Social responsibility Current Affairs, GK & News

India’s First Social Impact Bonds

The Pimpri Chinchwad Municipal corporation (PCMC) and United Nations Development Programme, India signed a Memorandum of Understanding to create the first Social Impact bond of India. What are Social Impact Bonds? A Social Impact Bond is also called pay-for-success bond or pay-for-success financing. A Social Impact Bond is basically a contract with public sector authority ..

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RAISE 2020, Artificial Intelligence Summit: Key Facts

On October 5, 2020, PM Modi is to inaugurate the Global Virtual Summit on Artificial Intelligence. The summit is organised by Government of India in partnership with academia and industry. The summit aims to transform education, health and agricultural areas. RAISE is Responsible AI for Social Empowerment, 2020. Highlights In June 2020, India joined the ..

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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 ..

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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 ..

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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 ..

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