Many companies are not spending as much on philanthropy as the government has mandated.
The median company has unspent amounts equal to a third of the prescribed corporate social responsibility
CSR spending: Firms fail to meet govt mandate, despite improved compliance
Companies that have a net worth of at least Rs 5 billion, a turnover of Rs 10 billion or a net profit of Rs 50 million are required to spend 2 per cent of their net profits on such programmes.
 "CSR spending: Firms fail to meet govt mandate, despite improved compliance")
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First Published: Jul 25 2018 | 7:01 AM IST
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