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April 30, 2025
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Ministry of Coal conducts mid-year review meeting to assess CSR activities of Coal PSUs

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The CSR Journal
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Ministry of Coal conducts mid-year review meeting to assess CSR activities of Coal PSUs
With an aim to assess the progress of ongoing CSR initiatives, evaluating their impact on the communities, and aligning them with the guidelines of Government of India, a mid-year review meeting of the CSR activities of Coal PSUs was conducted by the Ministry of Coal in Delhi on Monday.
The discussions focused on the implementation of CSR projects across diverse sectors including healthcare, education, environment, skill development and livelihood. The Ministry stressed the need for accelerated implementation of these initiatives to ensure measurable outcomes, and way forward with a focus on improving the overall quality of life for local communities, particularly in coal mining regions.
The review meeting held at SCOPE Complex, New Delhi, was chaired by Additional Secretary, Ministry of Coal, Rupinder Brar and attended by DDG, Ministry of Coal, along with other officers from the Ministry, Director (Personnel) from Coal India Limited, and all Coal PSUs.

CSR focus for India’s Coal PSUs

During the meeting, coal PSUs discussed about the upcoming World Patient Safety Day on 17th September 2024 with an aim to raise awareness and improve patient safety standards through community outreach programs, health camps, and partnerships with local health organizations.
The meeting also reviewed the progress on setting up Multi-Skill Development Institutes aimed at enhancing the skill sets of local communities, thereby providing better employment opportunities. The Ministry emphasized the importance of these institutes in empowering youth and women particularly in the coal mining regions. The process of updating the CSR monitoring format on the DPE portal was also discussed in the meeting.
The meeting was concluded with a reaffirmation of the commitment to ensuring that the CSR activities of Coal PSUs continue to positively impact society, with a special focus on Community development, Health, Sustainability, & Employment generation. The Ministry also emphasized the need for regular monitoring and evaluation to ensure that all projects stay on track and deliver the intended outcomes.

CSR of Coal India

Talking about CSR of Coal PSUs, in March this year former Union Minister for Coal, Mines & Parliamentary Affairs Pralhad Joshi launched new Corporate Social Responsibility (CSR) initiatives of India’s biggest coal PSU Coal India Ltd (CIL). Under the first initiative, CIL is taking its commitment towards quality education a step further by commissioning smart classrooms in 70 Government schools.
A new CSR scheme of CIL – Coal India Lok Sewa Protsahan Yojana was also launched on the occasion. The scheme is aimed at providing a financial support of Rs. 1 lakh per candidate to SC/ST and Female/Third Gender candidates from coal mining districts of Coal India Limited who clear the preliminary round of Civil Service/Forest Service Examinations conducted by the Union Public Service Commission (UPSC) during year 2024 to 2026.
Project Nanha Sa Dil was launched by the minister as a comprehensive initiative for making surgeries of Congenital Heart Disease (CHD) affordable for needy families in coal mining areas of Jharkhand. The Rs. 9.37 cr. project will be undertaken in Dhanbad, Ranchi, Hazaribagh and Giridih districts on a pilot basis with the possibility of scaling up based on its impact.

 

CSR Law to be Amended to Include Internships Eligible for CSR Expenditure

By
Hency Thacker
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CSR Law to be Amended to Include Internships Eligible for CSR Expenditure
The Ministry of Corporate Affairs (MCA) is expected to introduce an amendment to the Corporate Social Responsibility (CSR) law to include the proposal made during the recent Union Budget, of creating internships for young individuals by large corporations. The move will offer unique learning opportunity to over 10 million young individuals over the next five years, and improve their employment prospects as a result of associating with India’s top 500 companies.

