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FICCI for deduction in CSR expenditure irrespective of turnover in Budget

Industry chamber Ficci recommended the government to cut corporate tax rate across the board to 25% irrespective of turnover in the forthcoming Budget to spur economic growth and increase overall tax collections. The chamber has also suggested revision in the tax slabs for the individual taxpayers with the top 30% rate to be applied beyond...
Ratan Tata and AM Naik

CSR is fighting cancer in the country

Corporate social responsibility and corporate philanthropy are emerging as major supporters in the fight against cancer in India. Breast cancer Fujifilm India conducted a conference on breast cancer in December 2018. Amulet- TAB (Together Against Breast Cancer) aimed to trigger behavioural change and to build awareness on the fact that early detection of breast cancer can...
cow shelters

UP Government is Encouraging CSR Funding for Cow Shelters

Struggling to check stray cows, the Yogi Adityanath government has asked all district magistrates in the state to explore the option of getting companies to run temporary cow shelters as part of their corporate social responsibility obligations. An order issued by the UP government to all senior administrative officials in districts mentioned this as part...
mining

Why are PSUs spending 80% of CSR funds in mining areas?

Noting that over INR 15,500 crore was disbursed to states for projects under District Mineral Foundation (DMF), a parliamentary panel has asked the government to review mandatory provision of spending 80% of CSR funds by companies in mining areas to avoid overlapping. DMF has been set up in states under a mining Act to implement...
cow shelter

Adityanath govt wants CSR funds to be used to run cow shelters

Facing flak over stray cattle damaging crops and causing road accidents in Uttar Pradesh, the Adityanath government has issued an order to all district magistrates in the state to explore the option of getting companies to run temporary cow shelters as part of their corporate social responsibility (CSR) obligations. This is part of the state...
csr funds arun jaitley

CSR funds worth INR 8,314 crore remained unspent over three financial years

Corporate Social Responsibility funds worth over Rs 8,314 crore remained unspent over three financial years starting from 2014-15, according to the government. Under the Companies Act, a certain class of profitable entities are required to shell out at least two per cent of their three-year annual average net profit towards CSR activities in a financial...
CSR news

CSR Not to be Treated as Peripheral Activity, Says Union Minister

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 has said. The Minister of State for Corporate Affairs also emphasised the CSR activities help in bridging the gap between rural and urban areas. Under the Companies Act,...
Swachh Bharat Kosh

NCL Donates Rs 1 Crore for ‘Swachh Bharat Kosh’

The Northern Coalfields Limited (NCL), a Coal India subsidiary, has contributed Rs. 1 crore towards the government's 'Swachh Bharat Kosh'. 'Swachh Bharat Kosh, established under the Department of Expenditure, Ministry of Finance of the central government, was set up to attract Corporate Social Responsibility (CSR) funds to be used for PM Modi's 'Swachh Bharat' campaign. An...
coal mining

CSR: Meghalaya Miners in a Rat Hole

15 Indian miners went down in an illegal coal mine in the Jaintia Hills district in Meghalaya on 13 Dec. There is no news of their return even after two weeks since they left. Apparently, the men have stuck in the 370 feet deep mine since it got flooded. The incident has not happened for...
CSR survey

Companies in India spent 75.36 billion rupees on CSR this year

Companies in India spent INR 75.36 billion on corporate social responsibility (CSR) activities in 2017-18, a 47% rise compared to 2014-15, says a survey. "This is a significant rise, clearly demonstrating higher expenditure towards CSR activities from the mandated year, 2014," said the KPMG India CSR Reporting Survey 2018. The cumulative expenditure by top 100...
Arun Jaitley

Jaitley says a new beginning made with CSR in last 4 years

Finance Minister Arun Jaitley has said, a new beginning has been made in the past four years in India regarding Corporate Social Responsibility. Addressing a function at AIIMS, New Delhi, Jaitley said, social sectors in India get funded more on a community basis except for this new beginning. Analyzing the means of funding for India's healthcare...
protest

Villagers of Bebejiya under Golaghat district stage protests against ONGC

Blaming the Oil and Natural Gas Corporation (ONGC) for the dilapidated road condition of Bebejiya village under Golaghat District of Guwahati, local villagers staged a road blockade last Friday. According to the villagers of Bebejiya, the Oil and Natural Gas Corporation (ONGC) was carrying on its activities at Bebejiya village in Baroghariya for a long...
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