Under Utilisation of CSR funds by Coal India: Parliamentary Panel

NEW DELHI: Stating that Coal India spent just Rs 82 crore out of Rs 553 crore alloted to it in FY’12 under corporate social responsibility, a Parliamentary panel today said officers in-charge of spending money in CSR activities should be punished for dereliction of duty.

“The Committee deprecated non-utilisation of budgetary funds for CSR activities by the Coal India and its subsidiaries. In fact out of the allotment of Rs 553.33 crore in 2011-12, Coal India…could spend only Rs 82 crore and..was therefore, gross failure of duty on the part of Coal India,” the Standing Committee on Coal and Steel said in its report.




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