CSR Current Affairs, GK & News
The Security Printing & Minting Corporation of India recently contributed 1 crore INR to the National Sports Development Fund as part of Corporate Social Responsibility. About the Fund: The NSDF was established and notified in 1998 under the Charitable Endowments Act of 1890. It was created to mobilise funding for developing sports in the country. ..
Information Technology firm Wipro has partnered with IT body NASSCOM (National Association of Software and Services Companies) to launch a skilling platform called ‘Future Skills’ for new age technologies such as Artificial Intelligence (AI), Internet of Things (IoT) that will reach 10,000 students from over 20 engineering colleges in India. About ‘Future Skills’ Platform The ..
Category: Science & Technology Current Affairs
President Ram Nath Kovind presented the National Corporate Social Responsibility Awards (NCSRA) to selected companies in New Delhi. These awards are highest recognition given by Government of India in domain of CSR and are awarded to companies for their outstanding contribution in area of Corporate Social Responsibility (CSR). About National Corporate Social Responsibility Awards (NCRSA) ..
Category: Awards, Persons & Places in News
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? ..
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 ..
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 ..