Amul had pioneered inclusive growth through work with dairy farmers at grass-root level, changing lives, enhancing income and empowering women.
Parliament's standing committee on finance, headed by Bharatiya Janata Party leader Yashwant Sinha, on Thursday finalised its report on the Companies Bill, 2011.
Seven out of 10 customers in India prefer to conduct business with companies that have implemented socially responsible programmes, according to a Nielsen study.
'If the government was serious about co-opting the corporate sector meaningfully in the fight against COVID-19, it could have specified activities beyond cheque-writing,' notes Kanika Datta.
As many as 2,351 companies have not spent a single penny on corporate social responsibility.
HDFC chief Keki Mistry stresses the importance of inculcating values of social responsibility amongst Indian youth.
ONGC, Hindustan Petroleum, Bharat Petroleum, Indian Oil and Oil India listed the spending as part of their mandatory CSR commitment, but CAG noted that the Sardar Patel statue did not qualify for CSR funding.
US tech giant IBM is betting big on the India growth story and plans to open more software development centres in the country as it looks to partner with the government in its digitisation journey, its chairman and CEO Arvind Krishna said on Friday. On a visit to India, Krishna met Finance Minister Nirmala Sitharaman, Telecom Minister Ashwini Vaishnaw and Minister of State for IT Rajeev Chandrasekhar to discuss deeper collaboration including skilling and workforce development. The firm that originally designed the technology and system behind ATMs, barcodes and the US social security net, is greatly enthused with the speed at which the Indian government is willing to make decisions and where it is moving, he told a select media briefing.
Constantly evolving rules and anomalies over tax treatment have constrained corporate programmes in the first year that the government's CSR mandate has been in force.
The over 130-day-long protest by fisherfolk against the under-construction Vizhinjam sea port was on Tuesday called off for now.
Still reeling under a deadly second wave of Covid-19, Maharashtra may witness a third wave of the infection in July-August, Health Minister Rajesh Tope said on Thursday.
Summary of sports events and persons who made news on Monday
41 listed firms made 73 donations to gaushalas (cow shelters) and other cow-related charities over the last four years. The donations range from a few thousand rupees to a million.
While most of the amount has been spent on hunger, poverty, healthcare and education, the least was spent on sports, armed forces veterans and technology incubators.
Global information technology player, IBM, has selected 100 employees across 33 countries, including 20 from India, for specific projects under its Corporate Service Corps initiative, launched as part of its corporate social responsibility drive. These 100 employees are being sent to emerging and developing countries to address core challenges confronting society in fields like education and environment.
'The Indian state is very benevolent when it comes to corporates,' says Tom Thomas, chief executive officer of Praxis, and convenor of CRW India.
While companies in India are busy using the platform provided by movies to promote their brands and products, home-grown steel major Tata Steel has sponsored a commercial film to talk about environmental issues. Hello Zindagi, a movie venture supported by Tata Steel and Dhamra Port Company Ltd, which released on March 5, highlights the sensitive issue of the conservation of Olive Ridley turtles in the story.
India achieved a major milestone in its vaccination programme against COVID-19 as the cumulative vaccine doses administered in the country surpassed the 100-crore mark on Thursday.
The minister, while replying to the debate on Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, was responding to various issues raised by the Congress and other Opposition parties about the PM CARES Fund.
Around 8,000 companies would fall under the Companies Act's ambit.
He is survived by two sons, Rajiv Bajaj and Sanjiv Bajaj, and a daughter Sunaina Kejriwal.
For FY14, the first full year of the law's implementation, the spend could go up to nearly Rs 8,700 crore (Rs 87 billion), given that India Inc's profitability has grown at a compounded 7.5 per cent annually in the past three years.
A group of retired army officers have come together to provide a home for girls who never had a home before.
'PM-CARES money is for the relief of citizens, so what is the secrecy then?' 'Why will it harm anyone if it is revealed where the money came from and where it is going?' 'What is there to hide?'
Even as there is strong public sentiment against reopening Sterlite's copper plant in Tamil Nadu come reports that four farmers groups have come out in support of the factory.
Infosys has appointed Sudha Murty, Vandana Sikka and Sandeep Dadlani as the trustees of the arm.
"As business volatility and risks continue to rise, Indian organisations see sustainability as a key area of focus in the coming years. This is the clear message," said the study which covered 60 companies.
Sisodia claimed that while the Assam government procured PPE kits for Rs 600 a piece from other companies, Sarma gave urgent supply orders to the firms of his wife and son's business partners for Rs 990 a piece "taking advantage of the COVID-19 emergency".
A new book may help companies in getting corporate social responsibility right, notes Ajit Balakrishnan.
More and more CSR is being defined by how a company runs its operations and makes its profits; and just firms donating money to charities.
From small restaurants to mighty software companies, it is businesses, not the government, that create jobs. Yet, in a cruel irony, they have to fight extortive and brutal State power every step of the way, says Debashis Basu.
As a 'Team Mentor', Warne will work alongside head coach Andrew McDonald. The two were teammates in Victoria from 2003-07.
IT services major Infosys on Wednesday announced a new programme, wherein it will offer 500 job seekers the opportunity to complete a fully digital, online diploma course certified by Salesforce. The programme aims to prepare Americans for 21st century careers in the technology sector. Leveraging Trailhead, Salesforce's free online learning platform, the program will train these 500 American workers, free of cost, for roles at Infosys as Salesforce Certified Administrators and Salesforce Industries Developers, a statement said. The programme, targeting recent graduates from major universities, liberal arts colleges, and community colleges, will help Infosys to create a workforce prepared for the future, it added.
Corporate Social Responsibility is increasingly seen as a key differentiator, something corporates can no longer ignore.
The report found that only 20 per cent of companies supported programmes that aimed to change the behaviour of individuals despite its critical role in eliminating open defecation.
Lakshmanan contracted polio when he was only three months old. 'I didn't want to go for the swayamvar, but my uncle convinced me to attend.' He sat close to the door at the swayamvar. And then, Rohini walked in. Both her legs, too, were afflicted with polio.
In future versions, the app will not only expand its cricket coaching features, but will also focus on other aspects of the sport including mental and physical health, merchandising, and education.
Can we make high speed 4G Internet available at 10 cents per GB, and make all voice calls free of cost -- that too in a large and diverse country like India? Can we make high-quality but simple breast cancer screening available to every woman, that too at the extremely affordable cost of $1 per scan? Can we make a portable, high-tech ECG machine which can provide reports immediately and that too at the cost of 8 cents a test? Can we make an eye imaging device that is portable, non-invasive and costs 3 times less that conventional devices? Can we make a robust test for mosquito-borne dengue, which can detect the disease on day 1, and that too at the cost of $2 per test? Amazingly, says Dr R A Mashelkar, the eminent scientist, all this has been achieved in India, not only by using technological innovation but also non-technological innovation.
Jayant Chaudhary has plenty of time to make his own mistakes. But this election is a crucial test of his leadership.
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