Increase of 27% was noted in the expenditure of corporate social responsibility (CSR) funds in 2015-16 as compared to the previous year. The figures rose from Rs 6,400 crore in FY15 to Rs 8,900 crore.
These results are based on disclosures of close to 1,270 companies listed on BSE that had to comply with Section 135 of Companies Act 2013. The analysis was conducted by CII-ITC Centre of Excellence for Sustainable Development in form of Annual CSR Tracker 2016.
The programme will train the students on essentials such as verbal and written communication, business etiquettes, problem solving, time management, customer orientation, interview skills and other soft skills required to enhance their employment opportunities. To develop further insights for the students on what it is like to work in a corporate environment, ARISE will integrate a sustained volunteering program wherein current employees will work with these students as mentors/expert coaches for facilitating students’ gaining from professional experiences of those who are part of the IT/ITes industry.
In 2015, Mumbai Port Trust, in an agreement with Tata Memorial Centre, provided three usused buildings at Cotton Green for housing young patients, who otherwise need to find alternate means of accommodation that may not be safe or economical. St. Jude India ChildCare Centres, a not-for-profit organisation established in Mumbai in 2006 and India’s only home away from home for cancer-afflicted children, was invited as the implementing partner.
The BMC will soon invite expression of interest from philanthropist-business houses associated with educational institution for Full School Management with Private Partner Teachers scheme. As per this scheme, interested parties will be allowed to appoint their teachers and associate staff and pay their salaries besides managing the schools.
Nirbhay K, CSR Professional & Alumni Of IIT Bombay
“It implies circular constellation of forces tending to act and react one another in such a way as to keep a poor country in a state of poverty”, as quoted by Prof. Nurkse, a pioneer economist defined the model of vicious circle of poverty.
“Companies have become increasingly aware of outcome assessment and close monitoring implementing agencies, as evidenced by the growing frequency of report submissions from partner organisations, and greater on-ground frequency of their Corporate Social Responsibility teams,” the Nasscom report said.
“We are facing a huge population challenge in India with poverty and unplanned parenting making child vulnerability manifest in issues such as the ones faced by the street children,” said Luke Samson, director of NGO Sharan. He added that as per a recent UNICEF estimate, the number of street children in India was 17 million.
While there is an ongoing debate on whether companies should use their foundations for spending their CSR funds, figures from the report show that 50% companies in Gujarat used implementing agencies. About 27% companies undertook their CSR projects using direct implementation model.
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