fail to spend the required amount on CSR

NEW DELHI: It has reported that the public sector could have more stringent set of corporate social responsibility (CSR) norms. State-controlled enterprises would now have to take up specific projects directed towards CSR. The new Companies Bill, which is currently with the standing committee of Parliament, has outlined that all profitable companies-public and private must […]

Read More...

Industry experts welcome introduction of Cos Bill in Parliament

Industry experts welcome introduction of Cos Bill in Parliament

NEW DELHI: Terming the new Companies Bill as “visionary”, especially in the trying times for the corporate sector in view of slowdown in growth, industry experts said the government move of introducing it in Parliament today was a welcome step. “The structure of the Bill is contemporary and sound and the way it seemed to […]

Read More...

Companies Bill tabled in Parliament; retains 2% CSR spend

Companies Bill tabled in Parliament; retains 2% CSR spend

NEW DELHI: The Government today introduced the new Companies Bill, retaining some contentious provisions like 2 per cent yearly spend on CSR activities and a fix term for independent directors. According to the Companies Bill 2011, every company with a networth of Rs 500 crore or more, or turnover of Rs 1,000 crore or more, […]

Read More...

Strict CSR rules, no non-compliance fine

Strict CSR rules, no non-compliance fine

NEW DELHI: The Companies Bill 2011, introduced in Parliament, has strict expenditure and disclosure guidelines for CSR activities of companies though it falls short of punishing non-compliance. The Bill makes disclosure of CSR spend mandatory for companies with a net worth of Rs 500 crore or more, or turnover of Rs 1,000 crore or more, […]

Read More...

Comments