Page 7 - Latest Updates on CSR
The case for private firms to go beyond CSR is compelling
Globally, organisations are moving towards triple bottom-line accounting
Doing good and doing it well
Reading most annual reports will convince you that firms have adopted CSR unreservedly
 "Doing good and doing it well")
Story in numbers: PSU spending on CSR up 48%
Report by BVSS shows PSUs' CSR spending went up over Rs 1,900 cr in 2015-16
 "Story in numbers: PSU spending on CSR up 48%")
400 companies spend Rs 5,857 crore in 2 years towards CSR
Assessment of CSR expenditure of 172 companies indicates that firms spent Rs 3,360 cr in 2015-16
Govt issued notices to 1,018 firms for CSR non-compliance
Congress leader Veerappa Moily accused that figures on CSR expenditure are quite disturbing
 "Govt issued notices to 1,018 firms for CSR non-compliance")
CSR spending helps rural masses to double their income, says Arun Jaitley
CSR, if adequately implemented in 2014-15, should have seen investment of Rs 14,000 crore
 "CSR spending helps rural masses to double their income, says Arun Jaitley")
India Inc's CSR spending up 22% in FY16 at Rs 8,300 cr: Study
Larger companies spent significantly, with more than half of them adhering to 2% mandate
Clean India Mission: Three PSUs spend more than private sector on CSR
MCA data also shows 58% cent of companies didn't spend anything on any form of CSR in 2014-15
 "Clean India Mission: Three PSUs spend more than private sector on CSR")
Over 530 companies may face action for CSR norm violations
Collectively, 3,139 companies have spent a total of Rs 8,803 crore on various CSR initiatives
Nifty 50 companies' 2016 CSR spending rise by 27%
Companies spent around Rs 5,082 crore or 92.7% of the mandated Rs 5,478 crores on CSR activities
 "Nifty 50 companies' 2016 CSR spending rise by 27%")
India Inc's CSR spend up 28% in FY16
Data suggests that education was the most preferred sector with investments worth Rs. 2,042 crore under CSR
 "India Inc's CSR spend up 28% in FY16")
Govt seeks CSR spending info under companies law
While CSR regulations came into force from April 1, 2014, a clear picture of how much money has been spent during 2014-15 is yet to emerge
Mahanadi Coalfields, Tata Steel lead CSR spending in Odisha
287 companies spent Rs 344 crore under CSR in 2014-15
Over 80% cos see higher CSR spending next fiscal, says survey
However, the survey also revealed that companies find lack of clarity on laws and tax related regulations as obstacles
 "Over 80% cos see higher CSR spending next fiscal, says survey")
460 cos spent Rs 6,337 cr for CSR in FY15: Arun Jaitley
Of the 460 companies, 51 PSUs spent Rs 2,386.60 crore; 266 firms spent less than 2% of the average profit
 "460 cos spent Rs 6,337 cr for CSR in FY15: Arun Jaitley")
