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. ..
CSR: GK, Current Affairs, Questions, Trivia and 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 ..
After much deliberations, the Lok Sabha passed The Companies (Amendment) Bill, 2019. This Bill seeks to amend the Companies Act, 2013 and replaces an earlier replace the ordinance promulgated earlier in this regard. What is the bill? The Companies (Amendment) Bill, 2019 seeks to tighten the corporate social responsibility (CSR) compliance of companies and reduce ..
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 ..
The Union Ministry of Corporate Affairs (MCA) has recently constituted an 11-member high-level committee on Corporate Social Responsibility (CSR) to review the existing framework and guide and formulate the roadmap for a coherent policy on CSR under the companies law. The Committee, which will be headed by Corporate Affairs Secretary Injeti Srinivas, will analyze outcomes ..
Arun Jaitley, the Union Minister for Finance and Corporate Affairs, has launched the National CSR Data Portal & Corporate Data Portal in New Delhi on January 19, 2018. The National CSR Data Portal will capture information on CSR activities carried out by eligible companies, filed on the MCA21 registry in their financial statements. The filed ..