Corporate Social Responsibility: GK, General Studies and Current Affairs

Parliament passes Taxation and Other Laws (Relaxation and Amendment of Certain provisions) bill

On September 23, 2020, Parliament passed the Taxation and other laws (Relaxation and Amendment of certain provisions) bill, 2020. It replaces an ordinance and will make few changes to direct and indirect tax laws. It was cleared in Rajya Sabha through voice vote. The bill was passed in Lok Sabha earlier. Key Features The bill ..

Facebook launches ‘Pragati’ in India

Major Technological Company Facebook launched its Corporate Social Responsibility (CSR) initiative called ‘Pragati’ in India. The initiative which aims to boost women entrepreneurship in India, is powered by N/Core (The/Nudge Centre for Social Innovation). The project will incubate and accelerate early-stage women-led non-profit units that work on women entrepreneurship. The initiative will award four financial ..

Education sector received the maximum CSR funds from 2014-15 to 2017-18

The Union Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur in a written reply to Rajya Sabha on Tuesday, 10th December 2019 informed that the Educational sector has received the maximum Corporate social responsibility(CSR) spent during the financial years from 2014-15 to 2017-18. A grand total of Rs 15,742.33 crores have been ..

Government announces measures to arrest economic downturn

To improve the grim economic situations in India, the Indian finance ministry has announced several measures to arrest the economic downturn in India and promote a healthy investor scenario in India. These measures were announced the Finance Minister of India, Mrs. Nirmala Sitharaman in a press conference. Which measures were announced by the Finance Minister? ..

Injeti Srinivas committee on CSR recommends CSR expenditure to be made tax deductible expenditure

The High Level Committee on Corporate Social Responsibility (CSR), headed by Corporate Affairs Secretary Injeti Srinivas, has recently submitted its report to Finance Minister Nirmala Sitharaman. The main recommendations include making CSR expenditure tax deductible, allowing the carry-forward of unspent balance for a period of 3-5 years, and aligning Schedule 7 of the Companies Act ..