The Delhi policewoman was standing in front of the dais at Vigyan Bhawan during the first National CSR Awards function. She fell and sat on the carpet when the national anthem was being played, according to a PTI photographer who was present.
'These days, you could give the money to your maid or the person who comes to collect your garbage or your watchman; they are struggling to make ends meet.' 'You could help a friend whose business is at risk due to the lockdown and the struggling economy.' 'Even if you lend money to someone in this crisis, it will be more useful to the economy than parking your money in some government fund,' says Praful Nikam.
Philanthropic contributions made by India's ultra high networth individuals (net wealth of over Rs 1,000 crore), also known as UHNIs, have fallen sharply to Rs 4,230 crore in FY22, from Rs 11,821 crore the previous financial year, according to the India Philanthropy Report 2023 by Dasra and Bain & Co, which was released on Wednesday. The report says that the dramatic fall, almost by a third, was due to the fact that contributions by the Azim Premji Foundation dropped by Rs 9,000 crore due to a share buyback of Wipro, which helped the foundation to access liquidity directly. However, the report laments that even excluding the Premji Foundation's contribution, "Indian UHNI contribution has not kept pace with wealth creation" and is "below par, with a 5 per cent contraction in FY2022".
Capart wants to help the industry fulfil corporate social responsibility
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.
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.
As per the complaint, cash worth more than Rs 1.5 crore, whose audit for withdrawal and expenditure remained unclear, has been recovered during the probe.
'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.
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.
'For our traditional membership base, it would be an access to disruptive ideas,' FICCI President Subhrakant Panda tells Asit Mishra/Business Standard.
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.
Summary of sports events and persons who made news on Monday
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.
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.
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.
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.
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 over 130-day-long protest by fisherfolk against the under-construction Vizhinjam sea port was on Tuesday called off for now.
'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.
Around 8,000 companies would fall under the Companies Act's ambit.
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.
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.
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.
He is survived by two sons, Rajiv Bajaj and Sanjiv Bajaj, and a daughter Sunaina Kejriwal.
'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?'
"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.
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.
A new book may help companies in getting corporate social responsibility right, notes Ajit Balakrishnan.
A group of retired army officers have come together to provide a home for girls who never had a home before.
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.
Corporate Social Responsibility is increasingly seen as a key differentiator, something corporates can no longer ignore.
As a 'Team Mentor', Warne will work alongside head coach Andrew McDonald. The two were teammates in Victoria from 2003-07.
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".
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.
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