Offering Internships under CSR

Corporate Social Responsibility (CSR) in India has made significant strides in the social development sector. With a comprehensive legislation backing it, the companies across the country have engaged in various social welfare activities in the fields of education, skill development, healthcare, skill development, sanitation, environment conservation, animal welfare, among others.
Including internships in the list of sectors that organisations can conduct their CSR initiatives in, is a stroke of genius. There has been a significant employability gap in the Indian market, which has contributed significantly to the unemployment situation in the country. This can be addressed successfully through internships, as the individuals can gather employable skills and gain experience of working in an organisation. This in turn can provide opportunities to companies to hire more talented, skilled and experienced workforce.
The Indian government is preparing to amend the CSR framework to add internship programs to the list of activities that qualify as CSR spending. Under this new amendment, companies that fall within the eligibility criteria will be able to allocate a part of their CSR budgets to fund internships for young job-seekers, preparing them for future employment. This initiative comes at a critical time when concerns over job creation in India’s rapidly growing economy are high, and it is expected to have far-reaching implications for both businesses and young professionals.
According to official sources, the amendment is expected to incentivise companies to invest in youth training programs without affecting the computation of their profits. This is particularly important, given that CSR funds are a percentage of companies’ net profits over the previous three years, and therefore must be allocated strategically.
The internship scheme is part of a broader set of initiatives announced in latest Union Budget, when the government allocated Rs. 63,000 crore towards generating employment, skilling, and youth opportunities. This emphasis on job creation and skill development is said to be a response to the concerns of experts and opposition parties about India’s so-called “jobless growth”. This refers to the country’s impressive economic growth, while the prevalence of unemployment remains a significant concern.

CSR partnership renewed to promote quality education for underprivileged girls

By
The CSR Journal
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Mumbai, India: Walplast, a leading manufacturer of building and construction materials, is committed to driving national progress by empowering and educating girls. Demonstrating this commitment through its CSR arm, the Walplast Welfare Foundation, the company has reaffirmed its dedication by partnering with Project Nanhi Kali for the second year in a row, to promote quality education for 1,000 underprivileged girls.
This year’s focus cities include New Mumbai, Varanasi, Prayagraj, Nasik, and Pune. This collaboration aims to support the education of girls in India, enabling them to overcome regressive social norms and fulfill their educational aspirations for a brighter future. As part of this comprehensive program, each girl from Grades 6 to 10 will receive training in 21st-century skills and sports leadership.
Project Nanhi Kali, an initiative started in 1996 by Anand Mahindra, has been dedicatedly working towards providing holistic support to economically and socially disadvantaged girls enrolled in government schools across India. Over the past two decades, the project has positively impacted the lives of nearly 700,000 girls, across 15 states of India.
The initiative integrates key elements of the National Education Policy (NEP) 2020, focusing on multidisciplinary learning and the development of 21st-century skills. The program includes an updated curriculum that emphasizes practical knowledge, teacher empowerment through training workshops and comprehensive academic and after-school support. Each participating girl will also receive a kit, ensuring they have the necessary resources for a successful academic year.
Showing support for this initiative, Kaushal Mehta, Managing Director of Walplast, stated, “At Walplast, we believe in the transformative power of education. Through Walplast Welfare Foundation we aim to empower young girls with the tools they need to thrive academically and personally. This initiative not only aims to enhance educational outcomes but also to create a supportive ecosystem for girls in rural, tribal, and urban poor regions. By investing in their education and well-being, we are nurturing future leaders who will drive positive change in their communities.”
For the students, the program offers a multi-faceted approach. During school hours, all students in Grades 6 to 10 will receive life skills training, covering essential financial skills, digital literacy for online safety and job readiness, and soft skills such as critical thinking and communication. Gender relations will be addressed through life skills and sex education.
The second component of the initiative is the Physical Education program. This after-school curriculum for girls includes a comprehensive health and hygiene curriculum, a dedicated physical education module, and team sports activities. This aspect of the program aims to promote not only physical fitness but also emotional well-being and social skills.
Modules on socio-emotional learning focus on developing emotional intelligence, empathy, interpersonal skills, conflict resolution, and problem-solving abilities among students. Comprehensive gender sensitization modules aim to combat stereotypes, promote gender equality, and raise awareness about reproductive health and gender-based violence. Life skills training equips students with decision-making, critical thinking, communication, and assertiveness skills essential for personal and professional growth.
“At Walplast Welfare Foundation, our commitment to social upliftment is deeply ingrained in our ethos. This initiative is more than just supporting education; it is about breaking down barriers that have held back generations of young girls. By providing them with the tools, skills, and confidence they need, we are investing in a future where these young women can emerge as empowered individuals, ready to lead, work, and inspire. Our goal is not just to educate, but to truly transform lives by equipping them with the necessary skills to succeed and contribute meaningfully to society,” said Aniruddha Sinha, Sr. Vice President, Marketing, CSR, Toll Manufacturing & Business Head – P2P Division, of Walplast.
It is also worth mentioning, Walplast Welfare Foundation has positively impacted over 800 young girls’ previous year in districts like Palghar, Bharuch, Varanasi, and Nashik. Through meaningful CSR initiatives, Walplast plays a crucial role in bringing about positive societal change and empowering young girls to fulfill their potential.

