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Effective Governance Will Sustain Asia-Pacific Economic Growth And Improve Its Quality: UN Report

Effective governance and improved fiscal management are essential to sustaining robust economic growth and improving its quality, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said in its annual flagship report launched on Monday. The Economic and Social Survey of Asia and the Pacific 2017 highlights that despite a...

Bajaj Wants Govt To Clarify On Tax Exemption On CSR Spending

Bajaj Group patriarch Rahul Bajaj has asked the government to clarify whether the Indian firms spending two per cent of their profits on corporate social responsibility, as mandated by the new company law, should get tax exemption on it. Citing the conflicts in the tax laws, the veteran industry leader on Saturday said that when...

NABFINS And Swades Foundation Join Hands To Initiate Customised Microfinance For Rural India

NABARD Financial Services Limited (NABFINS), a subsidiary of National Bank for Agriculture and Rural Development (NABARD) would be initiating its direct lending operations in Raigad in partnership with Swades Foundation. Swades Foundation is working on developing the local entrepreneurial ecosystem in Raigad focused on animal husbandry, food and agro-processing units, self-help groups based small...

Leverage CSR To Address Developmental Challenges: President

President Pranab Mukherjee urged India Inc to leverage corporate social responsibility (CSR) to address higher developmental challenges in India, saying the country needs visionary business leaders to catalyse the growth process. "I would like to remind industry that just as much as the funds, the country also needs your ideas, energy and drive. I urge you to leverage CSR...

GNFC Wins Golden Globe Tigers Award

State-owned Gujarat Narmada Valley Fertilisers and Chemicals Ltd (GNFC) has won the prestigious Golden Globe Tigers Award for Excellence and Leadership in CSR in the category of ‘E-Payment Leadership’ for the implementation of digital transactions in its township at Bharuch, Gujarat. The award recognizes ‘Tigers’ in marketing, branding CSR & social innovation, education & academic...

FDEC Commences Roll-Out Of Malaria Demonstration Project

The Foundation for Disease Elimination and Control of India (FDEC-INDIA), Indian Council of Medical Research and Govt. of Madhya Pradesh announced Phase 1 roll-out of Malaria demonstration project in Mandla, Madhya Pradesh. This Phase will focus on community awareness and education programs among the community residents in Mandla. Minister of State for Health, Fagan Singh Kuleste...

Sweden Keen To Collaborate On Climate Issues

Sweden is keen to collaborate with Maharashtra on waste management, smart cities, and renewable energy. "I exchanged views with both the governments at the centre and in the state on global climate change efforts, ongoing international negotiations and the potential for bilateral cooperation," visiting Swedish deputy minister on climate Eva Svedling said here today. The minister...

Climate Change: In Big Relief, FAO Says Agriculture In India On Right Path

Indian agriculture can overcome problems of climate change and take the path of sustainable and climate-smart agriculture (CSA) by using mitigation techniques and adapting technology and new crop patterns, according to Shyam Khadka. Khadka, the Food and Agriculture Organisation (FAO) representative in India, was speaking at a conference organised by the Confederation of Indian...

Empower Children To Be Change Ambassadors

About 10,000 school children, 50 schools through 100 workshops are now enabled to become ‘Health Champions’ for their peers and communities. ‘She’s Ambassador’ is a health and leadership program to develop health champions. It aims to empower young people to make educational and sustainable decisions favourable to healthy lifestyles and social development. Mumbai Obstetrics Gynaecological...

Only Law Can’t Guide Fairness In Business, Inner Value System Can: Suresh Prabhu

Union Railway Minister Suresh said, being fair in any business is the key to maintaining equality and a better business culture. He was speaking as the chief guest at the 29th Council for Fair Business Practices (CFBP) Jamnalal Bajaj Awards. Prabhu pointed out inequality and the gap between haves and have-nots as the root causes...

Three Years Of CSR: Spending On The Rise, Yet Hurdles Remain

Corporate social responsibility (CSR) rules, implemented in April 2014 under section 135 of the Companies Act, have generated a buzz for their innovative approach to social development, and helping channel funds from companies towards such activities. But even as annual CSR spend is on the rise, the impact on the ground and effective deployment of...

Nepalese Enterprises Have To Spend 1% Of Profit In Social Causes

Nepalese government will soon start implementing the provision of newly introduced Industrial Enterprise Act that the industries need to allocate at least 1% of their annual profit for social welfare. Clause 48 per the Industrial Enterprise Act 2016 states, big or medium scale enterprises as well as small enterprises having annual turnover over 150 million...

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