What is Corporate social responsibility (CSR)?

Coal Secretary Vikram Dev Dutt commended coal companies for their impactful CSR projects over the past decade, which, he said, have positively impacted coal-bearing regions

Mizoram CM Lalduhoma said that his government is taking steps to ensure that all projects are executed properly and effectively

On average, each company spent only Rs 11.29 crore

In its ESG report 2023-24, ICICI Bank says it has allocated Rs 5.19 billion for corporate social responsibility (CSR) activities in financial year 2024, up from Rs 4.63 billion the previous year

The Union Ministry of Corporate Affairs is holding discussions with corporate HR leaders in Delhi and Mumbai to finalise the contours of the scheme

Reliance topped social spending from FY19 to FY22

At 'Budget with BS: The Fine Print,' Finance Secretary TV Somanathan said companies costs for interns will be funded through their CSR budgets

Orders expected to settle matter but chances of the authorities questioning such deductions not ruled out, say tax experts

The students will be trained in IT, banking, financial services and insurance, retail, e-commerce, logistics, knowledge process outsourcing, and soft skills

Tax authorities had earlier argued that since CSR expenditures were mandated by law, they were not voluntary and therefore, did not qualify as donations for tax deductions

In FY23, there was only a 5 per cent increase in CSR spending compared to the previous year, due to which, CSR spending as a percentage of net profit fell to a six-year low of 1.87 per cent

India is yet to have a domestic carbon/green credit marketplace with the regulations for it under consideration. There are however independent agencies running such platforms

A CSR initiative of MBRDI, the Sustainability Garage will serve as a hub for multidisciplinary research, focusing on developing eco-friendly materials with diverse applications to benefit society

UP's Chief Secretary Durga Shankar Mishra said the state will organise a 'UP CSR Summit' to script a new chapter in the process of collaborative socioeconomic development

Nidhi Pundhir, Vice President, Global CSR, HCLTech, and Director, of HCL Foundation, said, "We have contributed significantly during emergencies such as the Michaung cyclone, and cold wave in Delhi

The e-carts or golf carts will offer free rides to the elderly, divyangjans, and pregnant women while the fare for others will be announced soon

The United Nations Resident Coordinator in India Shombi Sharp also said that Corporate Social Responsibility (CSR) is indispensable in India's journey, where businesses are at the forefront

In a separate written reply, Singh said the CSR-related disclosures are filed by the companies in the MCA 21 portal

Commending the socially conscious people, especially the corporates, for their contributions, he termed it as a responsibility of the country to recognise these individuals

Through the initiative, RBL Bank aims to address the healthcare requirements of the underprivileged in an easily accessible way