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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...

On International Women's Day March 8, 2022, Safe Water Network, the internationally renowned NGO, held a virtual roundtable to present its insights on how water ATMs are not only providing affordable, safe water access but are leveraged as 'Water Knowledge Resource Centres' having a lighthouse effect on Women Empowerment. The panelists at the session included...

Indian Institute of Management Udaipur launched a student-managed Impact Investment Fund (IIF) focusing on investing in early-stage projects or start-ups that create a social and environmental impact on society. The Impact Investment Fund (IIF) initiative aims to support entrepreneurs who have the potential to leverage their expertise and skills to create an impact for the...

The government's spending on social services, such as health and education, increased during the past year. According to the Economic Survey 2021-22 released on 31st January 2022, the Centre and state governments earmarked 8.6% of GDP for social services, spending of Rs. 71.61 lakh crore in the current financial year. This is 9.8 per...

As businesses and corporates undergoes a paradigm shift leveraging ESG measures to compute the ethical and sustainable impact of their investments, Ministry of Electronics & Information Technology (MeitY) Centre of Excellence (CoE) for IoT & AI in collaboration with KITS (Karnataka Innovation & Technology Society) and Nasscom launched the 2nd edition of the Enterprise...

YVO’s Future Leaders Programme (FLP) is inviting applications from students and educational institutions to join its new batch, beginning in March 2022. The programme introduces social entrepreneurship to young minds, combines leadership and social service and makes social service more accessible to youth aged 16-25 years. Future Leaders Programme (FLP) was launched in 2020 by...

Biologists from the Nature Conservation Foundation and the Wildlife Institute of India have published the first ever pictorial field guide to the Trees of Arunachal Pradesh, a region famed for its biological diversity. Authored by three seasoned field biologists - Dr. Navendu Page of the Wildlife Institute of India, Dr. Aparajita Datta and Bibidishananda Basu...

Diagnostics service provider Metropolis Healthcare is pleased to announce the launch of the 3rd edition of MedEngage Scholarship program and is now inviting applications from the final year MBBS and MD/DNB students. The last date to apply for this programme is 18th January 2022. For more details of MedEngage Scholarship programme, students can log onto...

Federal Bank had invited applications for Federal Bank Hormis Memorial Foundation Scholarships for the academic year 2021-22. The last date has been extended to 31st January 2022. Students belonging to the States of Kerala, Tamil Nadu, Gujarat, and Maharashtra are eligible to apply for the scholarship. Selected students will be reimbursed 100% of tuition fees and...

UltraTech Cement has invited notable architects, experts and bright talent from the student community in the engineering and architectural sectors to register for the 5th edition of its IndiaNext initiative. The entry kits and details of the competition are available on www.ultratechindianext.com The theme of this year’s IndiaNext initiative is ‘Build with Speed’, in which India's...