In today’s world of fast changing business environment and a perennial shortage of resources, corporates have realised the need for Corporate Social Responsibility.
Gen Rajender Singh, CEO, DLF Foundation
“In today’s world of fast-changing business environment and a perennial shortage of resources, corporates have realised the need for Corporate Social Responsibility. It is in their interest to drive CSR as a part of their corporate governance. In this respect, the initiatives of the ministry of corporate affairs is well received. In the coming budgets, organisations would be looking forward to stimulus from the government for CSR initiatives including tax sops. In the area of rural education and healthcare and sanitation programmes, corporate would be better served if special benefits are accorded to them for working towards driving education, skill development and poverty alleviation programmes.
I also believe, 2 percent spending on CSR is the bare minimum and corporates should come forth and spend more than that. Tax incentives could also be offered to the corporates who spend more than 2 percent on CSR. Such initiatives also help in achieving some of the broader agendas for the government while offering benefits to corporate and thus any initiative in this regard would be quite valuable.”
(Source: http://www.moneycontrol.com/news/economy/budget-2013-14-india-inc-keenbudget-sops-for-csr-dlf-foundation_828004.html)
