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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 ..

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 ..

Injeti Srinivas heads high-level committee on Corporate Social Responsibility

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 ..

Karnataka hosts 12th edition of International Conference on Corporate Social Responsibility

The 12th edition of International Conference on Corporate Social Responsibility (CSR-2018) was held in Bengaluru, Karnataka on February 9, 2018. The 2018 theme was ” Responsible CSR: a New Agenda Beyond Governance”. The 2-day conference was attended by over 400 experts and delegates from all over India and abroad. In the conference, the prestigious Golden ..