The Ministry of Corporate Affairs' recent revisions to the corporate social responsibility guidelines, which makes CSR Impact Assessment mandatory, have significantly influenced the CSR landscape in India. With the new Corporate Social Responsibility Impact Assessment compliance now applicable,
SoulAce recently conducted a study on the CSR expenditure of leading 100 companies by their CSR expenditure for the year 2018-19. The study was undertaken to understand how the companies are spending their CSR budget and the emerging patterns since the CSR compliance law has been passed.
Today, many NGO workers like Shyamrao are providing relief materials to countless people at a huge personal risk to their life and health. Numerous business groups have come forward with generous contributions to help India’s poor in every state to help people cope through the lockdown period.
On May 20, 2020, Amphan Super Cyclone caused widespread damage in West Bengal specifically in the Sundarbans area. Winds at the speed of 160 to 170 kilometres per hour, tore through the region causing devastating damage to the life, property and eco-system. Sundarbans, a vast mangrove forest
With the passage of a new bill on people with disabilities in the winter session and the CSR rules already in place, companies will have more ways to deploy funds. The winter session of Parliament, which began on 16 November and ended on 16 December in 2016, failed to achieve
The Companies Act 2013 makes it mandatory for every company with a net worth of more than ₹500 crore (or a net profit of at least ₹5 crore or a turnover of at least ₹1,000 crore) to spend 2% of their average net profit of last three years on CSR activities.An analysis of annual reports