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Hency Thacker

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Tata Memorial Centre’s Free Pediatric Cancer Treatment Program Experiences a Sharp Cut in Funding through CSR

The COVID-19 outbreak in the last year caused a steep fall in the CSR spending of businesses. In fact, as compared to the previous year, there has been a decline of 50 per cent in CSR spending of the companies. This has led many of the causes supported by the CSR funds to suffer....

CSR Project in North East India to Address its Unique Unemployment Challenge

North East India is a key region to India’s ‘Act East’ policy. It has its significance not only for its strategic location but also for developing connectivity with the East Asian countries. The economic development of North Eastern states is therefore of utmost importance for economic prosperity as well as National security of India. However,...

CSR Spending goes down by 50 per cent in FY 2019-20

The economic crash caused due to COVID-19 pandemic has heavily impacted the CSR spending by the corporates in Financial Year 2019-20. According to the official data available on the Ministry of Corporate Affairs, about 50 per cent dip has been observed in CSR spending of businesses in FY20 as compared to FY19. According to the...

FASTag Made Mandatory: Economic and Environment Benefits of FASTag

The use of FASTag has become mandatory from midnight today, as notified by the Union Ministry of Road Transport and Highways. The statement has said that those vehicle users who fail to install FASTag on their vehicles would be charged double the toll amount on national highways. In this regards, let us understand what is FASTag...

China to go Carbon Neutral in 2060. How does it Affect India?

The era of climate action is set to begin. With the US rejoining the Paris Climate Accord, the conversation and action around climate and environment are set to intensify. Taking measures in advance in order to not only prevent future pandemics but also to alter its global image after COVID-19, China has made some...

Accenture and Salesforce Collaborate to Provide Tech-Based Solutions to Address ESG Issues

Corporate Sustainability is no more an act of philanthropy but an act of essential business practice. The educated and aware consumers of today are very conscious about how the brands and companies they associate with are stepping back to look at the big picture and take actions for a greater good. In order to meet...

Gurpratap Boparai from ŠKODA AUTO Volkswagen India Talks about CSR’s Role in Improving Road Safety

As per the WHO Global Report on Road Safety 2018, India accounts for almost 11 per cent of road crash-related deaths in the world – the highest among 199 countries followed by China and the US. According to the latest Ministry of Road Transport and Highways (MoRTH) report on Road Crashes in 2019, on...

Five Ways of Showing Love for the Environment this Valentine’s Day

Valentine’s Day is celebrated as the day of love. Flowers, chocolates, soft toys, greeting cards and so many more articles are exchanged between people to express their love for one another. Valentine’s Day business is to work more than 20 billion dollars each year across the world. The price of the day is often paid...

CSR to Aid Children and Families Address Socio-Emotional Needs Through the Pandemic

Mental health is highly under-addressed in India. Stress or anxiety is considered as a normal mental condition and is left untreated. This is the case for adults. Such conditions among children are not even acknowledged most of the times. However, this does not mean stress and anxiety do not affect children. COVID-19 pandemic and resultant...

Bare Necessities Index (BNI): Role of CSR in improving the BNI Stats

India is a country of inequalities, despite the interventions by successive governments towards income redistribution. India, being a welfare state strives to establish equality of opportunity for all of its population. However, even today, on one side, the rich of the country continue to make extravagant purchases, while the poor of the country continue...

Saluting the Corona-Martyrs on Martyrs Day 2021

January 30th is observed as ‘Shaheed Diwas’ or Martyrs Day in India. The day marks the death anniversary of the father of our nation, Mahatma Gandhi. The day is aimed at commemorating the contributions of the brave and courageous Indians that laid their lives in the service of the nation. The year 2020 was marked...

Amendment to the CSR Law: Monetary Penalty to Non-Compliant Actors

The government of India has made significant amendments to the CSR law in order to provide greater transparency and flexibility to the corporate sector. Let us understand these amendments made to the CSR section of the Companies Act. Monetary Penalty One of the amendments relates to the non-compliance of the law. According to the government order,...

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