Corporate Social Responsibility

Global GDP has potential to reach $500 trn in 25-30 years: Mukesh Ambani

Ambani said that Reliance is positioning itself as a deeptech company through its breakthroughs in clean energy, genomics, and artificial intelligence

ICICI Bank raises CSR allocation to Rs 801 cr in FY25, up from Rs 519 cr

ICICI Bank has increased its CSR allocation to Rs 801 crore in FY25, with initiatives spanning healthcare, skill development, rural livelihoods and sustainability commitments

Only 30% Indian districts get CSR funding for development needs: Study

The report says its findings show a stark divergence between needs and actual CSR funding, which indicates that CSR strategies are often driven by corporate convenience or compliance motives

Trump trade tariffs: MCA planning to ease compliance burden for MSMEs

"We are looking at it very seriously and taking inputs from the MSME ministry as well," a government source said

Mizoram receives one of lowest shares of CSR funds in India: CM Lalduhoma

Mizoram Chief Minister Lalduhoma on Friday said the state receives one of the lowest shares of Corporate Social Responsibility (CSR) funds from companies in the country. He attributed the low inflow of funds to the limited number of registered CSR implementing agencies in the state. "Even though there are numerous companies operating in India and are obligated under law to implement Corporate Social Responsibility (CSR) initiatives, Mizoram continues to receive one of the lowest shares of CSR funds in the country," the chief minister said. Lalduhoma was addressing the valedictory function of a three-day capacity building workshop for NGOs and implementing agencies in Aizawl. The event was organised jointly by Mizoram CSR cell and the Confederation of Indian Industry (CII). The chief minister said that CSR funds have the potential to significantly contribute to developmental works, citing the Serchhip district hospital building as an example, where over Rs 21 crore was harnessed ..

Delhi govt to install water ATMs at public spaces through CSR initiative

The Delhi government will launch a pilot project to install 20 water ATMs through Corporate Social Responsibility (CSR) initiative, providing cold drinking water to the public, officials said on Friday. According to officials, observing that there is a scarcity of drinking water facilities at public places like markets, hospitals, metro stations and bus terminals, the decision has been taken to install water ATMs at such locations on a public-private partnership (PPP) mode. According to the Delhi Jal Board's (DJB) plan, the water ATM shall be a standalone unit with water purification and dispensing arrangements. They will be equipped with real-time water quality monitors and a display system. "We plan to provide water ATMs in all government schools and drinking water facilities in other areas across the city," Chief Minister Rekha Gupta said during a public event on Friday. The DJB has invited private companies to set up standalone water ATMs having a minimum capacity of 500 litres

Sustainable business practices: Navigating India's ESG, energy transition

Mandatory ESG norms mark a shift towards stakeholder capitalism, reflecting global trends in climate governance and moving beyond shareholder- and state-driven business models

India's top 4 business families anchor for a fifth of CSR contributions

Despite the substantial CSR investments made by family-run businesses, contributions from high networth individuals (HNIs) and ultra high networth individuals (UHNIs) fell marginally in FY24

CSR spending by CPSEs surge 19% to Rs 4,911 cr, reaches 4-year high in FY24

The survey revealed that the top 10 CPSEs accounted for 56.72 per cent of total CSR expenditure in FY24

Rajnath Singh to chair Armed Forces Flag Day CSR conclave in Delhi on Fri

Defence Minister Rajnath Singh will chair the sixth edition of the Armed Forces Flag Day (AFFD) Corporate Social Responsibility (CSR) conclave here on Friday, officials said. The event organised by Kendriya Sainik Board under Department of Ex-Servicemen Welfare aims to highlight the measures taken for rehabilitation, resettlement and welfare of the veterans, widows and their dependents, and for mobilising the CSR support towards these efforts, the defence ministry said in a statement. Singh will chair the Armed Forces Flag Day CSR conclave in New Delhi on December 27, the officials said. He will also felicitate prominent CSR contributors to the AFFD Fund, they added. Minister of State for Defence Sanjey Seth, Chief of Defence Staff Gen Anil Chauhan, Secretary ESW Niten Chandra, members from the CSR fraternity, veterans, defence service personnel and other senior officials of the ministry will also attend the conclave, the statement said.

