The CSR Journal
How Important Is Investing In Educational Infrastructure?
While we talk quite passionately about Right to Education for every child, an important factor usually takes a backseat in the list of priorities. Requisite infrastructure and staff with adequate quality standards often lag behind in education system.
It was Universal Children’s Day on Sunday, November 20 and India too recently celebrated Indian Children’s Day...
Further to Demonetization, 100 Villages to go Digital Under CSR
n the stir of demonetisation, ICICI Bank will be transforming 100 villages into ICICI Digital Villages. This is part of the digital ecosystem across the country, including rural India, in the wake of demonetisation of high value currencies.
Villages spread across the length and breadth of the country will enable villagers to use digital channels for banking and...
Impact Investing In India Could Grow To $6-8 Billion By 2025, Says McKinsey
New research from McKinsey suggests that impact investments in India have reached over $4.1 billion in cumulative investments over the past six years. The sector is growing at about 15 per cent annually. From the investments made, at least 60-80 million lives were touched last year across socially relevant sectors such as financial inclusion,...
Nasscom Foundation Says Most Firms Spend 70% CSR Fund on Education
Nasscom Foundation on Thursday in its yet-to-be-released report, has said that a substantial number of companies have spent more than 60-70% of their corporate social responsibility (CSR) spend in education initiatives and the remaining half spend between 30-40% of their budget in education.
"Education forms the major chunk of CSR spend: A substantial number of...
EXIM Bank To Help Support 1000 Amputees With Jaipur Foot In Afghanistan
Export-Import Bank of India (Exim Bank) flagged off its contribution towards helping 1000 amputees in Afghanistan get artificial feet by supporting Bhagwan Mahaveer Viklang Sahayata Samiti (BMVSS), the parent body of Jaipur Foot.
Jaipur Foot is the most widely used artificial foot / limb in the world. Yaduvendra Mathur, Chairman & Managing Director, Exim Bank...
CSR: 4,195 cos spend nothing; show cause notices to 496 firms
Government has issued show cause notices to 496 companies for not complying with CSR norms while about 4,195 companies have not spent a single penny on corporate social responsibility activities, Parliament was informed today.
The reasons for not spending included companies not finding suitable implementing agency, delay in formation of CSR committee and inability to...
Hindustan Coca-Cola Beverages Joins Hands with Watershed Organisation Trust for Sustainable Agriculture
Hindustan Coca-Cola Beverages Pvt. Ltd (HCCB), joined hands with Watershed Organisation Trust (WOTR), Sanjeevani Institute of Empowerment and Develoment (SIED) and local community to launch Integrated Watershed Management Project in Sinnar Taluka, Nasik District of Maharashtra. The project is being implemented across 03 villages - Khaprale, Chandrapur, Jamgaon, covering a geographical area of 1624 hectares.
The...
EDGE 2016 Focuses on Collaborations in the Social Sector
EdelGive Foundation, the strategic philanthropic arm of Edelweiss Group recently hosted the annual forum EDGE 2016. The fifth edition witnessed participation from grassroots organizations, distinguished corporates, philanthropists and social development experts. This initiative focused on the theme of ‘Why collaborations don’t work’ in the field of philanthropy. The engagement platform provided opportunities and insights...
Japan-India Institute Of Manufacturing To Train 30,000 Youths
Maruti Suzuki India Ltd (MSIL) announced that it plans to set up a first-of-its-kind Industrial Training Institute to be established in Mehsana, Gujarat. With an investment of Rs 3.2 crore MSIL will contribute towards upkeep of the facility as per industry norms, hiring and training of faculty and staff, finalizing curriculum, and end to...
MCA Pulls Up Companies Over Lack Of CSR Spends
The ministry of corporate affairs (MCA) has criticized companies for failing to meet the mandatory spending requirement on corporate social responsibility (CSR) initiatives.
Rejecting reasons cited for not spending on CSR, the ministry has told companies that they can contribute to the Prime Minister’s National Relief Fund to meet their targets, said two officials familiar...
Nifty 50 Companies Spent 92.7% Of The Mandated Rs 5,478 Crore On CSR Activities This Year
Spending increased by 27% this year on Corporate Social Responsibility (CSR) activities. Nifty 50 companies were able to spend Rs 5,082 crore out of the mandated Rs 5,478 crore as per findings of a report published by CimplyFive Corporate Secretarial Services, a tech solution provider for compliance.
The Companies Act, 2013 mandates every registered companies with a...
Children and Social Responsibility: A Viewpoint
14th November is celebrated in India to increase awareness of the rights, care and education of children. It is the birth anniversary of the first Prime Minister of India Jawaharlal Nehru who is often cited as saying that children should always be carefully and lovingly nurtured, as they are the future of the nation and the citizens of tomorrow. The...
