IRMA To Organise Roundtable On CSR

0
44

AHMEDABAD: The Institute of Rural Management-Anand (IRMA) will organise a roundtable dialogue on the theme ‘CSR – The Road Ahead’, at Anand on March 24 and 25.

Policymakers, academia, corporate bodies (both private and public sectors) and Non-Government Organisations (NGOs) will participate in the event to evolve policy directions for Corporate Social Responsibility (CSR) expenditure mandated under amendments to the Companies Act in 2013, according to a press release here on Saturday.

The Act mandates that 2 per cent of net profits be spent on CSR activities by corporate bodies crossing a certain threshold of profits (Rs 5 crore) or turnover (Rs 1,000 crore) or net worth (Rs 500 crore) in any year. Various estimates of such expenditure range from about Rs 15,000 to Rs 20,000 crore by 5,000-10,000 companies every year, posing issues of effectiveness and sustainable benefits arising out of such expenditure, Prof Jeemol Unni, Director, said.

[Business Line]

Comments

comments

SHARE
Previous articleCHINAR Organizes Medical, Education Baselining Event For Children in Kashmir
Next articleNew CSR Rules Not Applicable To SBI, Bank To Comply Voluntary
India CSR Network
India CSR Network is India's biggest and most trusted news portal in the domain of CSR & Sustainability. India CSR welcomes stories, statements, updates, reports on issues that interest you. Feedback, comments will make it more purposeful and resourceful. It is designed and maintained by India CSR Group. Contents are non-fiction. Though all efforts have been made to verify the accuracy, the same should not be construed as a statement of law or used for any legal purposes. In case of any ambiguity or doubts, readers are advised to verify with the source(s). Statement, articles, views and contributions can be sent to editor@indiacsr.in