Page 5 - Csr
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 ...
 "HDFC Bank spends Rs 635 cr, towards CSR including Covid relief in FY21")
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)
 "India Inc fares well on environmental, social and governance disclosures")
CSR in times of a pandemic
The basic conceptual problem with this UPA-era law that the NDA has embraced with gusto can be seen in the toilet-building frenzy that gripped India Inc in 2017-18
CSR funds not used to run government schemes, says Anurag Thakur
Thakur on Monday said the government does not use the Corporate Social Responsibility (CSR) funds to run its schemes
 "CSR funds not used to run government schemes, says Anurag Thakur")
Govt should earmark 10% of CSR for skill development: L&T's A M Naik
Large industries do not have to collaborate with NSDC or government organisations because they have created training centres, says Naik
 "Govt should earmark 10% of CSR for skill development: L&T's A M Naik")
Use CSR funds to set up charging stations in Delhi: Gahlot to corporates
Gahlot on Sunday appealed to corporate organisations to adopt electric vehicles in their fleets
 "Use CSR funds to set up charging stations in Delhi: Gahlot to corporates")
CSR shouldn't be legally mandated, charity must come from within: Premji
He added that it is important that individual and personal philanthropy is separated from a company's CSR efforts
 "CSR shouldn't be legally mandated, charity must come from within: Premji")
Non-Financial disclosures to dig deep into sustainable corporate practices
Experts have called some of these steps "pathbreaking" towards improving transparency in non-financial reporting which under new norms will become as exhaustive as financial reporting
 "Non-Financial disclosures to dig deep into sustainable corporate practices")
Indian-American non-profit Sewa International raised $8.3 mn in 2019
Sewa International, a top Indian-American non-profit organisation, raised USD 8.3 million in 2019 and spent only 2% of it in administrative expenses, using the rest for relief and social welfare work
Rajasthan seeks CSR benefits for CM relief fund: SC asks govt to respond
The state government said that the Centre's circular has excluded CMRF from the purview and ambit of Corporate Social Responsibility (CSR) activities, prescribed by the Act
 "Rajasthan seeks CSR benefits for CM relief fund: SC asks govt to respond")
Donations by companies to PM-CARES Fund notified as CSR, says govt
Finance Minister Nirmala Sitharaman had tweeted on March 29 that CSR Funds can now donate to PM CARES Fund
 "Donations by companies to PM-CARES Fund notified as CSR, says govt")
Weaker and poorer, NGOs still the best bet in delivering Covid-19 relief
More CSR money has flown to govt schemes and corporate trusts rather than to NGOs
 "Weaker and poorer, NGOs still the best bet in delivering Covid-19 relief")
Coronavirus lockdown: Congress calls for financial package of 5-6% of GDP
The opposition party also demanded that the Centre pays all pending dues to states to enable them to fight the outbreak, besides giving each of them special packages.
 "Coronavirus lockdown: Congress calls for financial package of 5-6% of GDP")
How Indian companies are contributing to the war against coronavirus
Corporate India is donating crores of rupees, supplying medical equipment and opening hospitals. Here's a look at some of the Business Groups that have opened their purse strings
 "How Indian companies are contributing to the war against coronavirus")
CSR in the time of coronavirus
PM-CARES offers a handy panacea for CEOs' CSR headaches
 "CSR in the time of coronavirus")
CSR spending: Rise in number of firms going beyond 2% mandate, says report
Companies who are not required to spending allocating budgets for CSR are spending
As CSR spends touch Rs 12,000 cr, investigators stalk ghost beneficiaries
Companies are stepping up scrutiny of how their money is spent
 "As CSR spends touch Rs 12,000 cr, investigators stalk ghost beneficiaries")
Companies spent Rs 11,867 cr on CSR activities in FY19; highest so far
Maharashtra tops the list; Bihar, N-E suffer with lower spends
 "Companies spent Rs 11,867 cr on CSR activities in FY19; highest so far")
CSR initiatives: 44 listed firms included cows in charity work since FY15
It's now five years since CSR was made mandatory under the Companies Act, 2013
 "CSR initiatives: 44 listed firms included cows in charity work since FY15")
Education sector received the lion's share of corporate CSR spend: Govt
Overall, companies in India spent over Rs 52,533 crore on CSR activities during the last four years