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The civil aviation industry in India has been one of the fastest growing industries in the country in recent years. India is currently the world’s third largest domestic civil aviation market and expected to become the largest in the next 10 to 15 years. The number of passengers carried by domestic airlines during 2017 was...

While there may not a fixed definition to corporate social responsibility (CSR), it is fundamentally a belief that companies have certain social, environmental, and ethical responsibilities they need to address. Businesses must use their resources to solve real-world problems which impact not only their immediate environment and stakeholders but society in general. Among these...

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...

Corporate social responsibility and corporate philanthropy are emerging as major supporters for resolving the cancer epidemic. CSR is fighting cancer tooth and nail. CSR is fighting cancer Tata Trusts Chairman Ratan Tata believes that the Tata Trusts in association with the Government would be able to set a pattern to reduce the deaths caused by cancer...

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...

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...

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...

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...

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,...

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...

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...

Companies in India spent INR 7536 crores 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...