Corporate Social Responsibility Policy

0
166

INDIACSR News Network

NEW DELHI: Department of Public Enterprises (DPE) issued guidelines on Corporate Social Responsibility (CSR) for Central Public Sector Enterprises (CPSEs) in April, 2010 and these Guidelines are applicable only to the Central PSEs.  As per these Guidelines, the CPSEs may undertake projects or activities in the periphery where company carries out its commercial activities, as far as possible.  Where this is not possible or applicable, the company may choose to locate CSR projects anywhere in the country.  The CSR budget has to be mandatorily allocated through a Board Resolution as a percentage of Net Profit (previous year) in the following manner:

Type of CPSEs

Net Profit (Previous Year)

Expenditure range for CSR

in a Financial Year

(% of profit)

 

(i)    Less than Rs. 100 crore

3% – 5%

(ii)   Rs. 100 crore to Rs. 500 crore

2% – 3%

(Subject to a Minimum of Rs. 3 crore)

(iii)  Rs. 500 crore and above

0.5% – 2%

The CSR Budget is to be fixed for each financial year and this fund does not lapse.  The unutilised funds in a particular year have to be transferred to a CSR Fund, which will accumulate.

The above information was given by the Minister for Heavy Industries & Public Enterprises Praful Patel to the Parliament.

Comments

comments

SHARE
Previous articleTata Steel’s Archer Deepika Kumari Conferred with Arjuna Award
Next articleBETI by Gitanjali: Celebs Walk the Ramp at India International Jewellery Week to Support for Treatment of Sonali Mukherjee
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