Hency Thacker

Input tax credits cannot be claimed on goods or services used or planned to be utilised for Corporate Social Responsibility (CSR) initiatives, according to the Union Budget 2023. The amendments in the Central GST Act have been brought through the Finance Bill, 2023. The Finance Bill 2023 proposes to amend section 17 of the CGST...

Philanthropy has a long and storied history of supporting important causes and making a positive impact on society. In recent years, the philanthropic sector has undergone a major transformation, with new technologies, shifting societal priorities, and changing political climates all playing a role. As we move into 2023, there are several trends that are...

Jeff Bezos has recently pledged to donate a majority of his wealth to philanthropic causes, thereby joining the ranks of other notable high-net-worth individuals in their charitable endeavours. Jeff Bezos's commitment to Philanthropy Jeff Bezos, the founder and former CEO of Amazon, has been a household name for several decades now. He rose to prominence as...

India is one of the largest and most diverse countries in the world, with a rapidly growing economy and a wealth of talent in the field of science, technology, engineering, and mathematics (STEM). Despite this potential, women remain underrepresented in STEM careers in India and face numerous challenges, including discrimination, unequal pay, and a...

India has a rich history of extending humanitarian aid to countries in need and has been at the forefront of providing assistance to countries facing natural disasters, conflicts, and other emergencies. Over the past few years, India has extended humanitarian aid to countries across the world, demonstrating its commitment to promoting global peace and...

Recently, a series of powerful earthquakes, with the first one having a magnitude of 7.8, struck Turkey and Syria, claiming the lives of over 8300 people in both countries. The already conflict-ridden region is devastated by the loss of life and property, while the winter storm is compounding their misery. WHO has estimated that...

In 2023, companies have become increasingly aware of the importance of environmental, social, and governance (ESG) initiatives. With the global focus on sustainability and social responsibility, companies are looking for new ways to improve their ESG efforts and demonstrate their commitment to these important issues. Artificial intelligence (AI) has emerged as a powerful tool...

Renewable energy sources such as solar, wind, hydro, geothermal and biomass can be used to generate electricity. These sources are considered renewable because they are naturally replenished and do not deplete finite resources. This means that they can be used indefinitely, unlike fossil fuels which are finite and non-renewable. Using renewable energy to generate electricity...

Bajaj Group has been investing heavily in the social welfare of the country long before CSR became mandatory for companies in India. In fact, the company’s founder, Shri Jamnalal Bajaj, was an ardent follower of Mahatma Gandhi and swore by his concept of Trusteeship. As a result, he considered it his duty to work...

‘Roti, Kapada, and Makaan’ are recognised as the basic needs for human survival. Driven by the vision that everyone needs a decent place to live, Habitat for Humanity began in 1976 as a grassroots effort. The housing organisation has become a leading global non-profit working in more than 70 countries. In India since 1983, Habitat...

According to data available from the Union ministry of corporate affairs, India Inc. used the largest portion of its compulsory Corporate Social Responsibility (CSR) fund in the education sector during FY16-17 and FY20-21, followed by the health and rural development sectors. The education sector received 29,918 crores in CSR grants throughout these five fiscal years....

Development without equality and justice can only take a country so far. In a developing country like India, it is important to ensure equitable access to resources and opportunities for all. Working towards this goal is ActionAid Association, established with a vision to create a world without poverty, patriarchy and injustice in which every...