CSR: LG Electronics pledges Rs. 1 cr to Armed Forces Flag Day fund
LG Electronics, India’s leading consumer durable brand celebrates this Independence Day, by announcing its contribution under ‘Kar Salaam- A CSR ...
Tag: CSR in India
As per Section 135 of the Indian Companies Act, 2013, a company, meeting the applicability threshold, needs to spend at least 2% of its average net profit computed as mandated by the Act for the immediately preceding three financial years on CSR activities. The Act prescribes that every company having a net worth of Rs. 500 crore or more, or turnover of Rs. 1,000 crore or more, or a net profit of Rs. 5 crore or more during any financial year shall ensure that it spends, in every financial year, at least 2% of the average net profits computed as mandated by the Act, in pursuance of its CSR Policy. The Corporate Social Responsibility (CSR) Committee of the Board identifies, executes and monitors CSR projects and assists the Board to fulfill its corporate social responsibility objectives and achieve the desired results. The Committee also ensures legal and regulatory compliance from a CSR perspective and reporting as well as communication to all the stakeholders on the CSR initiatives.
What is the background of Business Responsibility Reporting (BRR) in India?
Ministry of Corporate Affairs (MCA), Govt. of India released the ‘Report of the Committee on Business Responsibility Reporting (BRR)’ on ...
Corporate Social Responsibility (CSR): Bata spends over Rs. 7 cr on social development in FY 2019-20
Bata India Limited, has spent Rs. 7.59 crore on various Corporate Social Responsibility (CSR) programmes during FY 2019-20, the company’s ...
Corporate Social Responsibility (CSR): Rallis India spends Rs. 4.64 Cr on Sustainable Development programs
Rallis India Limited is a subsidiary of Tata Chemicals Limited and a part of the US$ 113 billion Tata Group. ...
Employee Volunteerism: SBI Employees collectively donate Rs. 108 cr to the PM CARES Fund, report
As part of our endeavour to fight the Covid-19 pandemic, while SBI staff members collectively donated Rs. 108 crore to ...
Corporate Social Responsibility (CSR): Collaboration to Support Assam Floods
Hinduja Foundation, Finolex Industries Limited, and ground partner Mukul Madhav Foundation, a Public Charitable Trust, has committed its support to ...
Corporate Social Responsibility (CSR): Tata Power invest Rs. 39 Cr against CSR obligation
At Tata Power Company Limited Group level, on a consolidated basis Rs. 39.97 crore was spent in FY20 against annual ...
Book review: Exploring Corporate Social Responsibility (CSR): Fundamentals and Implementation by Ravi Raj Atrey
Rusen Kumar, Founder and Managing Editor of India CSR Network, world's leading Corporate Sustainability and Responsibility (CSR) media company with ...
4 years of Deutsche Bank Corporate Social Responsibility (CSR) success impacting over 43,450 lives
Deutsche Bank’s partnership with Swades Foundation, now in its fourth year, has impacted the lives of 43,500 people in the ...
Corporate Social Responsibility (CSR): TCS spends Rs. 600 Cr in Social development programs in FY 2019-20
Tata Group Company - Tata Consultancy Services (TCS), a global leader in technology and consultancy, has demonstrated its commitment to ...
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Corporate Social Responsibility (CSR): Reliance Industries spends Rs. 1022 Cr on Social Development
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Corporate Social Responsibility (CSR): Lupin Limited spends Rs. 34 Cr towards Social Development programs
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Corporate Social Responsibility (CSR): IDFC FIRST Bank opens MBA Scholarships for 2020-2022 batch
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Interview with Shipra Sharma, Head – Corporate Social Responsibility (CSR) & Sustainability, L&T Infotech
