Is India Inc doing enough on philanthropy? The answer to that question would vary widely. The government has said the inflow has improved considerably after it mandated companies to spend 2 per cent of their profits in corporate social responsibility. But the actual amount collected isn’t much really: The CSR expenditure of about 5,000 companies, according to the ministry of corporate affairs data, was just Rs 98.22 billion in 2015-16.
In its India Philanthropy Report 2017, Bain and Company gave some interesting figures. In relative terms, the share of corporate philanthropy in funds raised for the development sector has actually declined.
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