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While the steady increase in companies’ corporate social responsibility (CSR) spends since 2014 under the Companies Act is to be welcomed, a disaggregated look at the spending leads to the disturbing conclusion that CSR funds are becoming subject to political pressures. In 2017-18, the mandatory CSR expenditure under Section 135 of the Companies Act was...

There are about 3.1 million NGOs in India – of which around 1.2 million are operational – there is little verifiable data available to make an accurate assessment of the sector. Companies like Impactify and Samhita are bringing a shift in the mindset among corporates by making them understand that they need to be involved in...

India has pledged to spend $100 billion more on health care over the next seven years with an emphasis on reducing maternal mortality rates, the Guardian reports. Prime Minister Narendra Modi announced the commitment Wednesday at the 2018 Partners Forum, where organizations joined together to work on improving maternal and child health. India’s increased budget...

Corporate Social Responsibility (CSR) works should be part of the long term strategy of companies and should not be treated as ad hoc activities, Union minister P P Chaudhary said on Tuesday. The Minister of State for Corporate Affairs also emphasised the CSR activities help in bridging the gap between rural and urban areas. Under...

Nestle India Limited spent more than the prescribed 2% in corporate social responsibility programs in the financial year 2017-18. While the prescribed CSR expenditure as per Section 135 of the Companies Act, 2013 was 26.88 crore rupees, actual expenditure incurred during the year amounted to INR 26.91 crores. With its CSR Policy focus areas firmly...

The World Bank Group announced a major new set of climate targets for 2021-2025, doubling its current 5-year investments to around $200 billion in support for countries to take ambitious climate action. The new plan significantly boosts support for adaptation and resilience, recognizing mounting climate change impacts on lives and livelihoods, especially in the world’s...

Petroleum minister Dharmendra Pradhan urged the industry to spend up to 10% of their profit on corporate social responsibility (CSR) as this is needed to help the country develop faster. The comments come even as reports suggest that the NSE-listed companies found no takers for their CSR funds to the tune of INR 1,717 crore...

The Royal Bengal Tiger was declared as the national animal of India in 1973. The move was a part of ‘Project Tiger’ to check the shrinking population of these big cats. When the project was launched from Corbett’s Dhikala range, the Royal Bengal Tiger was facing extinction with only about 268 wild cats according to...

As part of their journey to attract talent and empower the youth, PepsiCo India, one of the largest food and beverage companies in the country, conceptualised a campus challenge called - ‘Change the Game’. The initiative, now it its third edition, is a much sought-after campus challenge that provides young talent a platform to...

Cinépolis organised a special movie screening in association with Round Table India for underprivileged kids. This initiative is part of Cinépolis’s endeavour to change the lives of young children for the better. This year, Cinépolis treated over 4700 underprivileged children by screening the action sci-fi thriller 2.0 at Cinépolis cinemas across 18 cities. Javier Sotomayor,...

Honda Cars India Limited, leading manufacturer of passenger cars in India today signed a Memorandum of Understanding (MoU) with Automotive Skill Development Council (ASDC) for accreditation of its premier training centre - Honda Vocational Training Institute (HVTI) in Tapukara, District Alwar, Rajasthan. The MoU was signed by Mr Praveen Paranjape, Sr VP and Director...

A new report by the United Nations’ regional arm, the Economic and Social Commission for Asia and the Pacific (ESCAP), is calling on countries across Asia and the Pacific to beef up their spending on people, pointing out how greater investment in social protection can be a game changer for ending poverty. The report, Social Outlook...