Page 5 - Latest Updates on CSR
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
 "Education sector received the lion's share of corporate CSR spend: Govt")
Just contributing money is not what govt expects through CSR, says Srinivas
What we urge upon you (companies) is proactive participation and not passive participation, said Corporate Affairs Secretary Injeti Srinivas
 "Just contributing money is not what govt expects through CSR, says Srinivas")
Is shareholder capitalism passe?
The emerging backlash against CSR and the resultant endorsement of shareholder capitalism make sense
 "Is shareholder capitalism passe?")
How social impact companies may help tap impact investment funds
The high-level committee on CSR recently released a report that recommended the creation of a new class of companies called social impact companies (SICs) under the CSR framework
 "How social impact companies may help tap impact investment funds")
Those in power must empathise
Apart from the hardware of macro-economic policy, officials in power must implement a software solution of listen, listen and listen
 "Those in power must empathise")
Criminal offences in Companies Act to be slashed, govt mulls 65 changes
The offences punishable with imprisonment, a fine, or both are compoundable, and offences punishable with imprisonment and a fine are non-compoundable
 "Criminal offences in Companies Act to be slashed, govt mulls 65 changes")
New CSR levy: A quasi tax
The approach to push companies, which do not see a business case for CSR, to invest in CSR activities is against the spirit of CSR
 "New CSR levy: A quasi tax")
CSR law flawed, India needs inclusive growth: US professor Aneel Karnani
There is no attempt by the government nor the press to even attempt to measure the outcomes
 "CSR law flawed, India needs inclusive growth: US professor Aneel Karnani")
Letter to BS: CSR committee wants non-compliance a civil offence
Replacing criminal responsibility with civil ones will ensure there is greater willingness from corporates to achieve a social objective
Power to issue directions just grew
This power can be intoxicating. It can give any regulator a serious high
 "Power to issue directions just grew")
Govt to review CSR criminal penal provisions: FM Nirmala Sitharaman
Less than 1% of large corporates pays corporation tax at 30%, with the rest at 25%
 "Govt to review CSR criminal penal provisions: FM Nirmala Sitharaman")
Criminal proceedings for economic offences sets a bad precedent: Experts
Companies Act amendment to include penal provisions for CSR violations is seen as part of a larger trend of criminalising economic offences rather than going for civil proceedings
An unnecessary law
Jail term for CSR law violation is a retrograde step
BPCL Jobs 2019: Apply for CSR professional, Chemist Trainee and other posts
Last date to apply for Chemist Trainee/General Workman-B (Trainee) - Petrochemical positions is August 5, 2019
 "BPCL Jobs 2019: Apply for CSR professional, Chemist Trainee and other posts")
India Inc worried over three-year jail provision for violation of CSR norms
According to new CSR norms, a company has to earmark a part of its profit towards social activities and transfer all unspent amount into an escrow account (if it is an ongoing project)
Bill to fine firms over corporate social responsibility tabled in Lok Sabha
The Bill also seeks to empower the Centre to debar directors responsible for mismanagement for five years after approval from NCLT
 "Bill to fine firms over corporate social responsibility tabled in Lok Sabha")
Govt likely to water down conditions for prosecution under CSR rules
The move to dilute prosecution norms could be viewed distinctly from the govt's efforts to tighten the screws on CSR
Companies CSR expenditure rises 47% in 4 years to FY18, says survey
The cumulative expenditure by top 100 companies from 201415 to 201718 is about Rs 263.85 billion
Letter to BS: Flaws inherent in the CSR law becoming apparent
If the law permits CSR money to go to build a statue and not benefit the common man, then there is need to change the law
Listed companies' CSR spend tops Rs 100 billion in FY18, says report
An analysis of figures from PRIME Database showed education topped the list of spends by category
