Page 6 - Latest Updates on CSR
How serious is the problem of non-compliance of the CSR provisions?
Experts said impact measurement of the projects should be made mandatory
 "How serious is the problem of non-compliance of the CSR provisions?")
Govt issues notices to 272 firms for non-compliance with CSR norms
Under the Companies Act, 2013, certain class of entities is required to spend at least 2 per cent of their three-year average net profit towards CSR activities
 "Govt issues notices to 272 firms for non-compliance with CSR norms")
CSR: Companies spend Rs 47.19 bn in first eight months of this fiscal
Out of that amount, Rs 33.93 billion was spent by private sector companies while Rs 1,325.83 crore came from public sector undertakings
The case for private firms to go beyond CSR is compelling
Globally, organisations are moving towards triple bottom-line accounting
Doing good and doing it well
Reading most annual reports will convince you that firms have adopted CSR unreservedly
 "Doing good and doing it well")
Story in numbers: PSU spending on CSR up 48%
Report by BVSS shows PSUs' CSR spending went up over Rs 1,900 cr in 2015-16
 "Story in numbers: PSU spending on CSR up 48%")
400 companies spend Rs 5,857 crore in 2 years towards CSR
Assessment of CSR expenditure of 172 companies indicates that firms spent Rs 3,360 cr in 2015-16
Govt issued notices to 1,018 firms for CSR non-compliance
Congress leader Veerappa Moily accused that figures on CSR expenditure are quite disturbing
CSR spending helps rural masses to double their income, says Arun Jaitley
CSR, if adequately implemented in 2014-15, should have seen investment of Rs 14,000 crore
 "CSR spending helps rural masses to double their income, says Arun Jaitley")
India Inc's CSR spending up 22% in FY16 at Rs 8,300 cr: Study
Larger companies spent significantly, with more than half of them adhering to 2% mandate
Clean India Mission: Three PSUs spend more than private sector on CSR
MCA data also shows 58% cent of companies didn't spend anything on any form of CSR in 2014-15
 "Clean India Mission: Three PSUs spend more than private sector on CSR")
Over 530 companies may face action for CSR norm violations
Collectively, 3,139 companies have spent a total of Rs 8,803 crore on various CSR initiatives
Nifty 50 companies' 2016 CSR spending rise by 27%
Companies spent around Rs 5,082 crore or 92.7% of the mandated Rs 5,478 crores on CSR activities
 "Nifty 50 companies' 2016 CSR spending rise by 27%")
India Inc's CSR spend up 28% in FY16
Data suggests that education was the most preferred sector with investments worth Rs. 2,042 crore under CSR
 "India Inc's CSR spend up 28% in FY16")
Govt seeks CSR spending info under companies law
While CSR regulations came into force from April 1, 2014, a clear picture of how much money has been spent during 2014-15 is yet to emerge
Mahanadi Coalfields, Tata Steel lead CSR spending in Odisha
287 companies spent Rs 344 crore under CSR in 2014-15
Over 80% cos see higher CSR spending next fiscal, says survey
However, the survey also revealed that companies find lack of clarity on laws and tax related regulations as obstacles
 "Over 80% cos see higher CSR spending next fiscal, says survey")
460 cos spent Rs 6,337 cr for CSR in FY15: Arun Jaitley
Of the 460 companies, 51 PSUs spent Rs 2,386.60 crore; 266 firms spent less than 2% of the average profit
 "460 cos spent Rs 6,337 cr for CSR in FY15: Arun Jaitley")
