The law under which companies are required to spend two per cent of their profit towards CSR activities provides an “excellent legal framework” to create a bridge between society and corporates, Commerce and Industry Minister Suresh Prabhu said.
Corporates that are spending two per cent in CSR activities win goodwill for the industry and “no corporate can ever do good business if it does not enjoy the goodwill of the society,” he said at a function on ‘promoting scientific interventions for transforming India through CSR’.
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The CSR Journal Team