Csr
PM Internship Scheme: Over 100K internships on offer in Phase-II
Currently, the top 500 companies with the highest average corporate social responsibility (CSR) expenditure over the last three years are part of the scheme
SECL exceeds statutory CSR budget for projects in Chhattisgarh, MP
SECL has 64 coal mines in Chhattisgarh and Madhya Pradesh. Of these, 39 are in Chattisgarh, and the rest are in Madhya Pradesh
Baldota Group to invest Rs 54,000 cr to set up steel plant in Karnataka
Company and state government to sign agreement at investors summit for integrated facility in Koppal taluk
Kerala CSR scam: Former judge CN Ramachandran Nair named in cheating case
Former Kerala High Court judge CN Ramachandran Nair has been named in CSR fund scam (half price scam) FIR; accused of patronising a fraudulent NGO
Tata Sons' CSR money may go to Ratan Tata endowment trust, foundation
The plan is in the final stages with discussions centred around how to take social sector projects forward in lines with other Tata Trusts
Coal India's expenditure on CSR initiatives rises 37% in Apr-Jan: Official
State-owned CIL expenditure on corporate social responsibility (CSR) initiatives increased 36.5 per cent to Rs 497 crore in the April-January period of the current financial year. Coal India Ltd (CIL) spent Rs 364 crore in the year-ago period, a company official said. CIL, which accounts for over 80 per cent of domestic coal production, directs over 70 per cent of its CSR funds toward healthcare, nutrition and sanitation and education and livelihood, the official said. As the highest CSR spender among Central Public Sector Undertakings (CPSEs) for the past five years, CIL spent Rs 572 crore to CSR activities in the last fiscal year alone, the company said in a statement. The company's CSR initiatives have positively impacted over 35 million lives so far, it said. The coal behemoth has spent Rs 5,570 crore in CSR initiatives over the past decade. The company recently received the Golden Peacock CSR Award 2024 at the 19th International Conference on Corporate Social Responsibility
Rajnath Singh to chair Armed Forces Flag Day CSR conclave in Delhi on Fri
Defence Minister Rajnath Singh will chair the sixth edition of the Armed Forces Flag Day (AFFD) Corporate Social Responsibility (CSR) conclave here on Friday, officials said. The event organised by Kendriya Sainik Board under Department of Ex-Servicemen Welfare aims to highlight the measures taken for rehabilitation, resettlement and welfare of the veterans, widows and their dependents, and for mobilising the CSR support towards these efforts, the defence ministry said in a statement. Singh will chair the Armed Forces Flag Day CSR conclave in New Delhi on December 27, the officials said. He will also felicitate prominent CSR contributors to the AFFD Fund, they added. Minister of State for Defence Sanjey Seth, Chief of Defence Staff Gen Anil Chauhan, Secretary ESW Niten Chandra, members from the CSR fraternity, veterans, defence service personnel and other senior officials of the ministry will also attend the conclave, the statement said.
Coal India's CSR spend exceeds Rs 5,570 crore over the past decade
Coal India Ltd (CIL) has spent Rs 5,570 crore in Corporate Social Responsibility (CSR) initiatives over the past decade, a top official said on Sunday. Coal India Chairman P M Prasad said the PSU has been focusing on education, healthcare, skill development, sports, and women empowerment. Inaugurating the 3rd CIL CSR Conclave 2024 on Sunday, West Bengal Governor C V Ananda Bose underscored the transformative power of CSR initiatives in improving the lives of communities, particularly in tribal belts of coal-bearing areas. He lauded CIL's contributions, including its efforts to support cancer patients, stating that such initiatives contribute to the holistic development of the nation. CSR initiatives are a powerful tool to transform lives, especially in vulnerable regions, Bose said. "Coal India spent Rs 5,570 crore in Corporate Social Responsibility initiatives over the past 10 years," Prasad said. Coal Secretary Vikram Dev Dutt commended coal companies for their impactful CSR .
Mizoram govt to get rid of non-performing employees: CM Lalduhoma
Mizoram Chief Minister Lalduhoma said his government has decided to remove non-performing employees from service. During a meeting to review the initiatives of the Education department held in Aizawl, Lalduhoma on Tuesday said that committees are being formed in departments to review the services of employees under the state government. He said that initiatives were taken to ensure a qualified and efficient workforce. "We feel that it is better we relieve all unqualified employees, who are no longer worth to be employed, to exit from their services as per norms. We are committed to having efficient employees, who maintain good quality of services," the chief minister told the meeting. Lalduhoma said that his government is taking steps to ensure that all projects are executed properly and effectively. "Projects are being closely monitored by the state project monitoring committee, which has inspected about 40 ongoing projects so far. We will be stringent in implementing and monitor
Unspent CSR funds hit five-year high of Rs 1,475 crore in FY23, shows data
This data covers all companies listed on the NSE and those exclusively listed on BSE with a market capitalisation exceeding Rs 1,000 crore
Aim for carbon neutrality in scope 1, 2 emissions by FY32: ICICI Bank
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
Centre sets up team to implement internship scheme announced in Budget
The Union Ministry of Corporate Affairs is holding discussions with corporate HR leaders in Delhi and Mumbai to finalise the contours of the scheme
Education made up 33% of firms' CSR spend in FY23, shows govt data
Reliance topped social spending from FY19 to FY22
'Internship scheme a complicated solution to a complicated issue': Fin secy
At 'Budget with BS: The Fine Print,' Finance Secretary TV Somanathan said companies costs for interns will be funded through their CSR budgets
Tax tribunal rulings open doors to more firms claiming CSR deductions
Orders expected to settle matter but chances of the authorities questioning such deductions not ruled out, say tax experts
Infosys Foundation, ICT Academy join hands to skill 48,000 students
Infosys Foundation, the philanthropic and CSR arm of software services firm Infosys Ltd, and ICT Academy of Tamil Nadu, a non-profit organisation, have joined hands with an aim to skill 48,000 students over a period of three years in various fields. The students will be trained in IT, banking, financial services and insurance, retail, e-commerce, logistics, knowledge process outsourcing, and soft skills. Infosys Foundation has committed a grant of over Rs 33 crore towards this project, it said in a statement on Wednesday. It announced that it has signed a Memorandum of Understanding (MoU) with ICT Academy to increase the employability of young learners in rural India. "This collaboration will aim to enable students pursuing engineering, arts, and science courses in tier 2 and tier 3 cities across the country to gain relevant skills that are necessary today for career development," the statement said. Through this MoU, Infosys Foundation said it will further help establish 'Centres
Tax tribunals in Delhi and Mumbai allow deductions for CSR donation
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
Less corporate responsibility? India Inc's CSR spending slowed down in FY23
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
Govt permits planting of trees on degraded land parcels for credits
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
Uttar Pradesh govt to tap into CSR funds for development projects
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
