Other News

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...

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...