In conversation with Samhita Social Ventures, Archana Sahay, Asia Pacific Japan China, Community Relation lead at Cisco, talks about the potential that the Companies Act 2013 holds for the social sector, focus areas of Cisco’s CSR activities, and how employee engagement can be leveraged.
Priya Naik, Founder and Managing Director of Samhita Social Ventures emphasizes on financial inclusion as the key to economic and social development in an article in CSR Mandate. Financial inclusion is a fundamental cornerstone of economic and social development. The mandatory CSR spending, as stipulated by the Companies Bill 2012, can help foster partnerships and help achieve a joint approach to promoting financial inclusion in a way that is mutually beneficial to all stakeholders.
The government has notified the rules for implementation of Sec 135 of the Companies Act, which cover mandatory CSR obligations for companies. The Act will take effect from 1st April, 2014. With the notification of these rules, it is hoped that companies will be better positioned to make strategic and program commitments for their CSR activities. Here is Samhita’s interpretation of the rules and what they mean for companies and social organizations.
In this article, Anuradha Bhalla, shares her perspective on how philanthropy has evolved in India, what the options for companies are, how CSR can be leveraged to create positive impact. She takes a step forward to discuss how philanthropy and creating good is not only the responsibility of institutions but also that of the individual. She argues that it is now time for the individual to stand up for what they believe in and provides avenues that one can leverage for the same.