Meghalaya to constitute committe

Meghalaya government today decided to constitute a committee to administer the funds from various industries operating in the state for corporate social responsibility (CSR) activities.
The decision was taken at a meeting convened by Chief Minister Mukul Sangma with the representatives of the conglomeration of industries across the state here.
This is in view of the Act, which was enacted by the Parliament in 2013 and made effective in 2014, making it binding on the part of industries and corporate houses to provide at least 2 per cent of the total profit for CSR activities.
The meeting was how to utilize this CSR component which is available with the corporate houses in taking care of various developmental interventions and to create greater visibility.

"We have decided to create an institutional framework which would be then assigned with the task of working on this whole term of reference which we have referred to," Sangma told journalists after the meeting.
He said based on this there will be a forum which will then be assigned with the whole responsibility of coming with appropriate terms of reference for administering this fund in a much more transparent and effective manner.

According to him, this will ensure better outcome and ultimately people will benefitted.
Asked about the amount expected under the CSR, Sangma said the proposed committee will worked out and then look at what are the prospective available funds for CSR activities by the industries.

Further the chief minister also informed wherever needed, resources can be further aggregated.
The meeting also discussed various issues concerning certain factors, support through policy decision, which and a number of other challenges confronted by the industries in respect of quantum of power, power tariff and others.