CSR SPENDS

A noteworthy fact in the CSR spends of the past 5 years is the growing emphasis on healthcare, WASH and environment sustainability (JICA Report). This bodes well for achieving India’s net zero goals by 2070.

The foundations of several companies, such as the Reliance, Tata Steel, JSW, Hindustan Zinc and SKF India, have been supporting sports as part of their corporate social responsibility (CSR) commitments. However, the data on whether there has been an...

Private philanthropy is expected to see a significant expansion with family philanthropy seeing a shift towards building a strong ecosystem.

Indian companies are expanding their corporate social responsibility (CSR) initiatives beyond compliance, with a focus on strategic impact investing such as social bonds and pay-for-success models, according to a Deloitte India survey. While interes...

Deloitte India's CSR preparedness survey reveals that only 28% of Indian organizations feel very prepared for impact investing, despite high interest. The study shows a shift towards CSR as a strategic driver of corporate strategy, with increased in...

Ten companies, including these three, accounted for 33% of the total spends on CSR in FY23, according to data shared exclusively with ET by primeinfobase.com, an initiative of Prime Database Group.

Section 135 of Companies Act requires firms of a certain size to spend every year at least 2% of average net profits of previous three financial years on stipulated CSR activities. Failure to do so will make a company liable to pay a penalty twice t...

India has come a long way since then. Many Indian businesses are now huge, and with great power (i.e. money) has come great(er) responsibility. They are foraying into the social sector, with corporate social responsibility imperatives creating thous...

The Bajaj Group's humanitarian efforts are channelled through several institutions. The Jamnalal Bajaj Foundation, Jankidevi Bajaj Gram Vikas Sanstha, and the Kamalnayan Bajaj Hospital, among others, have worked unceasingly to uplift and empower com...

Bajaj Auto is set to launch its first clean fuel CNG motorcycle in June, targeting mileage-conscious consumers. This bike will be part of a new brand and will offer both petrol and CNG fuel options. Additionally, the Bajaj Group has committed Rs 5,0...

While there has been an increase in the number of companies complying with the CSR mandate in this period, spending by this segment grew moderately at 7%, less than half the 15% expansion seen in family philanthropy and 12% in retail giving.

In the initial phase, the skills development ministry plans to tie up with the private sector to impart training under corporate social responsibility (CSR) programmes and scale it up with government funding, Ved Mani Tiwari, chief executive of the ...

In FY22, India's corporate social responsibility (CSR) spending on the environment more than doubled to ₹2,837 crore, which made the sector the biggest recipient of such funds after health and education, according to the latest provisional data by t...

​​The 2013 law states that CSR spending should be a minimum of 2% of average net profit of the three preceding years. When the budget is based on profitability, companies tend to be risk-averse, said Neera Nundy, co-founder of Dasra, a strategic phi...

The Ministry of Corporate Affairs (MCA) has highlighted the limited impact of corporate social responsibility (CSR) initiatives in India, despite a significant increase in spending. According to the MCA, CSR spending stood at Rs 26,210 crore in FY21...

During a four-year span till the closure of financial year 2023, CIL as a whole spent a total of Rs. 2,238 crore under its CSR umbrella, the release said. This is 29% higher than Rs.1,735 crore mandated as per Company (CSR) rules 2014.

As part of FY 2023-24 Budget proposals, the Union Finance Minister has recommended restricting ITC on goods or services used for meeting the CSR obligation. Experts say this may have adverse impact on CSR benefits.

It's difficult for a founder to step down. But at some stage, I as a founder had to step down. I had built that biz for almost 40 years, says Harsh Mariwala.

The enterprises will be incentivised to take up skills training of individuals as the government aims to scale up training of candidates to cater to the growing demand. The government is also exploring the possibility of creating a 'Skill Wallet' to...