INDIACSR News Network
NEW DELHI: One of the highlights of the new Companies Bill, as passed recently by the Parliament, is Clause 135, which provides for Corporate Social Responsibility or CSR – a first of its kind provision that is being admired and talked about not only in India but across the globe.
Bigger Private companies, while maximizing growth, also have a greater responsibility towards society so as to contribute towards an equitable and sustainable growth of the country. Clause-135 helps to take a giant leap in driving this agenda forward – taking the concept of CSR from the backroom to the Boardroom. Clause-135 has the power and potential to completely transform the development space in India right from education to healthcare to renewable energy to start-up incubation amongst others.
In order to discuss and deliberate on this aspect of the new Companies Bill, Sachin Pilot, Minister of Corporate Affairs, participated in a Google+ Hangout on CSR at 11am on 13 August 2013. This Hangout was moderated by well known anchor Shereen Bhan and was broadcast live on YouTube at http://www.youtube.com/user/indiaconversation.
The Hangout had other renowned participants including Anand Mahindra (CMD, Mahindra & Mahindra), Aditya Puri (MD, HDFC Bank), Rakesh Bharti Mittal (Vice Chairman & MD, Bharti Enterprises) , social entrepreneurs, NGOs, students from IIM-Bangalore amongst others. The Hangout was broadcast globally via YouTube and had people sending in their questions via twitter to @shereenYT with #CSR and #135.