India Inc. spent Rs. 28k cr on CSR over 3 years

India Inc. spent Rs. 28k cr on CSR over 3 years

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India-Inc

Companies have spent more than Rs. 28000 crore towards social welfare activities in nearly three years of corporate social responsibility (CSR) norms coming into force, latest official data showed. The requirements for certain class of profitable entities to spend a certain amount on CSR works came into effect from April 1, 2014 as part of the new Companies Act. An analysis of data compiled by the corporate affairs ministry showed that a total amount of Rs. 28,112 crore has been spent on CSR activities by eligible companies during the period from April; 1, 2014 to November 30, 2017. In the current fiscal till November 30, a total of Rs 4,719 crore was spent while the total money shelled out towards CSR works touched a high of Rs. 13,828 crore in 2015-16.

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CSR VISION
CSR VISION is India’s ( probably world’s ) first monthly magazine in print devoted to CSR and Sustainable Development for bringing together all stakeholders of SUSTAINABLE DEVELOPMENT at a global and local levels and act as a platform for promoting strategic CSR and sustainable development practices through dissemination of information and knowledge.