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Union finance minister Arun Jaitley has called for strict discipline and an arm's-length between corporate proposals and spending on corporate social responsibility (CSR) to ensure that companies are not supporting "their own proposals" from this sphere. Delivering the keynote address at an award function at the HCL office in Noida's Sector 126 on Tuesday, Jaitley said the idea of CSR...

Now companies can go Swachh Bharat shopping. Looking at increasing the participation of the private sector in its flagship programmes, the Narendra Modi government is opening a marketplace to put up all the cleanliness projects it wants help with. The Ministry of Urban Development is roping in industry groupings including Confederation of Indian Industry, FICCI...

Nanma Maram is an initiative based in Cochin to feed the hungry homeless. The Street Store is a global pop-up store for the poor homeless people to fetch some clothes and footwear for free. Another initiative called Roti Bank provides food to elderly and homeless after collecting them from different sources. The thought behind...

Three years since the Companies Act, which enabled essential reforms in governance, transparency and accountability – the landscape of Indian development sector is changing. Many corporate organisations falling under the ambit of the CSR law have taken the necessary steps to adhere to the guidelines. The potential investment in CSR from Indian Inc annually...

More companies are now spending more in corporate social responsibility (CSR) and top 100 listed companies have seen a jump of about 25% in their spending in last year, according to a research by IiAS. Overall spends of S&P BSE 100 companies increased 25% to Rs.65.5bn, or 1.7% of their three-year average profits. The largest...

Roping in philanthropists and corporate funding, the BMC plans to provide English medium education to students of 35 vernacular schools that were recently shut down due to poor attendance. Promising "superior education" at these schools, the BMC plans to induct professional management groups to run the institutes and convince parents to send back their children....

“If a minor is raped, the rapist has to marry the victim. This is an important issue we are fighting against. We are aiming to create stability and a sustainable environment for all. We want to do our best as the Nobel Peace Prize is a heavy responsibility,” said Najet Zammouri, Vice President &...

It was interesting to read a series of tweets consolidating year 2016 from the International Spectator on Twitter. Some of these include, India tops the GDP charts with 7.2%; India stands third position with 111 billionaires, next to US and China and military spending is around 51$ billion, ahead of Japan and Australia. Ironically,...

Development regulations in Tamil Nadu are a taking a definite green turn, with the authorities involved considering a slew of proposals to address water, waste, green cover and other environmental concerns for all the new buildings. The initiative comes at a time when environmental issues are increasingly becoming a matter of serious concern. The...

The National CSR conclave was recently inaugurated in Ahmedabad. During the function experts called for companies to focus on the social outcomes of their respective CSR (Corporate Social Responsibility) initiatives. Expert stakeholders were of the opinion that most companies still consider the mandatory 2% CSR spending to be a burden and therefore, their focus...

The government today said show- cause notices have been issued to 1,018 firms for violating CSR norms under the companies law. A Certain class of profitable companies have to shell out at least 2 per cent of their three-year annual average net profit towards Corporate Social Responsibility (CSR) activities under the Companies Act, 2013. In case...

A report titled ‘Best Foot Forward: Enhancing the Employability of India’s Adolescent Girls’ was unveiled at the Dasra Philanthropy Week in association with Bank of America. The report dwells upon the need to create awareness around the issues faced by adolescent girls in terms of being employable. It highlights the fact that although secondary...