The CSR Journal

Corporates have spent Rs.70.5 bn, an increase of 8% compared to the previous year on CSR (corporate social responsibility) initiatives. This puts the CSR spend at 98% of the prescribed spend - based on the Act, The S&P BSE 100 companies were required to spend Rs.72.0 bn on CSR, according to a recent report...

The Maharashtra government has decided to use funds collected as part of corporate social responsibility (CSR) initiatives to provide monetary relief to victims of rape, child sexual assault and acid attack under the Manodhairya scheme. The Women and Child Development (WCD) Department has issued a government resolution notifying the revised scheme, following changes suggested...

The corporate affairs ministry has given permission for penal action against 196 companies for violating CSR norms in 2014-15 fiscal, according to union minister P P Chaudhary. 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...

In a grand ceremony, The CSR Journal Excellence Awards 2017 brought forward the finest Corporate & Citizen Social Responsibility projects initiated by corporate houses and NGOs/NPOs in India. They were honoured by Chief Guest Shri Devendra Fadnavis, Chief Minister of Maharashtra, Guest of Honour Shri Sudhir Mungantiwar, Minister of Finance & Planning and Forests...

When it comes to comply with corporate governance and CSR spending norms, the government feels there is a need for "little more nudging and prodding", according to a senior official. Under the Companies Act, 2013 -- which is implemented by the corporate affairs ministry -- there are strict norms for ensuring good corporate governance practices...

We are starting to witness the penalty for unsustainable lifestyles and patterns of production and consumption. As the human population is exploding, resources are shrinking. Concerns loom everywhere, from declining pollinators affecting food security, to air and water pollution affecting the quality of life, and land shortage and degradation affecting both agriculture and biodiversity. These are...

Senior government officials, policymakers, civil society and academia from over 30 countries across Asia-Pacific gathered in Beijing to accelerate commitments towards improving the rights of the 690 million disabled persons across the region, and beyond. The high-level meeting reviewed progress made in the implementation of the Incheon Strategy for Persons with Disabilities and the Asian...

Prime Minister Narendra Modi recently visited Mizoram and Meghalaya to launch various projects. The government has taken a number of measures to fast-track North-East’s development since 2014. From boosting its tourism potential to improving connectivity, it is actively transforming the region. But the figures informed in the Parliament recently speak a different story. Companies spent...

The Department of Industrial Policy and Promotion (DIPP) has urged the Corporate Affairs Ministry (MCA) to tweak the CSR guidelines to have flexible regime for supporting incubators, said Ramesh Abhishek, DIPP Secretary. “We have suggested that CSR guidelines should not have stipulations around the location of the incubators. So long as it is an incubator...

Companies spent nearly 12 per cent more money at Rs 9,882 crore towards CSR works in 2015- 16, Union minister P P Chaudhary said as he appealed to companies to contribute more to such activities. He added that a host of government programmes, including Swachh Bharat Mission and Namami Gange, provide opportunities for corporates to...

India today has a vast population of more than 1.20 billion out of which nearly 75% are living in rural areas. Energy and development are inter-related. In order to have a sustainable growth rate, it is imperative to have sufficient energy for systematic development in various sectors. Energy sector has received top priority in...

In Episode 22, of Safar Kamyabi Ka Season 1, we look back at the story of Kapil Malhotra, Founder & Chairman, Total Solutions Group. Safar Kamyabi Ka is an ode to felicitate and give recognition to the endless efforts and unmatched spirits of enterprising men and women who have left no stones unturned to achieve...