 

 

Disclaimer: This media release is auto-generated. The CSR Journal is not responsible for the content.

 

Partnership to facilitate free cancer screening and treatment to rural areas of Karnataka, Maharashtra and Gujarat

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The CSR Journal
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Partnership to facilitate free cancer screening and treatment to rural areas of Karnataka, Maharashtra and Gujarat
Mumbai, India: Merck, a global leader in science and technology, has established strategic partnerships in India with the Rashtreeya Sikshana Samithi Trust, a not-for-profit organization and the HCG Foundation a unique not-for-profit initiative of HCG – South Asia’s largest cancer care network. These collaborations aims at facilitating free cancer screening and treatment support to rural areas of Karnataka, Maharashtra and Gujarat.
Under its partnership with HCG foundation, Merck will deploy Oral Cancer Screening Vans to promote educational awareness of oral cancer, along with conducting cancer diagnoses and screenings in the rural areas of Maharashtra and Gujarat. Through this program, Merck plans to organize around 100 cancer camps, benefiting at least 10,000 rural residents by providing screening and education on the symptoms and prevention of oral cancer.
Continuing its focus on enhancing access to cancer care, Merck and the Rashtreeya Sikshana Samithi Trust are working together to raise awareness about cancer care and provide treatment to people in approximately 600 villages in Karnataka. So far, under this initiative, 933 people have been screened, 60 have received diagnostic support, 106 have been identified with pre-cancerous lesions, 68 have been treated for non-cancerous oral ailments, and 2 people diagnosed with cancer have been provided with referral support.
These initiatives will offer people in the targeted areas, free consultations and lab investigations such as Sugar Tests, BP and BMI measurements, along with physical oral check-ups, Trismus testing, and screenings through digital apps, to assess their overall health, potential risk factors, pre-cancerous lesions and offer counselling on the next appropriate actions.
Merck is deeply committed to ensuring that quality healthcare is accessible to all strata of society at affordable prices. The company is deeply committed to social responsibility, positively impacting over 120,000 lives through initiatives in education, healthcare, relief, and employee engagement. In the past, they also launched a program called, “Care on Wheels”, an oncology project which was focused on screening, awareness, diagnostic support and palliative care for terminally ill patients’ cancer patients. Guided by its core values, Merck continues to play a pivotal role in India’s science and technology landscape, driving innovation to create, improve and prolong lives.

 

 

Disclaimer: This media release is auto-generated. The CSR Journal is not responsible for the content.

 

Ganesh Chaturthi 2024: 11-ft Ganpati Idol Crafted from 1001 Delivery Boxes unveiled 

By
The CSR Journal
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Ganesh Chaturthi 2024: 11-ft Ganpati Idol Crafted from 1001 Delivery Boxes unveiled
Bengaluru, India: Ecom Express Limited (“Ecom Express”), India’s only pure-play B2C e-commerce logistics solutions provider, today unveils its festive season celebrations with a unique and artistic initiative. In a vibrant display of art, teamwork, and inclusivity, employees gathered at the company’s Mumbai office to construct an awe-inspiring 11-foot Ganpati idol entirely out of 1001 delivery boxes. This unique endeavor not only highlights Ecom Express’s commitment to sustainability but also invites everyone to partake in the joyous celebrations surrounding the festival.
The grand unveiling of the Ganpati idol serves as a reminder of the power of collaboration and unity within the Ecom Express family. Employees across various departments contributed to this artistic endeavor, showcasing their dedication and teamwork. The initiative echoes Ecom Express’s commitment to fostering a sense of community among its workforce while embracing cultural traditions that resonate with many in India. The celebration is made even more special by 11 specially abled children who worked with Ecom Express employees to create a beautiful idol, showing how inclusivity boosts creativity and strengthens community bonds.
This year’s Ganpati celebration emphasizes art and creativity as essential components of our societal fabric. By repurposing delivery boxes into a stunning idol, Ecom Express is not only celebrating innovation but also promoting sustainability through creative recycling practices. As the festive season approaches, this heartwarming project sets an inspiring tone for communities to come together in joy and celebration.
Ecom Express remains dedicated to enhancing connections within society while ensuring that everyone can experience the magic of festivals like Ganesh Chaturthi. Join us as we usher in this vibrant season filled with hope, unity, and shared happiness.

