Business Ethics & Philanthropy

Companies will now be required to use their CSR funds to cover 10 per cent of internship costs, as announced by Union Finance Minister Nirmala Sitharaman in her budget speech on July 23, 2024. The initiative is aimed at creating opportunities for one crore youth in the top 500 companies over the next five years....

The commitment of Indian conglomerates to Corporate Social Responsibility (CSR) has seen a 53 per cent increase between financial years 2017-18 and 2021-22, according to the Economic Survey. The substantial and consistent growth in CSR spending sheds light on the hoslitic approach towards social development at the hand of both - government and private...

Corporate Social Responsibility (CSR) is the responsibility the corporates have towards the society and the environment. The essence of this responsibility is that the society and environment contribute to the profitability of a company. Thus it is the responsibility of the company to ensure that it gives back to the society and environment to...

HDFC Bank, one of the highest CSR spenders in India, reported an expenditure of Rs 945.31 crore on Corporate Social Responsibility (CSR) initiatives for the Financial Year 2023-24 in its Integrated Annual Report. The bank had spent Rs. 820.89 crore in FY 2023, which means there has been an increase of Rs 124.42 cr...

Tucked away in the northeastern part of India, Sikkim is a stunning place known for its natural beauty and diverse culture. It's a unique destination for travellers seeking adventure and tranquillity. In the financial year 2022, Sikkim received a significant sum of Rs. 28.24 Crores in CSR funds from 22 big companies. Among the top...

The capital city of Bihar state, Patna used to go by many names – Pataliputra, Patalipattan, Pataligram, Kusumpur, and Azimabad. Patna district is the most populated in all the districts of Bihar. It is one of the oldest inhabited places in the world, its history and tradition dating back to the dawn of civilization....

JSW Steel is India’s leading and one of the world’s most efficient integrated steelmakers. The Company led by Sajjan Jindal, spent Rs. 235 crores on its Corporate Social Responsibility (CSR) projects during the fiscal year 2023-24. It has aligned its CSR programs to the key areas of health and nutrition, education and learning, agri-...

Corporate Social Responsibility (CSR) helps gain customer trust, raise awareness, and encourage social change. Corporate Social Responsibility helps not just beneficiary communities and the environment, but the company practising it as well. CSR helps companies in developing credibility with their stakeholders. CSR offers them a chance to showcase the work that they have been...

The Mahakumbh Mela Authority has invited both government and non-government organisations to participate in the Maha Kumbh-2025 by contributing through corporate social responsibility (CSR) funds to enhance arrangements and amenities at the venue. The state government of Uttar Pradesh has allocated a budget of Rs 2,600 crore for the event, which will be held in...

Uttar Pradesh (UP) is the most populous state in India. Considering that the land is well drained by many rivers, the major contributor to the state’s economy is the agriculture sector. Uttar Pradesh is a state with a lot of political importance. Many of the Prime Ministers of India hail from the state of...

In a meeting with top pharma giants operating in the state, Telangana Health Minister Damodar Rajanarsimha on Monday urged them to provide Corporate Social Responsibility (CSR) funds for improvement of medical services and infrastructure at government hospitals like Osmania General Hospital and Gandhi Hospital. The minister asked the pharma majors to donate CSR funds...

Mysuru or Mysore, also known as the cultural capital of Karnataka is the third largest and second most populated city in the state. The city is famous for its silk and is also a thriving sandalwood and incense centre. The city has always enchanted tourists and visitors with its magnificent palaces, beautiful gardens and...