Other News

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...

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...

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...

According to Reuters, social media will play a major role in 2019 elections in India. The role of social media including Twitter, Whatsapp and Facebook was noteworthy in the 2014 general elections. With the Congress party all geared up with new energy and social media strategy, these platforms will see even more action this...

There are about 3.1 million NGOs in India – of which around 1.2 million are operational – there is little verifiable data available to make an accurate assessment of the sector. Companies like Impactify and Samhita are bringing a shift in the mindset among corporates by making them understand that they need to be involved in...

L&T is an engineering and construction conglomerate with a concern for the community. Even before the CSR section was introduced in the Companies Act 2013, L&T had been interacting with the community around L&T facilities and providing health, education and skills development services to those who needed it most. According to the company’s annual report...