Business Ethics & Philanthropy

Any company in India with revenues more than Rs 1,000 crore has to compulsorily invest 2 percent of its profit on developmental activities, be it poverty eradication, gender, hunger or education. After trying to find loopholes in the law and figuring out ways of not ploughing...

Bengaluru recently witnessed its 10th Pride Parade ‘Namma Pride’, which literally translates to My Pride, on November 26th. Through this event, a crowd of 7000 people, predominantly coloured in rainbows, came onto the streets to profess their acceptance of people from the LGBTQIA community and to fight for their rights. With placards held high,...

In today’s world, youth unemployment is a considerable social tragedy, with one third of young people worldwide without access to education, training or a job of any kind. 40% of the world’s unemployed people are youth aged 15-24, according to the International Labor Organisation (ILO). Thyssenkrupp Elevator is partnering with SOS Children’s Villages to support...

The real scenario of India is that the populous unorganised sector lives as working poor. The   ‘unorganised’ sector, also termed the ‘informal’ sector constitutes the backbone of the enormous labour force of India. This sector of workers forms more than 90% of the country’s workforce and contributes to more than 50% of the national economy....

The social spend of public sector undertakings fell 10% in 2016-17 from a year ago, even as the total expenditure on Corporate Social Responsibility (CSR) activities by NSE-listed companies saw an increase of 5%, according to data from PRIME Database. The total social spend of 49 PSUs went down to Rs 2,630 crore from Rs...

Mumbai Police is set to establish a police foundation for the betterment of the force and the welfare of the police personnel. According to a Times of India report, CM Devendra Fadnavis-led home department of the Maharashtra government gave permission to the police commissioner Datta Padsalgikar to register the foundation as a public trust....

India has emerged as the top country for reporting corporate responsibility information in the annual financial report of companies, but the quality of disclosures has to improve, according to a KPMG survey. KPMG has published this survey on CR Reporting since 1993. The 2017 survey is the 10th edition, with research carried out from across 49 KPMG...

What can be a bigger gift than the gift of sight? Unfortunately, millions of elderly people lose this precious gift due to a lack of funds to do a simple cataract surgery. Cataract operations performed in cities like Bangalore typically cost between INR 8,000 to 12,000 depending on the case and complexity (with Indian...

Businesses in Dubai are being urged to step up their social services activities in exchange for special incentives, such as considerable discounts on government fees. During a roundtable discussion on Wednesday, Ahmad Abdul Kareem Julfar, director-general of the Community Development Authority (CDA) said these fees could be slashed by "up to 50 percent" in the...

Penal action will be initiated against 160 firms for failing to comply with CSR norms under the companies law, according to Union minister P P Chaudhary.

Senior officials of Kamarajar Port Limited, a major State-run port, have been booked on charges of misappropriating funds allocated to Corporate Social Responsibility (CSR)

It is important to inculcate, recognise and credit a winning culture. Creating a winning culture allows you to develop channels to tap into your employee base for ideas which foster creativity