Facebook Pragati will award four grants of up to Rs 50 lakh for each non-profit to scale their work
The anniversary has become a commercialised event
Contribution from foreign sources, domestic corporations has slowed
Companies who are not required to spending allocating budgets for CSR are spending
Under this government, slogans, memes, catchphrases, alliterative coinages, and clever abbreviations abound. One of them being repeated ad nauseam is ease of living
The debate on diversity is expanding to include ethnicity, disability and sexual orientation, not only on board but also in senior management
UP accounts for 2/3rd of the Foundation's activity spend
What we urge upon you (companies) is proactive participation and not passive participation, said Corporate Affairs Secretary Injeti Srinivas
Corporations are careful to synchronise their social programmes with signals from the Union government
This is indeed a comprehensive package which shows that the finance ministry has been keeping its ears close to the ground
The high-level committee on CSR recently released a report that recommended the creation of a new class of companies called social impact companies (SICs) under the CSR framework
There is no attempt by the government nor the press to even attempt to measure the outcomes
In today's world, who do companies really have to respond to?
Replacing criminal responsibility with civil ones will ensure there is greater willingness from corporates to achieve a social objective
Recent policy had provided for a 3-year jail term for violations
According to a study by KPMG India, the expenditure on CSR by India's largest 100 firms stood at Rs 7,536. Rs 30 crore in the financial year ending 2018
Jail term for CSR law violation is a retrograde step
According to new CSR norms, a company has to earmark a part of its profit towards social activities and transfer all unspent amount into an escrow account (if it is an ongoing project)
The Bill also seeks to empower the Centre to debar directors responsible for mismanagement for five years after approval from NCLT
The government is considering the option to punish directors of companies that do not spend the required amount in CSR activities, as mandated by law