'Looking at how teachers can change lives of students, I asked myself: 'Why don't I become a changemaker and change the lives of underprivileged students?''
Family philanthropy has proven resilient throughout the pandemic and grew to nearly Rs 12,000 crore in fiscal year 2020, accounting for almost two-thirds of the rise in private sector funding since FY19, says a report. According to the India Philanthropy Report 2021, co-created by Bain and Company and Dasra, funding from family philanthropy has tripled its corpus, growing to nearly Rs 12,000 crore in FY 2020. As per the report, in FY 2020, private-sector funding which stems from four sources including foreign, corporate, retail, and high-net-worth individuals (HNIs) or families totalled about Rs 64,000 crore and 20 per cent of this came from family philanthropy. While foreign contributions account for a quarter of all funding, domestic corporation donations also known as Corporate Social Responsibility (CSR) account for 28 per cent and retail investors account for another 28 per cent.
Women leaders, succession planners and lawyers say doors in family businesses are opening but a stronger push is needed.
In first year, ONGC spending likely at Rs 405 cr, followed by Reliance Industries' at Rs 377 crore.
Opposing the Centre's stand that the PM CARES Fund was not a government fund, a lawyer told the Delhi High Court Wednesday that there was no factor to show that the fund was private in nature.
An interview with HUL's managing director and CEO Sanjiv Mehta.
'Dowry is the main reason for female foeticide'
Former skipper Sourav Ganguly described India as favourites to lift the World Cup, saying the team is in best possible shape to win the quadrennial event which gets underway at England on May 30.
There is a case for more stringent evaluation of CSR plans based on voluntary allocations, but a rule-based approach might be more effective.
Finance Minister Nirmala Sitharaman on Friday announced a slew of measures to boost economic growth and address distress in various sectors
The ministry said some urgent amendments are not there in the ordinance but are required for strengthening the corporate governance
He also said that the PM did not speak about ending the lockdown, which remains in force till May 3. Singh Deo took part in the meeting with Chief Minister Bhupesh Baghel. "The PM said that spike in cases could happen in June and July so the coronavirus will be among us for a long period and (present) activities must be done keeping this in view," the health minister said.
CSR should be re-labelled ISR, Individual Social Responsibility, and each of us, as individuals ought to feel the need to give back, says Gurcharan Das.
The government may give poor people LPG stoves free of cost as part of its blueprint to expand domestic cooking gas coverage to at least three-fourth of the population.
Under the Companies Act, 2013, auditors have the responsibility of reporting frauds, at entities being audited by them.
Sanjay Sharma, 50 from Nanded, Maharashtra shares his dreams for 2020s.
Corporate Social Responsibility can become a serious tool for improving the lives of millions in any structural and long term way, writes Rajni Bakshi.
Between August and September Finance Minister Nirmala Sitharaman toured the length and breadth of India meeting traders, experts and entrepreneurs to gauge the pulse of the nation, reports Ruchika Chitravanshi.
Having missed touring India during his cricket career, former Australian fast bowler Jeff Thomson arrived in Mumbai early this morning to impart his knowledge to Mumbai pace bowlers through a joint initiative by MCA and IDBI Federal Life Insurance.
The South Delhi Municipal Corporation's decision to make washrooms in hotels and eateries open to the public for a fee highlights India's failure to expand access to toilet facilities.
Accusing the Bharatiya Janata Party of indulging in "shout and scream" practices to disrupt Parliament, Union Minister Sachin Pilot has said government is more than willing to "walk the half way" to debate issues raised by the opposition.
Highlights of the announcements made by Finance Minister Nirmala Sitharaman on the reduction in corporate tax and other fiscal relief measures for the economy to promote growth and investment.
'Revival is happening slowly.' 'But that is, if the pandemic is controlled.'
On Thursday, the Bill was approved by the Rajya Sabha; once it receives the president's assent and is notified, it will replace the legislation in force currently, which dates from 1956.
Child labour is an issue in India which must be tackled soon.
#GiveItUp but no matching LPG connections for BPL
The high court was hearing a plea by Samyak Gangwal challenging a June 2 order of the Central Public Information Officer (CPIO), PMO, refusing to provide documents sought by him on the ground that PM CARES Fund is not a public authority under the RTI Act.
'Companies are threatening to terminate them or putting them on unpaid leave.'
Referring to the issue related to Corporate Social Responsibility (CSR), which has been made mandatory by the new laws that govern companies, IT czar Azim Premji on Wednesday said philanthropy cannot be forced and it has to be spontaneous.
Nadar and his family donated Rs 826 crore, while Azim Premji gave Rs 453 crore and Ambani parted with Rs 402 crore, according to the Edelgive Hurun India Philanthropy List 2019.
Many are testing hybrid models including getting small batches to work, rotating staff every week, introducing shifts and allowing certain functions to operate from office in small numbers.
Total income of Wipro was almost flat at Rs 15,571.4 crore at the end of the first quarter of 2020-21 compared to Rs 15,566.6 crore in the corresponding quarter of the fiscal year 2019-20.
Indian economy was growing faster than the global average and all other major economies: FM
Refuting allegation of misusing position to get corporate funding for his family-run NGO, Oil Minister M Veerappa Moily on Wednesday said he had at no point extended any help or favour to any company for seeking aid.
The solicitor general said that the PM CARES Fund is a 'voluntary fund'. "It is a public trust. It is a body where you can make voluntary contributions and no budgetary allocations to the NDRF or SDRF are being touched. What has to be spent will be spent," the law officer said.
Looking to better serve the interests of all stakeholders, the government on Thursday approved amendments to Companies Bill 2011, including changes related to spending on CSR activities.
Sitharaman, a newcomer on the Forbes most powerful women list, is ranked 34th. The Forbes 2019 list of 'The World's 100 Most Powerful Women' has been topped by German Chancellor Angela Merkel, followed by President of the European Central Bank Christine Lagarde in the second spot and Speaker of the US House of Representatives Nancy Pelosi, ranked third. Also on the list is Bangladesh Prime Minister Sheikh Hasina (29).
Rediff.com's Syed Firdaus Ashraf traces the journey of PM-CARES from its founding to finally admitting it is not a government fund.
'Mr (Gautam) Adani invested in Vizhinjam port when no other viable party was willing to bid.' 'He has also been active in charitable work and CSR projects in our coastal areas.' 'As the local MP, I do not judge the local situation purely through the prism of politics.'
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