Corporate Social Responsibility: Current Affairs, GK & News - 2020-2021

High Level Committee recommends CSR expenditure to be made tax deductible

Published: August 14, 2019

High Level Committee (HLC) on Corporate Social Responsibility (CSR) constituted by Ministry of Corporate Affairs recommended making CSR expenditure tax deductible and to make compliance violations as a civil offence that attracts penalties. Corporate Affairs Secretary Injeti Srinivas presented the Report of the High Level Committee on CSR to Union Finance Minister Nirmala Sitharaman. High ..

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

Published: August 14, 2019

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 ..

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Report of High Level Committee on Corporate Social Responsibility

Published: August 14, 2019

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 ..

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Parliament passes Companies (Amendment) Bill, 2019

Published: July 31, 2019

Parliament passed Companies (Amendment) Bill, 2019 aimed at tightening Corporate Social Responsibility (CSR) compliance and ensuring stricter action for non-compliance of the company law regulations. It amends the Companies Act, 2013. It was first passed by Lok Sabha on July 26, 2019 and then by Rajya Sabha by July 30, 2019. Salient Features of Bill ..

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NALCO to get President’s award for excellent CSR in social development

Published: June 30, 2019

National Aluminium Company Limited (NALCO), an Odisha-based Navaratna Company has been selected for President’s award for utilisation of Corporate Social Responsibility (CSR) fund in social development. NALCO was selected for its Aliali Jhia Scheme. About Aliali Jhia In 2015 NALCO started a scheme called Aliali Jhia. The scheme was on the line of Beti Bachao ..

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