India CSR News Network
NEW DELHI: The Ministry of Corporate Affairs has not brought out any Corporate Social Responsibility (CSR) Compendium. However, a study of 460 listed companies, which have placed annual returns on CSR on their websites, estimated that 51 Public Sector Undertakings (PSUs) and 409 private sector companies spent about Rs. 2386.60 crore and Rs. 3950.76 crore respectively on CSR during the year 2014-15. A statement indicating activity – wise CSR expenditure incurred by companies is at annexure.
Section 135 of the Companies Act, 2013 containing CSR provision of Companies Act; Companies (Corporate Social Responsibility Policy) Rules, 2014; and Schedule VII which enlists the activities to be undertaken under CSR by companies, were notified on 27th February, 2014 and came into force from 1st April, 2014. The Ministry has since issued clarificatory circular and Frequently Asked Questions (FAQs) dated 18.06.2014 and 12.01.2016 respectively to facilitate effective implementation of CSR and ensure compliance by companies under the legislation.
This was stated by Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha today.
Activities wise CSR expenditure (FY 2014-15)
|Sl. No||Subjects in Schedule VII||CSR Expenditure (in Rs. Crore)|
|1||Eradicating Hunger, Poverty & Health Care||1421.66|
|2||Education/ Vocational skills / livelihood enhancement||1462.6|
|3||Women / Old Age / Children||219.27|
|5||Art & Culture||539.83|
|10||Swatch Bharat Kosh||42.64|
|11||Clean Ganga Fund||15.49|