Corporate Social Responsibility (CSR): India
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This is a collection of articles archived for the excellence of their content. |
2014-15: Rs 5,240 crore spent on social activities
The Times of India Jan 07 2016
i) Break-up of CSR spend ii) Top five spenders in 2014-15
India is the only country in the world where corporate social responsibility is mandatory. Companies with a net worth of 500 crore or turnover of 1,000 crore or net profit of 5 crore must spend at least 2% of their average net profits of the past three years on CSR. In 2014-15, the first year of compliance, the stipulated companies reported spending 5,240 crore on social activities, though not everyone among the top 100 listed companies, including 21 PSUs, met the minimum spend norm