 

 

Disclaimer: This media release is auto-generated. The CSR Journal is not responsible for the content.

 

 

Ganesh Chaturthi 2024: Why Plaster of Paris (PoP) idols are popular despite clay being eco-friendly

By
Ahana Bhattacharya
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Ganesh Chaturthi 2024: Why Plaster of Paris (PoP) idols are popular despite clay being eco-friendly
As Mumbai started celebrating its biggest festival Ganesh Chaturthi or Ganeshotsav on Saturday, over 62,000 idols were immersed in various water bodies in Mumbai on the second day of the festival on Sunday. As per the Brihanmumbai Municipal Corporation (BMC), 62,569 idols were immersed in the sea, other water bodies and artificial ponds till midnight.
However, what happens to waterbodies after such large scale immersion of idols? The Arabian Sea off the Mumbai coasts experiences a fall of oxygen level by 50 percent right after the festival. Not only this, Plaster of Paris (PoP) idols release harmful chemicals in the water thereby affecting marine life. Why clay idols are not a popular choice despite being eco-friendly? As Maharashtra and several other states of India celebrate Ganesh Chaturthi, The CSR Journal takes a look into the advantages and disadvantages of clay versus PoP idols.

Earthen idols are eco friendly

Earthen idols are made from clay, so they are biodegradable and dissolve quickly in water. Hence the damage caused to the environment is less after immersion. This is why clay idols are a more eco-friendly choice.

PoP idols harm marine life

Plaster of Paris (PoP) idols on the other hand are non-biodegradable hence after immersion the pollution caused to the water body is significant. PoP idols release harmful chemicals into the water when immersed, take a long time to break down and are harmful for marine life.

Lack of availability of clay

Lack of availability of high quality clay which is needed for idol making is a major reason why not many idol makers prefer to create clay idols. A lot of people are compelled to purchase Ganpati idols made with Plaster of Paris due to scarcity of clay idols in the market. Also, a significant difference exists in the price as clay idols are costlier; hence there is an inclination towards the cheaper PoP idols.

Higher demand for PoP idols as cheaper

Good quality clay required to make idols are costlier than Plaster of Paris, hence the cost of the finished product is much higher. For example, if a PoP idol costs Rs 500-700, a clay idol of the same size and design would cost between Rs 1000-1500.
PoP idols are cheaper as compared to clay idols are easily available in the market. Hence despite warnings and appeal from authorities and environmentalists, they enjoy a higher demand in the market especially from community Ganeshotsav organisers where bigger idols are worshipped. However, for Ganpati organised at home, awareness is on the rise and more people are opting for earthen and other forms of eco-friendly handmade idols even though the number is negligible.

PoP idols can be reused

PoP idols have a hard surface and may seem to be more durable than their clay counterparts. They are not as delicate as the clay ones, are lighter by weight as compared to clay idols and comparatively easier on the pocket. However, it has been observed that over time they tend to develop cracks on the surface. However, PoP idol can be recovered and reused several times to make fresh idols for the festival next year.

PoP idols attract customer due to design

Plaster of Paris (PoP) idols are often a preferred choice among consumers not only because of their durability but also due to their intricate design and detailing. However, a lot of people do not even understand the difference between PoP and clay and buy whichever is cheaper.

How chemical colours affect waterbodies

Apart from the harm caused by the material with which the idol is made, the harmful chemicals used to colour the idols are also dangerous for waterbodies and marine life. Often highly toxic paints are used to colour idols which have poisonous ingredients like mercury, lead and sulphur. These chemicals poison the water not just killing the fish, but also risk the life of those who consume such fish. Idols made using organic colours may be costlier but do not have such a negative impact on the environment.

