Corporate Social Responsibility: GK, Current Affairs, Questions, Trivia and News

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 ..

Report of High Level Committee on Corporate Social Responsibility

The report of the High-Level Committee on Corporate Social Responsibility (CSR) headed by Corporate Affairs Secretary Injeti Srinivas has submitted the report to the Minister of Finance and Corporate Affairs Nirmala Sitharaman. Recommendations of the Committee The CSR spend by corporates should become tax-deductible i.e. the expenses towards CSR should be eligible for deduction in ..

Sahara: Hostel for Veer Naris

The Sahara Naval Hostel for the ‘Veer Naris’ was inaugurated in New Delhi. The Sahara Naval Hostel for the ‘Veer Naris’ was undertaken by the Indian Navy under the Corporate Social Responsibility (CSR) partnership with National Buildings Construction Corporation (NBCC). Supporting Veer Naris The hostel aims to addresses a long term need felt towards the ..

Ministry of Corporate Affairs releases national guidelines on responsible business conduct

Ministry of Corporate Affairs (MCA) has recently released the National Guidelines on Responsible Business Conduct (NGRBC). These guidelines urge businesses to actualize the principles in letter and spirit. For this purpose, the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business, 2011 (NVGS) have also been revised. According to the guidelines, businesses should ..

Corporate Affairs Ministry released Guidelines on responsible business conduct

Ministry of Corporate Affairs has revised the National Voluntary Guidelines and has formulated the National Guidelines on Responsible Business Conduct. These guidelines will urge businesses to actualise the principles in letter and spirit. According to it, businesses should conduct and govern themselves with integrity in an ethical, transparent, safe and accountable manner. The goods and ..

Infosys announces Rs 1.5 crores Aarohan Social Innovation Awards (ASIA) to push innovation in social work

Recently, Infosys Foundation announced Rs 1.5 crores Aarohan Social Innovation Awards (ASIA) to push innovation in social work following increase in funds under the government rules. The awards would be given in six categories including healthcare, rural development and destitute care. The purpose of the awards is to recognise and reward individuals, teams or NGOs ..