Proposal looks to decriminalise 2/3rd offences under Companies Act
Proposed changes have been drawn from the report of the Company Law Committee (CLC), headed by corporate affairs secretary Injeti Srinivas. “Proposals to decriminalise about 44 of the compoundable offences under the Companies Act will be taken up by the cabinet,” said a senior official.
Labour Ministry moots social security fund linked to CSR norms
The ministry has proposed constituting a social security fund or funds for pro...
Consumption slump just a phase; neighbourhood shops hit hard: Mariwala
There is a need for the government to unleash both short-term and long...
Education received major chunk of CSR spend by corporates: Government
The CSR activities taken up by the companies relate to various sectors including education, healthcare, sanitation, environmental sustainability, poverty alleviation and skill development.
Non-compliance of government directives by CPSEs led to shortfall of Rs 9,417 crore in dividend: CAG
As per the norms, all profit-making central public sector undertakings (CPSUs) are required to declare a minimum dividend on equity of 20 per cent or a minimum dividend payout of 20 per cent of after-tax profit, whichever is higher, subject to availability of disposable profi
Companies need to do a lot more: Rishad Premji
Indian firms need to do more to run their businesses fairly and ethically, Wipro chairman Rishad Premji said.
President Kovind suggests more social welfare spending by companies for orphans, disabled people
Under the Act, certain class of profitable companies are required to shell out at least two per cent of their three-year average annual net profit towards CSR activities in a particular financial year.
Will companies turn CSR into CIR?
Mandatory CSR spending essentially provides a nudge to companies to spend up to 2% of their profits on supporting research and innovation.
Enabling startups through demand-led innovation
The next phase of growth of the startup ecosystem will be based on demand coming from corporates, making the growth not only rapid, but also sustained.
Have sent auto sector's Budget wish list to finance minister: Arjun Ram Meghwal
Addressing the 4th annual SIAM CSR Conclave here, the minister of state for heavy industries and public enterprises asked the auto industry for more suggestions, if any, before the finalisation of the Budget.
Govt-sponsored incubators eligible for CSR funds
Nirmala Sitharaman said that research funding in science, technology, engineering and medicine will be counted as part of mandatory CSR expenditure.
Become thinkers and not just officers: Ravi Shankar Prasad
Ravi Shankar Prasad asked the young officers to become "thinkers" instead of just "officers" and help in the country's drive towards innovation and technology led growth. He also asked the government officers to create patents and think of ways in which BharatNet can be taken to the last mile or how corprorates can be part of the Digital Village programme.
Corporate CSR funds not to go into govt projects
Thakur also clarified that corporates could now count contributions towards designated technology incubators and contributions to public funded universities, Indian Institutes of Technologies (IITs), national laboratories and autonomous bodies engaged in research as part of their CSR expenditure.
Cash CSR donations face GST implications
Tax liability arises as legal definition of charitable activities is very specific
Niti Aayog asks India Inc to assess CSR impact
Speaking at the event, the Additional Secretary for Department of Personnel and Training, Srinivas Katikithala said that there is a need for partnership between the government and industry for capacity building to achieve greater impact of CSR projects.
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