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“In the midst of the economic slowdown in the country, the retail industry performed fairly well. From the budget 2020, we expect the government to re-consider GST rate on apparels and clothing, thus ensuring more money in the hands of the middle class leading to an increase in demand and consumption. This will positively...

Corporate Social Responsibility (CSR) plays a very important role in the development of a country. A country with capitalists that are socially and environmentally conscious not only improve the economy of the country but also takes the society along with it in its path to progress. CSR contribution is not beneficial only in monetary...

Combined efforts made by the world can achieve miraculous results. This has been proven with a confirmation from NASA and US National Oceanic and Atmospheric Administration (NOAA) that Ozone hole over Antarctica is healing and that it is the smallest observed since 1982. According to scientists, the largest the hole became this year was about 7.6...

India saw about 2.3 million pollution-related premature deaths in 2017, according to ‘The Pollution and Health Metrics: Global, Regional and Country Analysis’ report from the Global Alliance on Health Pollution (GAHP). Globally, over 15% of deaths and about 275 million Disability-Adjusted life years were accounted for pollution. In fact, an astounding fact that came out...

The Union Minister for Environment, Forest and Climate Change (MoEF&CC), Prakash Javadekar delivered India’s Statement at the 25th session of Conference of Parties under the UN Framework Convention of Climate Change (UNFCCC) COP25, in Madrid, Spain yesterday. Climate change is real, said Javadekar, observing that the world recognized it and adopted a comprehensive agreement in...

Two of the three independent directors who resigned from the board of Zee last week have cited corporate governance concerns for their departure from the company. Subodh Kumar and Neharika Vohra, who tendered their resignations on November 22, listed out seven reasons for their resignations. One objection raised by the duo was regarding laxity...

CSR mandate in India has given space for new businesses to exist – the CSR consulting and implementing agencies. These agencies are responsible for coordinating with the corporates and non-profits. They also assist the corporates in selecting the best projects suitable for their brand and even implementing them. According to a report, CSR spending by...

All women and their children should be free to breastfeed in public, anytime, anywhere. Breastfeeding has amazing health benefits for both mother and child. For toddlers, having breast milk for the initial six months is mandatory because of the nutrition quotient present in the milk. This helps the toddler to build a healthy immune...

Bharat Petroleum Corporation Limited (BPCL)’s Kochi Refinery employees are revolting against speculation about the company giving into privatisation. After FInance Minister Nirmala Sitharaman stated that BPCL will be sold to a private entity by March 2020, employees and workers across the nation have joined hands to take a nationwide strike on November 28. BPCL, the...

Almost all the North East states and particularly Mizoram and Nagaland are least favoured destinations for corporate philanthropic activities in India in the form of their Corporate Social Responsibility (CSR). According to data by provided by the Minister of Finance and Corporate Affairs, Nirmala Sitharaman on November 18 in reply to a Starred Question in...

India is the first country in the World to have mandated Corporate Social Responsibility through Companies Act 2013. As per the law, companies need to adopt a business-like approach and to create a strategic CSR framework, that leads to socio-economic development and curb environmental issues by promoting sustainable and scientific solutions. CSR was a norm...

Apart from Rajasthan, the latest news is that Punjab will have a CSR advisory board with the CM at the helm. In a bid to streamline various CSR activities and to create a neutral platform involving all the stakeholders, the Punjab Cabinet last week approved the constitution of Punjab Corporate Social Responsibility (CSR) Advisory...