 

 

Ahana Bhattacharya can be reached at ahana@thecsrjournal.in

Union Minister Emphasises on the Proper Utilisation of CSR Funds; Most of the CSR funds remains unutilised, says Harsh Malhotra

By
The CSR Journal
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Union Minister Emphasises on the Proper Utilisation of CSR Funds; Most of the CSR funds remains unutilised, says Harsh Malhotra
Most of the CSR funds, which should ideally be spent for the benefit of the society, remains unutilised and is redirected to other government funds, Union Minister of State for Corporate Affairs Harsh Malhotra said.
Harsh Malhotra, who is also the Minister of State for Road Transport and Highways, said that the government mandates companies to spend 2 percent of their annual profit on social causes and welfare.
He made the remarks addressing the Healthcare CSR ChangeMakers Summit and Awards 2024, organised by HEAL Foundation.
“Most CSR funds remain unutilised and are redirected to other government funds. CSR funds are allocated across 12 categories including education, health and art and literature. Proper utilisation of CSR funds could significantly benefit the society,” the minister said.
He also praised HEAL Foundation’s CSR initiatives in health and its support to marginalised athletes who won medals at international level.
He highlighted the success of the Suposhan Abhiyan, executed by HEAL Foundation, under his leadership as the Chairman of the Education Committee at East Delhi Municipal Corporation (EDMC).
Under the campaign, underprivileged children were provided iron and calcium-fortified biscuits, which raised their haemoglobin levels by 1.2 percent, according to a statement by the NGO.
The minister also commended the NGO’s work in helping underprivileged athletes win Bronze Medals at the International Canoeing and Kayaking Sprint Goodwill Cup in Moscow.
Indian Para-Athletes Vinai Kumar Kush and Krishna Kumar Samania won Bronze Medals at the Moscow Goodwill Cup.
The awards event celebrated Indian Boccia Athletes for their success at the World Boccia Challenger in Cairo, Egypt, winning six medals, including gold, silver, and bronze.
“Honouring the Boccia India athletes, medallists at the International Canoeing and Kayaking Sprint Goodwill Cup, and emerging shooters from the Naaz Foundation celebrates not only their sporting achievements but their embodiment of resilience and inclusiveness,” Dr Swadeep Srivastava, Founder & Chairman of HEAL Foundation, said.
“The CSR, at its core, should empower communities and drive meaningful, lasting change,” he added.
Anjali Devi won the Gold Medal in the BC-3 Individual Category, while Sachin Chamaria and Gayathri HM secured Silver Medal in the BC-3 and BC-1 categories. Govindbhai and Sarita Dwivedi took home Bronze Medal in the BC-2 and BC-3 Categories.
The HEAL Foundation said it gave Rs 25,000 each to all six athletes from its CSR fund.
Boccia India Chairman Ashok Bedi said, “Boccia athletes have shown incredible resilience and dedication, overcoming immense challenges to succeed on the world stage.”
Disclaimer: This media release is auto-generated. The CSR Journal is not responsible for the content.

CSR Program empowers rural women by transforming their careers with skill development

By
The CSR Journal
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CSR Program empowers rural women by transforming their careers with skill development
ACC, the cement and building material company of the diversified Adani Portfolio, continues to empower rural communities in Karnataka through upskilling. The Adani Foundation’s Adani Skill Development Centre (ASDC) at ACC Thondebhavi has been instrumental in equipping young people with the skills they need to thrive. Recently four inspiring success stories have emerged from this ASDC, demonstrating the transformative impact of its training programmes.
Channamma KS, a 36-year-old woman with a physical disability and speech disorder, faced several challenges in finding employment after completing her Bachelor of Arts degree. Relying on her farmer father, and her daily-wage labourer brother for support, Ms. Channamma’s life changed when she joined Saksham, ACC’s CSR upskilling initiative, and enrolled at ASDC Thondebhavi. After completing a three-month training there, she landed a job as a back-end executive at Google in Marathahalli, earning a monthly income of ₹ 15,000 with free food and accommodation. “I never imagined I would have this opportunity,” she said, adding, “ASDC gave me the skills and confidence I needed to succeed. I am so grateful as I can now support myself and my family.”
Gowthami GN had to discontinue her education after class 12 due to financial constraints. Her family, who relied on agricultural labour, often struggled to make ends meet. However, the future seems bright now as Gowthami joined ASDC Thondebhavi and enrolled in the Retail Sales Associate course. She secured a retail job with an annual pay package of ₹2.25 lakh upon completing her 2.5-month training. She said, “ASDC gave me the chance to learn new skills and build a better future for myself and my family. My parents are so proud of me.”
Sisters Vanaja GR and Nirmala GR were unable to continue their education after completing class 10. Their elderly parents, including their mother who suffers from chronic illnesses, depended on them for support. Recognising the need for skills and employment, they joined ASDC Thondebhavi’s Retail Sales Associate course in June 2023. As a result, they secured retail jobs upon the course completion. They now make a combined annual income of ₹4.51 lakh. The sisters excitedly said, “We are so grateful to ASDC for giving us this opportunity. We are now able to take better care of our parents and build a brighter future.”
ACC and the Adani Foundation’s initiatives via ASDC are highlighted through these success stories. They showcase how skill development can play a crucial role in empowering rural communities and fostering sustainable growth, while contributing to the country’s success.
Disclaimer: This media release is auto-generated. The CSR Journal is not responsible for the content.

