'In fiscal 2020, the top priorities for India Inc continued to be education and skill development, as well as healthcare and sanitation - both accounting for 53% of the total spend on CSR,' it said.
The CSR (Corporate Social Responsibility) spends by companies mandated for sports are abysmally low, barring a few firms like Reliance, Hindustan Zinc, Tata etc.
Rich people with a generous mind are not a rarity in India. Published reports show that quite a few of them are inclined to give parts of their wealth to others.
This move will ensure vaccines are not wasted, says health min
Corporates in Bengaluru are coming forward to lend a helping hand to the government through their Corporate Social Responsibility (CSR )funding to fight the pandemic.
India has over 31 lakh NGOs, more than double the number of schools in the country, and 250 times the number of government hospitals.
Speaking to The New Indian Express, Arvind Limbavali, Kolar district incharge minister said that all the four plants are being sponsored under CSR.
Simultaneously, the fact- finding committee was formed by the district administration to probe the charges.
The first of its kind portal in the country will act as a bridge between the government and the firms providing funds under Corporate Social Responsibility initiatives.
At a time when India needs corporate India to play their part, there are still some areas under CSR rules that are ambiguous in nature. This is an attempt to shed some light and offer clarifications.
Certain class of profitable companies are required to shell out at least 2 per cent of their three-year annual average net profit towards CSR works in a particular year.
The Centre has allowed corporates to classify spending on setting up makeshift Covid-19 treatment centres under their Corporate Social Responsibility (CSR) fund.
Questions hang over the fate of the project after President Yameen Abdul Gayoom declared a state of emergency in the archipelago on February 5.