[Livemint] Mphasis, Genpact to give Rs.60 lakhs to social innovators as CSR
The two firms will use their CSR funds to support innovations that will help in imparting skill training for employment, primary and secondary education and other relevant areas
TCS builds sanitation facilities for girls in 1000 schools
Tata Consultancy Services announced that it has completed building sanitation facilities for girl students in 1000 schools across Andhra Pradesh, Telangana and Bihar States as a part of Prime Minister’s Clean India Initiative.
[Livemint] Govt cancels licences of 2,406 NGOs
In a fresh move, the government has cancelled the licences of 2,406 non-governmental organisations (NGOs) across the country, which includes entities that run schools and hospitals.
[Forebes India] The changing landscape of CSR in India
It’s been a little over a year since the Corporate Social Responsibility (CSR) law came into effect on April 1, 2014. Within such a short period, the entire landscape of CSR in India has taken a radical flight. Discussions over the long term CSR vision and trends with new breed of leaders in the corporate landscape lead to some interesting findings.
[Business Standard] Impact is the real test of CSR investment – Abhijit Sen
There is a need to evaluate the Corporate Social Responsibility activities probably will have more substance than the compulsory CSR, an economist and former member of the Planning Commission has said.
[Times of India] Government urges public sector banks to contribute towards Swachh Bharat
The finance ministry wrote to state-run bank chiefs, asking them to tap into their corporate social responsibility (CSR) fund so that they could contribute to the Swachh Bharat Kosh, being managed by the expenditure department.
[The Financial Express] Eight Indian companies in Fortune 500 spend $81 mn/year on CSR
A report published by the Varkey Foundation in partnership with UNESCO states that eight Indian companies in the Fortune Global 500 spent USD 81 million a year on CSR activities.
[The Financial Express] Need to revisit tax norms for CSR spends
Undertaking corporate social responsibility (CSR) has become mandatory for Indian companies as well as foreign companies working in India from the current fiscal year. While the CSR laws are new and still evolving, there are many issues which require clarification so that bonafide activities are considered a part of the 2% mandatory CSR expenditure.
[The Indian Express]‘Learning’s not about enrollment, latrines in school. We’re failing children on massive scale’
Abhijit Banerjee and Esther Duflo, directors of the Abdul Latif Jameel Poverty Action Lab, a research centre at the Massachusetts Institute of Technology, spoke about their experiments with social sector schemes in India, why NREGA does a “poor” job of identifying the needy and how RTE has contributed to worsening learning levels in schools in a session moderated by Deputy Editor Harish Damodaran.
[The Indian Express] Corporate Social Responsibility should be voluntary: Vice-President Hamid Ansari
At a function organized by International Marketing Corporation (IMC) in Mumbai, the Vice-President Hamid Ansari on Monday said the Corporate Social Responsibility cannot be enforced through legislation and should be voluntary to make a change in social sectors in country.