Page 4 - Csr

CSR exemption for firms making losses; eligibility to be checked every year

CSR rules are applicable to companies with a net profit of over Rs 5 crore or networth of over Rs 500 crore or turnover of Rs 1,000 crore

India warming up to vast potential of crowd-funding for healthcare

Of the 1.3 million active patients in India, around 890,000 have given consent to be up for adoption

FM Sitharaman to arrive in Nagaland for 3-day visit, inaugurate CSR event

Union Finance Minister Nirmala Sitharaman is scheduled to arrive here on Monday on a three-day visit to Nagaland to participate in various programmes, including the state government's first conclave on corporate social responsibility and investment, an official said. She will inaugurate the CSR and investment event at Nagaland Baptist Church Council Convention Centre at 4 pm in the presence of Chief Minister Neiphiu Rio. Sitharaman will also participate in the investors and bankers' meet with a specific focus on Nagaland and is likely to announce various CSR projects of corporate houses and industries during the conclave, the official said. More than 100 corporate delegates and investors from various parts of the country have confirmed participation in the three-day event and are expected to extend CSR funding up to Rs 160 crore, official sources said. Sitharaman will visit Mon on Tuesday morning to inaugurate the first branch of Axis Bank in the remote district. The union ministe

How Pashtepada's smart school inspired 50,000 schools in Maharastra

Digital classrooms are now far more common and advanced than they used to be a few years ago

Monsoon session: 60% CSR spent on rural needs, health care, education

Around 60 per cent of the total CSR funds spent by companies in the last seven financial years were in the areas of education, healthcare and rural development-related activities, according to the government. In a written reply to the Lok Sabha, the corporate affairs ministry also informed that during the given period, around 33 per cent of the total CSR amount spent by companies were in Maharashtra, Karnataka, Gujarat, Andhra Pradesh and Tamil Nadu. Under the Companies Act, 2013, a certain class of profitable companies are required to shell out at least two per cent of their three-year annual average net profit towards CSR (Corporate Social Responsibility) activities in a particular fiscal. CSR is a board-driven process and the board of a company is empowered to plan, decide, execute and monitor CSR activities of the company based on the recommendation of its CSR Committee. Minister of State for Corporate Affairs Rao Inderjit Singh said in the written reply that the government doe

4-5% of Rs 1.25 trn spent on CSR funds in past 7 yrs went to PM Cares: Govt

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

TMS Ep126: Economic challenges of UP & Punjab, DK Joshi, markets, CSR

What are the economic challenges awaiting UP and Punjab? Why is CRISIL's DK Joshi still optimistic about GDP growth in FY13? What BJP's election win means for markets? What is CSR? All answers here

Onerous disclosures

New CSR reporting requirements raise tricky issues

The world's favourite Indian

To achieve its potential, Indian industry must live the ethos of Rahul Bajaj

Budget 2022-23: CII seeks additional 1% CSR for Covid-19 boosters

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

Companies plan to increase CSR funding towards skill, education: Survey

A significant percentage of companies in India plan to increase their corporate social responsibility funding towards skilling and education in 2022, says a TeamLease EdTech survey.

Companies spent Rs 1.09 trn towards CSR activities in 7 years: MCA

Under the Companies Act, 2013, certain class of profitable entities are required to spend at least 2 per cent of their three-year annual average net profit towards Corporate Social Responsibility

RBL Bank raises Rs 5.20-cr fund via CSR initiative for inclusive education

RBL Bank on Monday said it had raised Rs 5.20 crore through a corporate social responsibility initiative focused on cycling in a bid to support education of underprivileged and special-needs children

Reliance Industries spends Rs 922 cr to top CSR expenditure chart in FY21

India Inc's overall spends dip 64%; TCS and Wipro take second and third spots, respectively

TCS aims to skill youth impacted by Covid-19 pandemic via CSR programme

TCS has included special programs that focus on training the youth in quantitative aptitude, business communication skills, programming and domain skills

Expense on R&D for Covid-19 drugs, vax, devices will count as CSR

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

India Inc's CSR spends over 1 trillion since mandatory law in FY15: Crisil

Majority of money spent in last three years; In Covid-dominated FY21, the amount is likely to have crossed Rs 22,000 cr

Samsung partners NSDC to train 50,000 youth for electronics retail sector

Samsung India has partnered with the National Skill Development Corporation under a CSR initiative, aiming to train 50,000 young persons as job-ready for the electronics retail sector

HDFC Bank spends Rs 635 cr, towards CSR including Covid relief in FY21

HDFC Bank spent Rs 634.91 crore towards #Parivartan, the umbrella programme for all Corporate Social Responsibility initiatives, in FY 2020-21. Out of Rs 634.9 crore, over Rs 110 crore was allocated and utilised towards initiatives focused on Covid-19 relief.Further, the bank's #Parivartan has cumulatively impacted over 8.5 crore lives across India.#Parivartan focuses on following identified areas:Rural DevelopmentPromote EducationSkill Training and Livelihood EnhancementHealthcare & HygieneFinancial Literacy and InclusionKey Sustainability highlights:With outgo of Rs 634.91 crore in the last financial year, the Bank is one of the largest contributors of CSR in the country.Holistic Rural Development Programme (HRDP) in 1,970 villages in 21 states.Under 'Teaching the Teachers (3T) initiative, in association with NGO partners, the bank has trained over 19.67 lakh teachers benefitting over 2.07 crore students.#Parivartan has touched lives of 1.29 crore households in 28 states ...

India Inc fares well on environmental, social and governance disclosures

Parameters where India scored high included policy on equal voting rights (100 per cent), policy on community involvement (99 per cent), and CSR sustainability reporting (98 per cent)