Under Utilisation of CSR funds by Coal India: Parliamentary Panel

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NEW DELHI: Stating that Coal India spent just Rs 82 crore out of Rs 553 crore alloted to it in FY’12 under corporate social responsibility, a Parliamentary panel today said officers in-charge of spending money in CSR activities should be punished for dereliction of duty.

“The Committee deprecated non-utilisation of budgetary funds for CSR activities by the Coal India and its subsidiaries. In fact out of the allotment of Rs 553.33 crore in 2011-12, Coal India…could spend only Rs 82 crore and..was therefore, gross failure of duty on the part of Coal India,” the Standing Committee on Coal and Steel said in its report.

(PTI)

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