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Business Ethics & Philanthropy

Indian Entities Extending Support to COVID Orphans

The second wave of COVID-19 has been particularly disastrous for India. The healthcare systems have crashed and people have been losing their lives at a great speed. Amid this, many children have suffered the loss of one or both parents, leaving them mentally and financially unstable. These COVID orphans need additional support from the state,...

IIFL Home Finance will raise Rs. 2 crore on GiveIndia platform for Covid relief

Housing finance company IIFL Home Finance has committed to raise Rs 2 crore to support COVID patients, their families and healthcare workers across India. They have initiated a fundraising campaign on GiveIndia for this purpose. The funds will be used for providing oxygen supply and life-saving equipment, help low-income families bereaved by COVID, overcome their...

Karnataka government is reaching out to corporates with new CSR portal ‘Akanksha’

Among the highest spenders on corporate social responsibility, the State of Karnataka enjoys the warm support of corporates, mostly comprising technology companies that are conscious of societal welfare. Private companies in Karnataka spend CSR funding largely on health, education and environmental initiatives. Organisations like Infosys, Wipro, Accenture, Biocon, Sobha, Bosch, ABB India, Titan have not...

Companies gain new CSR benefit for March 2020 donations to PM CARES Fund

Ever since the pandemic became the big news of 2020, donations for the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) have been pouring in from responsible citizens and corporates alike. Prime Minister Narendra Modi is the ex-officio Chairman of the dedicated national fund formed for the purposes of...

Metlife Foundation donates $1.2 million for Covid-19 relief work in India

In light of the continuing pressures on healthcare, frontline workers, individuals and families, MetLife Foundation has donated $1.2 million, to support relief efforts and alleviate the strains on India’s healthcare system. The donation will be channelled through not-for-profit organizations that are working in close collaboration with central and local governments: Habitat for Humanity, American India...

ABB Global Report Shows Commitment to People

ABB is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. Formerly ASEA Brown Boveri, it is a Swedish–Swiss multinational corporation headquartered in Zürich, Switzerland. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to...

GST Considerations vis-à-vis CSR Expenditure

By Adarsh Somani and Mohammad Asif Mansoory, Economic Laws Practice Corporate Social Responsibility (CSR) is the corporate’s way of acknowledging its responsibility towards society by contributing to the economic and social welfare of all the stakeholders. CSR has largely been viewed as a voluntary exercise and a strategic initiative that contributes positively to the brand. Further,...

EdelGive’s GROW Philanthropic Fund will extend long term support to 100 grassroots NGOs

EdelGive has announced GROW, (The Grassroots Resilience Ownership and Wellness Fund), a collective of philanthropists, to support and sustain over 100 NGOs post the distress caused by COVID-19. As the world is currently reeling under the impact of the COVID-19 pandemic, it has been the grassroots networks on the ground that have been the first...

Thank GAAD! It’s 2021 Global Accessibility Awareness Day

Today is the tenth Global Accessibility Awareness Day (GAAD). The third Thursday of every May is celebrated as GAAD. What is GAAD? The purpose of GAAD is to get everyone talking, thinking and learning about digital access and inclusion, and the more than one billion PwD (persons with disabilities or impairments). Over a billion of the...

Mahindra & Mahindra Ltd. joins The Valuable 500 movement for disability inclusion

Global business collective, The Valuable 500, announces it has reached its goal of 500 international organisations committing to put disability inclusion on their board agenda, making it the world’s biggest CEO collective for disability inclusion. Since The Valuable 500 was launched at the World Economic Forum Annual Meeting at Davos in 2019, some of the...

FAQ on Latest Amendments for Corporate Social Responsibility in India

The powerful Ministry of Corporate Affairs (MCA) has announced a slew of amendments to CSR provisions that will ensure stricter compliance by the companies and streamlined implementation for agencies. They will also ensure that companies will have a harder time wiggling out of compliance and actual spending year on year. From the activities that...

The Ultimate Report on CSR of Infosys Limited

The name Infosys resonates with Corporate Ethics in the Indian Corporate Arena. Infosys is the flagship company of India's mighty ITES ( Information Technology Enabled Services) sector. Along with sustained financial performance, the company was an early adopter of Corporate Social Responsibility initiatives.  Infosys addresses some of India's most pressing development challenges in the areas...

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