Other News

The Union Budget 2023–24 will be unveiled by Finance Minister Nirmala Sitharaman at a time when the world economy is struggling due to recessionary pressures. It will be challenging for FM Sitharaman to support GDP growth, safeguard the Indian economy, and still adhere to the fiscal deficit objective in the India Budget 2023. The...

“Agar firdaus bar roo-e zameen ast, Hameen ast-o hameen ast-o hameen ast. (If there is a paradise on earth, it is this, it is this, it is this),” the beauty of Kashmir can perhaps be best described by 13th century Indo-Persian Sufi poet-musician Amir Khusrau’s couplet. The tourism industry has experienced perhaps its all time...

Since 2011, 25th of January is observed as National Voters' Day in India to mark the foundation day of the Election Commission of India (ECI), which was formed on this day in 1950. The purpose is to encourage young voters to participate in the polling process. For this, the government of India announces and...

Christmas is in the air! This is that time of the year when we flock to bakeries to taste finger-licking flavours of Christmas cakes or bake at home. This is that time of the year when tea cakes, cup cakes, sponge cakes, marble cakes, plum cakes, rich dry fruit cakes, wine cakes, dates, walnut,...

Just a couple of weeks ago, Sukhant Funeral Management became a hot topic in social media along with a picture of the company’s stall at Delhi’s Trade Fair going viral across platforms. The name of the company and picture of their stall drew mixed reaction from netizens leaving some people shocked, some surprised and...

World Cotton Day is observed across the globe on the 7th of October every year. On this day, Dubai-based noted plastic and cosmetic surgeon Dr Vikas Kumar Verma opens up to The CSR Journal talking about the health benefits of wearing cotton clothes, benefits of using cotton bedsheets and pillow covers at home and...

Every year, World Cerebral Palsy Day is observed on the 6th of October. What is cerebral palsy? Is it curable? How children with cerebral palsy are different from others? What are the social, physical and emotional problems people with cerebral palsy have to face every day? Manjusha Singh, special educator and in-charge, Cerebral Palsy...

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...

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...

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...

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...

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...