CSR: GK, General Studies and Current Affairs

National Sports Development Fund

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. ..

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 ..

Companies (Amendment) Bill, 2019

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 ..