Low Ranking of Indian Corporate in Global Philanthropy Index

The Corporate Social Responsibility (CSR) provisions of the Companies Act 2013, and the rules made thereunder came into force from 01.04.2014. This is the first year of implementation of CSR by companies under the Act. Details of funds spent under CSR would be available only after the mandatory disclosures of CSR expenditure are made by companies, which would be due after September, 2015. It may be prudent to not speculate on the quantum of CSR expenditure at this stage.