Other News

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...

Charity begins (and ends) at home for corporate India. Developed states which house India’s largest companies, tend to get more money from their corporate social responsibility (CSR) budgets shows an analysis of listed companies’ CSR spends from Prime Database compared to government figures on Gross State Domestic Product at Factor Cost (current prices). A state like...

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 said on Tuesday. The Minister of State for Corporate Affairs also emphasised the CSR activities help in bridging the gap between rural and urban areas. Under...

NASSCOM Foundation hosted India’s largest Tech for Good driven conference – The CSR Leadership Conference 2018 in Bangalore yesterday. The two-day conference brings over 400 delegates consisting of CEOs, CXOs, CSR Heads from the industry, policy makers, influencers, NGO Leads, Tech4Good champions, and social innovators under one roof to discuss innovative approaches to CSR and...

Nestle India Limited spent more than the prescribed 2% in corporate social responsibility programs in the financial year 2017-18. While the prescribed CSR expenditure as per Section 135 of the Companies Act, 2013 was 26.88 crore rupees, actual expenditure incurred during the year amounted to INR 26.91 crores. With its CSR Policy focus areas firmly...

Maharashtra topped the list of states receiving the largest amount of money for CSR, followed by Gujarat and Rajasthan, while eight states saw a decline in spends, according to a report compiled by Prime Database. Inequalities reduction, national heritage, the Armed forces, sports, technology incubators and slum development were the most neglected areas when it...

Indian IT industry apex body’s social arm Nasscom Foundation is hosting a conference in Bengaluru on December 10-11 to discuss corporate social responsibility (CSR) trends in IT industry. “The CSR Leadership Conference will discuss innovative approaches to CSR and help create a roadmap to a new, developed and inclusive India,” the Nasscom Foundation said in...