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Corporate CSR Ethics

Corporate CSR Ethics

Home CATEGORIES Corporate CSR Ethics

‘Spend Your CSR funds Properly’ – Parliamentary Standing Committee to IRCTC

The Parliamentary Standing Committee rapped Indian Railway Tourism and Catering Corporation Ltd. (IRCTC), a Public Sector Undertaking (PSU) under the Ministry of Railways over usage of its CSR funds. The standing committee noted that the CSR policy as approved by IRCTC board was not in conformity to the CSR Guidelines issued by the DPE. The...

Adopt Arm’s Length Approach For CSR: Arun Jaitley To India Inc

Finance Minister Arun Jaitley on Tuesday asked corporates to adopt arm’s length approach while taking up CSR activities and not pursue proposals to subserve their own ends. “I must say that in last 2-3 years it (CSR spending) has begun well. It has begun well because in the very initial years in the government we...

Most Companies Becoming Socially More Responsible: Report

NEW DELHI: Most of the top listed companies are becoming more responsible but there is room for large entities to play a more substantial leadership role in ensuring that economic growth is accompanied by social progress, says a report. The conclusions are based on an index developed by non- profit group Oxfam India along with...

Corporate India To Support The ‘Voter Awareness Drive’

Eminent personalities of the corporate world have come forward to extend their support for the voter awareness campaign lead by the state election commission of Maharashtra. Business giants like Ratan Tata from the Tata Group, Anand Mahindra from Mahindra & Mahindra Group, Harsh Goenka from RPG Industries met the Maharashtra state election commission JS Sahariya. “When...

Govt Seeks Explanation From 536 Cos For CSR Non-Compliance

Government on Tuesday said, show cause notices have been issued to 536 firms for non-compliance with CSR norms under the Companies law. Under the Companies Act, 2013, certain class of profitable entities are required to shell out at least two per cent of their three-year annual average net profit towards Corporate Social Responsibility (CSR) activities...

A business-like Approach To A Not-for-Profit

Quite often, we come across the argument that a not-for-profit needs to be run in a business-like manner. The clamour for this has grown louder with many corporate firms setting up their own foundations and a committee of their boards beginning to oversee the developmental efforts. The argument is that just like any business...

Partnering With The Corporate World To Address SDGs

The Sustainable Development Goals (SDG) address a gamut of many prime issues that countries around the world have been trying to solve for a long time now with varying degrees of success. Take the case of India. Alleviating poverty has been an objective from the day the nation was born and “Garibi Hatao” (Eliminate...

Over 530 Cos May Face Action For CSR Norm Violations

More than 530 firms have come under the scanner of the government for violating CSR spending norms under the companies law and are likely to face action. The violations pertain to the 2014-15 financial year and reports to this regard have been submitted by Registrar of Companies (RoCs) concerned to the Corporate Affairs Ministry, sources...

Approaches for NGO Funding

Raising funds is a challenge witnessed by most non-government organisations (NGO) across all social sectors... Each organisation requires a funding strategy tailored to its own requirements. The development sector in India is increasingly witnessing drastic new changes. The inflow of foreign funding is expected to steadily decrease, directly impacting the resources of NGOs. Over the...

Shivaji Smarak: Should CSR Funds Be Spent To Support Govt?

India is a democratic country. This means, the laws, policies and actions in India are of the people, by the people and for the people. But is this the case in reality? News about statue of medieval king Chhatrapati Shivaji Maharaj has been doing the rounds since the last month. In spite of strong opposition...

What Can India Learn From Japan’s Green Policies?

Early to industrialise in the 19th century, and a technology leader by the 20th, Japan saw many of the benefits of economic progress: capital accumulation, rising wages and high standards of living. However, the country’s development was not sustainable and, especially in the 20th century, was marred and constrained by industrial pollution. This led...

CSR, Road Safety and You

The Ministry of Road Transport & Highways organised the 28th Road Safety Week from 9th to 15th January 2017 with the objective of spreading awareness about the issue of Road Safety. The Ministry of Road Transport and Highways 2015 report states that about 1,46,133 people lost their lives and 5,00,279 were injured in road...
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