Page 3 - Latest Updates on CSR
Companies can omit important information under new CSR disclosure rules
New rules let companies omit details like title, location, and duration of the business's CSR project, budget allotted for it, the amount spent on it during the current fiscal year among others
 "Companies can omit important information under new CSR disclosure rules")
NMDC institutes in Chhattisgarh's Dantewada district send youths to MNCs
Besides mining, the company has pioneered development initiatives and steered changes in improving the quality of education in remote areas as part of its corporate social responsibility (CSR).
 "NMDC institutes in Chhattisgarh's Dantewada district send youths to MNCs")
SC suggests idea of private jails built by corporates as part of CSR
The Supreme Court Thursday expressed concern over the conditions of jails in the country and suggested the idea of building private jails involving big corporates
 "SC suggests idea of private jails built by corporates as part of 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
 "CSR exemption for firms making losses; eligibility to be checked every year")
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
 "India warming up to vast potential of crowd-funding for healthcare")
FM Sitharaman to arrive in Nagaland for 3-day visit, inaugurate CSR event
Sitharaman will visit Mon on Tuesday morning to inaugurate the first branch of Axis Bank in the remote district
 "FM Sitharaman to arrive in Nagaland for 3-day visit, inaugurate CSR event")
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
 "How Pashtepada's smart school inspired 50,000 schools in Maharastra")
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.
 "Monsoon session: 60% CSR spent on rural needs, health care, education")
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
 "TMS Ep126: Economic challenges of UP & Punjab, DK Joshi, markets, CSR")
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
 "The world's favourite Indian")
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
 "Budget 2022-23: CII seeks additional 1% CSR for Covid-19 boosters")
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.
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
 "RBL Bank raises Rs 5.20-cr fund via CSR initiative for inclusive education")
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
 "Companies spent Rs 1.09 trn towards CSR activities in 7 years: MCA")
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
 "Reliance Industries spends Rs 922 cr to top CSR expenditure chart in FY21")
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
 "TCS aims to skill youth impacted by Covid-19 pandemic via CSR programme")
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
 "Expense on R&D for Covid-19 drugs, vax, devices will count as CSR")
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
 "India Inc's CSR spends over 1 trillion since mandatory law in FY15: Crisil")
