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Supreme Court of India

Corporates should build Private Jails under CSR: Supreme Court

The Supreme Court has suggested that large corporations create private jails in response to its concerns about the state of the nation's prisons. The Supreme Court ruled that large corporations can construct private prisons as part of their CSR. The Concept of Anticipatory Jail “In Europe, there is a concept of private jails. Then there is...

The Government to Launch National CSR Exchange Portal to Enhance Efficiency in CSR Spending

Corporate Social Responsibility (CSR) is mandatory in India by law, under the Companies Act, 2013. The law has brought so many companies under the purview of CSR, making CSR spending more streamlined and formal. As the CSR sector grows more efficient, it is imperative to observe its role in national development and to identify...

5 Important Factors to Consider Before Opening a Current Account for Your Business

Managing a business’s finances is not an easy task. Every day, a business, whether small or big, processes financial transactions such as payments from customers, salaries, bills, payments to vendors, etc. For smooth transaction, a business needs to have a separate bank account that allows them the flexibility to make many transactions per day, does...

Parliamentary Committee Express Concern over Monitoring of CSR Spending

The Parliamentary Standing Committee on Finance has requested the Ministry of Corporate Affairs (MCA) to examine the top ten private companies' corporate social responsibility spending, sector by sector and by parliamentary constituency, and provide a report within three months. Concerns over Monitoring Mechanism of CSR Funds The committee voiced its concerns about the CSR spending monitoring...

Rs. 1 trillion Spent on CSR in Seven Years by India Inc: MCA

India has had a CSR mandate in place since financial year 2014-15. Ever since that time, the companies in India have been diligently dedicating 2 per cent of their profits to CSR. This has led to increased CSR spending by companies – even from those that do not fall under the mandate. According to...

On International Women’s Day, Safe Water Network hosts a virtual roundtable on ‘Water Knowledge Resource Centres as Lighthouse for Women Empowerment’

On International Women's Day March 8, 2022, Safe Water Network, the internationally renowned NGO, held a virtual roundtable to present its insights on how water ATMs are not only providing affordable, safe water access but are leveraged as 'Water Knowledge Resource Centres' having a lighthouse effect on Women Empowerment. The panelists at the session included...

IIM Udaipur Launches India’s First Student-Driven Impact Investment Fund

Indian Institute of Management Udaipur launched a student-managed Impact Investment Fund (IIF) focusing on investing in early-stage projects or start-ups that create a social and environmental impact on society. The Impact Investment Fund (IIF) initiative aims to support entrepreneurs who have the potential to leverage their expertise and skills to create an impact for the...

India’s Social Service Expenditures Increased by 9.8% in FY22: Economic Survey

The government's spending on social services, such as health and education, increased during the past year. According to the Economic Survey 2021-22 released on 31st January 2022, the Centre and state governments earmarked 8.6% of GDP for social services, spending of Rs. 71.61 lakh crore in the current financial year. This is 9.8 per...

MeitY CoE Enterprise Innovation Challenge with NASSCOM calls for tech innovation to achieve ESG Goals

As businesses and corporates undergoes a paradigm shift leveraging ESG measures to compute the ethical and sustainable impact of their investments, Ministry of Electronics & Information Technology (MeitY) Centre of Excellence (CoE) for IoT & AI in collaboration with KITS (Karnataka Innovation & Technology Society) and Nasscom launched the 2nd edition of the Enterprise...

YVO’s Future Leaders Programme (FLP) Invites Applications for March 2022 Batch

YVO’s Future Leaders Programme (FLP) is inviting applications from students and educational institutions to join its new batch, beginning in March 2022. The programme introduces social entrepreneurship to young minds, combines leadership and social service and makes social service more accessible to youth aged 16-25 years. Future Leaders Programme (FLP) was launched in 2020 by...

The first user-friendly pictorial field guide to the Trees of Arunachal Pradesh

Biologists from the Nature Conservation Foundation and the Wildlife Institute of India have published the first ever pictorial field guide to the Trees of Arunachal Pradesh, a region famed for its biological diversity. Authored by three seasoned field biologists - Dr. Navendu Page of the Wildlife Institute of India, Dr. Aparajita Datta and Bibidishananda Basu...

Metropolis Healthcare’s MedEngage Scholarship is inviting applications from medical students

Diagnostics service provider Metropolis Healthcare is pleased to announce the launch of the 3rd edition of MedEngage Scholarship program and is now inviting applications from the final year MBBS and MD/DNB students. The last date to apply for this programme is 18th January 2022. For more details of MedEngage Scholarship programme, students can log onto...

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