CSR Initiative to Boost Digital Literacy Among Nursing Students

By
The CSR Journal
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CSR Initiative to Boost Digital Literacy Among Nursing Students
PNB Housing Finance, a leading housing finance company in India, has inaugurated Pehel Computer Labs in collaboration with Niramay Charitable Trust through its CSR arm, Pehel Foundation. The state-of-the-art computer labs, established in the Government Nursing College Ahmedabad and Surat, aim to enhance digital literacy among nursing students and faculty. The facilities will help more than 1000 students and faculties across both the colleges with online study material, references, assignments, and projects to promote nursing education and research.
The labs are equipped with latest technology and devices like computers, printers and high-speed internet connections, along with modern infrastructure, to offer a conducive learning environment and significantly promote nursing education and research.
Commenting on the initiative, Mr. Girish Kousgi, MD & CEO of PNB Housing Finance said, “One of the key intervention areas at Pehel Foundation is education, and our initiatives aim to elevate educational quality and accessibility through targeted support programmes across multiple regions. Our partnership with Niramay Charitable Trust will help nursing students and faculties get access to latest study material online, thereby promoting digital literacy among them. We believe that this initiative will foster progressive growth of the country.”
Dr Hariprakash Hadial, Program Director and Dr Apurva Ratnu, Managing Director, Niramay Charitable Trust, added, “We are grateful to PNB Housing Finance for their support and collaboration on this new initiative to launch Pehel Computer Labs. Through this partnership, we look forward to working together and making a positive impact on the lives of nursing students to help achieve their future aspirations.”
PNB Housing Finance and Pehel Foundation remain committed to supporting educational initiatives that empower individuals and communities, fostering a brighter and more inclusive future for all.
Disclaimer: This media release is auto-generated. The CSR Journal is not responsible for the content.

Unspent CSR Funds hits five year high at Rs. 1475 Cr. in FY 23

By
Hency Thacker
-
Unspent CSR Funds hits five year high at Rs. 1475 Cr. in FY 23
The unspent CSR funds stood at a five-year high of Rs. 1475 crore during the financial year ending on 31st March 2023. According to the National CSR Portal, a lot of listed companies above a threshold have failed in spending the required amount of funds on Corporate Social Responsibility (CSR).

Amount Spent

In total, the listed companies in the country spent Rs 15,602 crore on CSR initiatives during FY23. However, they were required to spend Rs 15,787 crore, according to data from corporate tracker primeinfobase.com. While the difference in spending required vs actual amount spent is Rs 185 crore, some of the companies exceeded their mandatory csr spending, thus covering up for the lack of prescribed spending by other companies.
The aggregate amount unspent in stood at Rs 1,475 crore by those companies that incurred less than the mandated sum on CSR, as per the data in their annual reports.

Mandatory CSR

In India, according to the Company’s Act, the companies that meet the criteria on the basis of net profit, turnover, and net worth are required to incur at least two per cent of their average net profits during the immediately preceding three financial years on CSR activities such as initiatives on environment, health, skill development, drinking water, and sanitation.
This covers all companies listed on the NSE and those exclusively listed on BSE with a market capitalisation exceeding Rs 1,000 crore.

The Deficit

The listed companies in India allocated Rs 99 for every Rs 100 mandated for CSR projects. This marks the lowest ratio in the past five years. In FY2020, these companies spent Rs 111 for every Rs 100 required.
On average, each company spent Rs 11.29 crore on CSR in FY23, a four per cent decrease from FY22 and a nine per cent decrease from FY21. Listed companies, on aggregate, spent 1.91 per cent of their net profits on CSR, less than the prescribed requirement.
According to the National CSR Portal under the Ministry of Corporate Affairs, the number of defaulting companies whose expenditure has been less than the prescribed amount is 4,855, one-fifth of the total companies.
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