However, RIL has exceeded the mandatory 2% prescribed limit, spending the maximum amount of Rs 761 crore
You cannot have a corporate tax and then say spend another two per cent.
Procurement Leaders Awards is a benchmark for Global Procurement Excellence given by the Procurement Leaders Forum.
The major initiatives of the Modi government have been launched to ensure cleanliness across the country
Several Indian companies might have to set aside 2 per cent of their average net profits during the preceding three years to meet corporate social responsibility (CSR) spending requirements. A parliamentary standing committee on finance, which vetted the Companies Bill, 2009, said in its report that the ministry of corporate affairs has agreed to the suggestion.
While praising the internship scheme announced in the Budget, India Inc wants clarity on how it will be implemented. The scheme is expected to help companies address the skill gap in employment. Dheeraj Hinduja, chairman, auto major Ashok Leyland, said: "We had started an internship programme at our plant in Pantnagar, which we established in 2010 with colleges there.
According to proposed norms, companies will need to spend at least 2 per cent of net profit on corporate social responsibility-related activities.
The government on Thursday rolled out the internship programme on a pilot basis that will provide a total annual financial assistance of Rs 66,000 to those in the age group of 21-24 years, and aim to cover one crore youth over five years.
Letter to corporate affairs ministry cites slowing economy, capital challenges.
India is very important for us. With its network of NGOs and the challenges of poverty reduction and clean technologies, we consider India as an important region.
Finance Minister Nirmala Sitharaman on Saturday said the government will arrange identity cards and registration on the e-Shram portal to assist 1 crore gig workers. Presenting the Union Budget 2025-26, the finance minister also said a scheme for the socio-economic upliftment of urban workers will be implemented.
Wipro Chairman Azim Premji on Thursday came out strongly against the idea of formulating laws on mandatory spending by industry on corporate social responsibility.
LN Mittal, who is a frontrunner for acquiring a 51 per cent stake in Sesa Goa from Mitsui and has announced plans for projects in Jharkhand and Orissa worth Rs 40,000 crore each, is planning a $2 billion (Rs 8,600 crore) foundation.
The government on Friday said it has asked companies for suggestions to incentivise corporate India's contribution to social and environmental programmes.
Tata Steel, world's sixth largest steel maker on Wednesday said it has bagged the 'Golden Peacock' award for 2009 for its corporate social responsibility initiatives.
The proposals are expected to be part of the new Companies Bill, 2011.
'There will be 200 ITIs developed as hubs, while 800 will be developed as spoke, connected with five National Skill Training Institutes.'
The industry, however, has opposed any specific allocation for the purpose, saying CSR should be self monitored without any government supervision.
Internship opportunities have been posted by 193 companies, including Jubilant Foodworks, Maruti, Eicher Motor, L&T, Muthoot Finance and Reliance.
Corporate social responsibility for a state-owned firm may no more be a "photo opportunity" for its chairman but would involve people-centric projects to be funded by 2-5 per cent of the company's net profits.
Before heading abroad, ensure your travel insurance policy offers all essential coverage and has an adequate sum insured.
'We give them problems so that they can come up with solutions using the technological skills they have learnt.' 'In fact, changemaking and problem solving are interchangeable, in a way.'
Dhoni endorses 42 brands to Bachchan's 41 and SRK's 34.
A shortlist using artificial intelligence would be prepared to identify eligible candidates and match them to the suitable internship opportunity. The shortlist would be shared with the companies on Tuesday, October 15.
With Janata Dal-Secular state president H D Kumaraswamy repeatedly attacking him and his son Yathindra, a former Congress MLA, accusing them of a 'cash for transfer' racket, Karnataka Chief Minister Siddaramaiah on Sunday said he will retire from politics, if proved that he has taken money, even in a single transfer case of government officials.
Coca Cola will set up a trust fund of $10 mn for CSR activities. It was recently awarded the Golden Peacock Global Award for Corporate Social Responsibility - 2008.
'I have funded myself for tournaments until Nov last year, after which I was sent with the Indian team for tournaments as I met the selection criteria to make the team. I was included as part of TOPS scheme only after qualifying for the Paris 2024 Games till the Olympic Games, that's it.'
Siddaramaiah even said that he would retire from politics if even one instance is presented with proof that he had made money by transferring officials.
'We have essentially tried to set out an agenda for the next five years and it, in essence, represents the political commitment to that agenda.'
India won 19 medals (5 gold, 8 silver and 6 bronze) in Tokyo Paralympics for a 24th place in the tally and Jhajharia predicted that the country will win more than 25 medals in Paris and finish in top-20 in the tally.
'His contribution not only elevates our institution but also serves as an inspiring example of how our alumni community continues to drive meaningful change.'
To me he always symbolised the sincere, confident, face of a Bharat whose rise is unstoppable. Ratan Tata was a Rishi who was unquestioningly trusted by people who never saw him and never met him, asserts Tarun Vijay, the former BJP MP.
Modi asserted in a post on X that her presence in the Upper House is a powerful testament to 'Nari Shakti' (women power), exemplifying the strength and potential of women in shaping the nation's destiny.
In an effort to attract investors to the Social Stock Exchange (SSE), the bourses have reached out to the Securities and Exchange Board of India (Sebi) and the government with the industry's demand for additional benefits on contributions made towards social enterprises through the platform. SSE is a regulated platform to facilitate organisations working towards social causes to raise funds and have access to higher capital through the bourses. The platform is aimed at becoming a meeting ground for donors and social enterprises.
Bangladesh Cricket Board (BCB) on Wednesday confirmed that ODI skipper Shakib Al Hasan has been diagnosed with a retinal condition in his left eye.
'You will see him frequently asking customers -- especially retail -- about service experience, pain points, areas of improvement and suggestions.'
Maruti Suzuki India, Mahindra & Mahindra, Hyundai Motor and luxury car maker Audi have extended support to customers in cyclone and flood affected regions of Tamil Nadu and Andhra Pradesh. In a statement, Maruti Suzuki India said it has collaborated with its dealer partners and made several arrangements at its workshops. As soon as the news about the cyclone 'Michaung' was reported, the company proactively sent out 7 lakh SMS alerts containing precautionary steps to its customers to ensure that even before the cyclone hits, customers could take precautionary measures to safeguard their cars against potential damage, it said in a statement.
'India has a skill shortage of 56%.' 'This is a very interesting paradox -- the unemployment rate is 6% to 7%, and at the same time 20% of those qualified are unemployed.'
A sudden surge in wealth because of stock market gains after the pandemic could be one of the factors behind the relatively lower share of philanthropy in total wealth.
