The portal will bring transparency in CSR activities, as it will be easier for the companies to track implementation of the projects.
New CSR disclosure norm a positive step; brings in transparency, says HCL Foundation chief Nidhi Pundhir
Pundhir said HCL Foundation -- CSR arm of HCL Technologies -- had been disclosing the details of its CSR spending since 2015-16, although the government has notified its format this year.
The Corporate Social Responsibility (CSR) regime showed that an amount of Rs 8,828.11 crore was spent towards such works in the last financial year.
Companies are responding positively and have shown encouraging signs in adopting the culture of being responsible towards society.