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RBI Proposes Changes to India’s CSR Laws to Promote Corporate Action on Climate Change

The Reserve Bank of India (RBI) has released a paper outlining five strategies to promote corporate action on climate change through the use of Corporate Social Responsibility (CSR) funds. The report focuses on the decade-old CSR laws regulated by Section 135 of the Companies Act, 2013 and the potential to amend them to support...

The Green Diesel and CBG industry proves more Promising and Eco-friendly: Here’s why

Energy is the driving force behind every country’s growth. Among all forms of fuels, the most intriguing and environmentally friendly today are the green diesel and CBG sector. The use of these goods has dramatically increased in recent years as a result of the fact that they provide a far cleaner and more effective...

Admission begins in 80 Schools of Excellence launched by Jharkhand Chief Minister

The process of admission has begun in the 80 Schools of Excellence inaugurated by Jharkhand Chief Minister Hemant Soren in various districts across the state. For admission to 1st, 6th and 9th standards, the last date for submitting the application is 15th May, while admission tests would be conducted on 19th May. In a historic...

India’s Proposed Green Ports Policy: A Step Towards Sustainable Transportation

India is taking a big step towards reducing its carbon footprint in the transportation sector through its proposed Green Ports Policy. This policy is geared towards making India's ports more sustainable while promoting the adoption of cleaner energy sources for trucks. The policy also has ambitious targets for increasing green cover and electrification levels...

CSR news: Company fined Rs 1 crore by RoC Mumbai for not utilising Corporate Social Responsibility funds

The Registrar of Companies (RoC), Mumbai region has reportedly imposed a whopping amount of Rs 1 crore as penalty on RHI Magnesita India Ltd, a leading supplier of high-grade refractory products for allegedly failing to utilise its Corporate Social Responsibility or CSR funds. According to a news report, the RoC has penalised the company for...

National Technology Day 2023: Top Tech Companies for CSR in India

National Technology Day is being celebrated across India today to honour scientists and engineers. The beginnings of this national holiday, however, are less benign. May 11 is when the Indian Army conducted three nuclear tests at the Pokhran Test Range in Rajasthan in the year 1998. The code name was Operation Shakti. There were...

India’s Corporate Social Responsibility (CSR) Spending Remains Stagnant in FY22: Study

Corporate social responsibility (CSR) spending in India for the financial year 2021-22 remained stagnant at Rs. 14.6k crore, which is the same as the previous year. The country has significant social and environmental issues that require attention, making the lack of increase in spending surprising. According to a recent study, companies have also failed...

How Lotus Petal Foundation is providing school education to underprivileged children in Gurugram

Of the 17 Sustainable Development Goals established by the United Nations in September 2015, Sustainable Development Goal 4 or SDG 4 is about quality education. Sustainable Development Goal 4 aims at ensuring inclusive and equitable quality education and promoting lifelong learning opportunities for all. Lotus Petal Foundation is an NGO that works in the area...

Addressing the Global Pushback Against Women’s Empowerment: The Urgent Need for Continued Action

"The increasing global pushback against the rights of women and girls and the declining security and safety for women and girls continue to be alarming,” said Nagaraj Naidu Kakanur, Joint Secretary (G20), Union Ministry of External Affairs, ahead of a G20 meeting. Women's empowerment has been a pressing issue for many years now. During a...

The Rise of Fast Fashion: Impact on Fashion Retail

In recent years, the fashion industry has seen a significant rise in the popularity of fast fashion. Temu, an e-commerce platform, is also joining the ranks of fast fashion retailers. With the rise of e-commerce and online shopping, Temu has quickly become a dominant force in the industry, catering to consumers who prefer the...

Top CSR Initiatives in Visakhapatnam

Visakhapatnam, also known as Vizag is a port city in the state of Andhra Pradesh. The city is blessed for its natural harbour, attracting a flourishing shipping industry within its borders. In order to further promote the industries, the government has set up special economic zones in the port city, which attracts a lot...

World Red Cross Day and the role of Red Cross globally

World Red Cross Day and Red Crescent Day is celebrated on 8th May every year by the Red Cross society across all the countries. This day marks the birth anniversary of founder of the International Committee of the Red Cross, Henry Dunant, who was born on 8 May 1828. The first 'International Red Cross...

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