Corporate Social Responsibility

The CSR initiatives were spearheaded by Reliance Foundation, the philanthropic arm of Reliance Industries, led by Founder and Chairperson of the foundation Nita M. Ambani

Number of firms donating to IIT Madras via CSR route has almost doubled in past five years; account for nearly half the total Rs 131 crore raised last financial year.

Singh said it is a broad-based activity that the Board undertakes and we give general guidelines and the Board implements it

Govt had in February this year asked India Inc to furnish a report on their corporate social responsibility (CSR) activities. From being a voluntary exercise, it has been made mandatory by the govt

Six states account for a third of total CSR spending; three sectors account for 59.9 per cent of funding.

New CSR reporting requirements raise tricky issues

In 2019-20 financial year, the CSR expenditure stood at Rs 24,864 crore; As per data available on the portal, the total CSR spending in the last two financial years is more than Rs 45,200 crore

The government had mandated that Corporate India publish a comprehensive report on their specific CSR initiatives.

The CII on Monday asked the government to consider increasing the CSR levy by 1% for a year, and use the money to give boosters shots. But is India Inc loosening its purse strings for social causes?

The industry lobby group also said the Budget expected to focus on ways to strengthen economic recovery

The CSR FAQs provide details of what would qualify as administrative overheads

Corporate Social Responsibility spending under the companies law should not be interpreted as a source of financing the resource gaps in government schemes, the Ministry of Corporate Affairs has said as it issued a detailed set of FAQs for the effective implementation of CSR norms. Activities undertaken by companies as part of the normal course of business is not considered CSR work. However, the ministry has provided an exemption for companies engaged in R&D activities for new vaccines, drugs and medical devices in their normal course of business with respect to COVID. The exemption would be in place for three financial years till FY 2022-23, as per the FAQs (Frequently Asked Questions) dated August 25. "This exclusion is allowed only in case the companies are engaged in R&D in collaboration with organisations as mentioned in item (ix) of Schedule VII and disclose the same in their board reports," the ministry said. The organisations are specified under item ix of Schedule ...

A writer on a wide variety of issues as a result of his interest in creating construct­ive debate for challenges facing India, he was instrumental in founding Delhi Policy Group

Recently, the Uttar Pradesh AAR had held that CSR spend by companies is eligible for input tax credit

Govt asks companies to also reveal CSR spend, benami property transactions from FY22

The government said CSR funds are not used for implementing the government's central schemes.

New CSR rules replacing comply-or-explain regulations with a mandatory regimen have raised the stakes for large corporations

If such capital expenditure was incurred as part of CSR in the past, the assets need to be transferred within six months.

CSR rules notified by MCA; multi-year projects allowed with a time-limit of three years

The government on Friday amended various rules pertaining to the CSR regime