NCL spends over Rs 1,000 crore in last 10 years under CSR initiatives

Northern Coalfields Ltd on Sunday said it has spent over Rs 1,000 crore in the last 10 years under various corporate social responsibility (CSR) initiatives. The CSR target of Singrauli-based Northern Coalfields Ltd (NCL) is Rs 172.97 crore for the ongoing financial year. "NCL touched the lives of around 10 lakh people and spent more than Rs 1,000 crore on various CSR initiatives in the previous 10 years," it said in a statement. The company's CSR expenditure in the previous fiscal year was Rs 157 crore. Under the guidance of the coal ministry, NCL rolled out 'CHARAK- Community Health: A Responsive Action for Koylanchal', a health-centric CSR initiative on Sunday, as per the statement. The project is aimed at providing free treatment for patients -- belonging to economically weaker sections -- who are suffering from life-threatening diseases. Residents of Singrauli and Sonbhadra districts having annual family income below Rs 8 lakh from all sources will be eligible to receive ben

PM Internship Scheme: Launch delayed; applicants awaiting revised timeline

The pilot project of the PM Internship Scheme received over 650,000 applications for 127,000 opportunities offered by 280 Indian companies participating in the scheme

Mizoram govt to get rid of non-performing employees: CM Lalduhoma

Mizoram Chief Minister Lalduhoma said his government has decided to remove non-performing employees from service. During a meeting to review the initiatives of the Education department held in Aizawl, Lalduhoma on Tuesday said that committees are being formed in departments to review the services of employees under the state government. He said that initiatives were taken to ensure a qualified and efficient workforce. "We feel that it is better we relieve all unqualified employees, who are no longer worth to be employed, to exit from their services as per norms. We are committed to having efficient employees, who maintain good quality of services," the chief minister told the meeting. Lalduhoma said that his government is taking steps to ensure that all projects are executed properly and effectively. "Projects are being closely monitored by the state project monitoring committee, which has inspected about 40 ongoing projects so far. We will be stringent in implementing and monitor

PM's Internship Scheme included in common theme for CPSEs CSR spend in FY25

The Government has revised the CSR guidelines for CPSEs by including PM's Internship Scheme as the common theme for the current fiscal, an official said. Currently, Central Public Sector Enterprises (CPSEs) follow a theme-based approach in utilising their Corporate Social Responsibility (CSR) funds. CPSEs have to spend 60 per cent of their CSR funds on the theme set for a particular year. "We have added PM's Internship Scheme to 'Health and Nutrition' as the common theme for CSR activities by the CPSEs for 2024-25. CPSEs will spend 60 per cent of their CSR funds towards 'health and nutrition' and PM's Internship Scheme this fiscal," an official told PTI. The Ministry of Corporate Affairs, earlier this month, started enrolling companies as well as interns under the Prime Minister's Internship Scheme. Over five years, the scheme envisages providing internships to 1 crore youth. Under the pilot project, which is estimated to cost around Rs 800 crore, the 12-month long internship will

Reservations to apply in internship scheme; Rs 800 crore pilot launched

Aims to provide 125,000 internships in FY25

Internship Scheme: Govt to list out 500 companies based on CSR spend

Scheme portal to go live by Sep-end

Tamil Nadu startup launches country's first hybrid reusable rocket

Sets new standards for rapid space missions; the rocket launches three Cube satellites into orbit to study atmospheric conditions

Employment growth in corporate sector declined to 1.5% in FY24: BoB report

Trading witnessed growth in employment even while sales declined

Suzuki Motor unveils Rs 340 crore fund to support social impact startups

Japanese automobile firm Suzuki Motor on Thursday launched its first investment fund in India--Next Bharat Ventures--a Rs 340 crore fund dedicated to fostering impact entrepreneurs who create value in Tier-II and below geographies. This Suzuki initiative aims to support social impact startups in the domains of agriculture, financial inclusion, rural supply chains, and rural mobility, through a residency programme. "Next Bharat will invest in growth-stage impact firms and early-stage impact entrepreneurs through its flagship residency programme. In order to improve synergy among our early-stage portfolio, We do Fund of Fund operations, investing in Indian Early Stage Venture Capital firms, this investment will also help in establishing strong strategic synergies for the Next Bharat Impact Fund," Next Bharat CEO and MD Vipul Nath Jindal told PTI. During the 4-month hybrid residency programme, selected impact entrepreneurs will receive extensive mentorship, access to resources, and ...

Hero MotoCorp's corporate communication head Bharatendu Kabi resigns

Hero MotoCorp on Friday said Head of Corporate Communication & Corporate Social Responsibility Bharatendu Kabi has resigned from the company. In a regulatory filing, Hero MotoCorp CEO Niranjan Gupta said Kabi has decided to step down from his role after nearly two decades of service with the company. "His strategic guidance has been instrumental, especially during critical moments like the separation from our former joint venture partner Honda in 2010-11," he stated. Kabi's contributions have played a significant role in strengthening the company's brand presence, Gupta said. His last day with the company will be July 31, 2024, he added.