Relief material can count as part of companies 2 per cent CSR spend
A number of power, cement, food processing, agricultural and pharmaceutical companies have operations in the hill states that are regularly hit by floods.
View ArticleGovt makes changes to CSR spending norms under the new companies law
The government has made changes to the norms governing expenses on Corporate Social Responsibility (CSR) activities under the new companies law.
View ArticlePM Modi-led govt plans to penalise CSR defaulters under Companies Act 2013
At present, non-compliance of CSR rule isn't penalized by the Companies Law, and those unable to spend can get away with some justification.
View ArticleLaw provides well drafted structure for CSR: Nirmala Sitharaman
In a first of its kind, certain class of companies are required to shell out at least 2 % of their three-year annual average net profit towards CSR.
View ArticleMoney spent on Swachh Bharat, Clean Ganga comes under CSR ambit
Making amendments to the Companies Act, the Corporate Affairs Ministry has said that contributions to 'Swachh Bharat Kosh' and 'Clean Ganga Fund' would come under CSR framework.
View ArticleNo specific tax exemption for companies' CSR expenses: Govt
The new cos law, requires certain class of profitable corporates to shell out at least 2 per cent of their three-year annual average net profit towards CSR works.
View ArticleSuresh Prabhu seeks investment under CSR for improving passenger amenities
Railway Minister Suresh Prabhu today sought investment from business houses under Corporate Social Responsibility (CSR) to improve the passenger amenities being provided by the national transporter.
View ArticleCompanies Act amendment allows use of CSR funds in startups
An amendment made in the Companies Act allowing CSR contributions to incubators, is providing legs to for-profit ventures working with social objectives.
View ArticlePanel on corporate social responsibility assessment to submit report next month
Officials said the panel is likely to recommend setting up of a CSR data analysis platform that will take into consideration details such as funds utilised.
View ArticleEconomic Times CSR Compendium: Ministers urge India Inc to help NGO efforts
Suresh Prabhu said that if the management of India Inc and commitment of social activists were pooled, it could truly transform the social sector of the country.
View ArticleGovernment appointed CSR panel gets more time to submit report
The Corporate Affairs Ministry said the "committee has been granted extension of another one month with the approval of the Union Minister".
View ArticleCSR spends: Government expects data collation by year-end
Central govt expects to collate the data on corporates' CSR spending activities under the new companies law by end of this year.
View ArticleHigh level panel suggests uniform tax treatment for CSR works
A high level committee has recommended leniency for companies not complying with Corporate Social Responsibility provisions of Companies Act 2013.
View ArticleCompanies Act amendments likely for clarity on CSR norms
A government-appointed high level panel recently submitted recommendations on CSR norms to the Corporate Affairs Ministry, which is implementing the Act.
View ArticlePM Narendra Modi to have dinner meeting with Council of Ministers tomorrow
Modi has invited members of his entire Council of Ministers for a dinner meeting tomorrow, an occasion he could utilise to review the work done by various ministries and departments.
View ArticleGovernment plans to sell its books directly via Amazon, Flipkart
The process is likely to start with the annual ‘India’ compendium followed by another 150 books. It also plans to start selling digital versions at a 25% discount.
View ArticleChhattisgarh govt disburses Rs 924 cr interest free loan to 3.5 lakh farmers
The distribution of short-term agriculture loans for Kharif season was started from this April 1, while the target is to disburse nearly Rs 2,800 crore.
View ArticleMake in India: Incentive package for leather sector on the anvil
The incentives will be broadly on the lines of recently announced package for the textiles sector. Leather is a focus area under the 'Make in India' initiative.
View ArticleIndustry chambers meet Hasmukh Adhia to discuss model GST law
The chamber suggested that provisions which may lead to unwarranted disputes in future may be given a re-look before finalising the law.
View ArticleUnfair to call Trai biased for simply floating consultation paper: Manoj Sinha
Sinha clarified that the Department of Telecommunications hadn’t washed its hands off the dispute over interconnect points by directing the telcos to approach the regulator.
View ArticleGovernment welcomes RBI's 25 bp repo rate cut
Das wrote on the microblogging site that the rate cut will “contribute to growth” and that it will “facilitate the move towards a low cost economy”.
View ArticleBRICS makes a case for strong quota-based and resourced International...
"We reaffirm our commitment to a strong, quota based and adequately resourced IMF. Borrowed resources by the IMF should be on a temporary basis," stated Goa Declaration on 8th BRICS Summit
View ArticleFresh plan to let PSBs take bigger haircut on bad loans
Bad loans of state-run banks grew more than Rs 1 lakh crore in the first nine months of this financial year to Rs 6 lakh crore by December 31, 2016.
View ArticleGovernment mulls FDI norms easing in print media, construction, retail
Currently, foreign investment is allowed in areas such as printing of newspapers and publishing of scientific magazines with certain conditions and FDI caps.
View ArticleGST to make India a simpler, more revenue generating economy: Amitabh Kant
"GST will make India a formal, easier & simpler, a more revenue generating economy & 1 tax, 1 country economy. Will give a push 2 #MakeinIndia," Kant said in tweet.
View ArticlePandemic derails construction under Pradhan Mantri Awas Yojana
“Against the target of 2.02 crore houses allocated under the scheme till the financial year 2020-21, 1.50 crore houses or 75% have been completed so far,” minister of state for rural development Sadhvi...
View ArticleBiden admin, US companies welcomed economic reforms by India: Finance...
The discussions touched on key areas of economic recovery from the pandemic to macro economic outlook; cooperation on global economic matters; climate finance support to infrastructure funding and...
View ArticleFTAs with nations to help provide more mkt access to Indian goods: Commerce...
Commerce and Industry Piyush Goyal said that talks for such pacts are going on with Australia, UAE, GCC (Gulf Cooperation Council), European Union, Israel and the UK. Member countries of GCC are...
View ArticleFM Nirmala Sitharaman: Centre doubles November tax devolution amount for states
As many as 15 chief ministers, J&K LG and Deputy chief ministers of three states participated in the meeting. Rest of the states were represented by finance ministers. This meeting was essentially...
View ArticleRecent reforms will lay foundation of higher growth: Chief Economic Advisor...
Rakesh Mohan, member (part-time), Economic Advisory Council to the Prime Minister of India, while articulating that the Indian economy needs a reboot stated that there is a need for a third-generation...
View ArticleCrypto industry urges govt to take nuanced approach, asks investors to remain...
Currently, there is no regulation or any ban on the use of cryptocurrencies in the country. Against this backdrop, Prime Minister Narendra Modi earlier this month held a meeting on the cryptocurrencies...
View ArticleSanskrit should be made official language: senior BJP leader Subramanian Swamy
He said Hindi, Urdu, Marathi and Nepali languages use the Devanagari script as all these languages originated from Sanskrit. All literature relating to Yoga is also in Sanskrit. Swamy said the growth...
View ArticleSharing of powers of direct taxation and indirect taxation is unfair: Tamil...
Speaking at the 46th meeting of the GST Council held in the national capital under the chairmanship of Union Finance Minister Nirmala Sitharaman, Thiagarajan said the hike on the fabrics including...
View ArticleSP chief Akhilesh Yadav slams BJP over LPG price hike, terms it 'gift of...
While LPG rates were last revised on October 6, 2021, petrol and diesel prices had been on a freeze since November 4 as five states including Uttar Pradesh and Punjab went to polls. LPG prices had gone...
View ArticleTravel in bus once a week, submit feedback: Delhi govt to Group A, B officers...
One of the 150 new electric buses, inducted in DTC's fleet on Tuesday, broke down owing to increase in the vehicle's temperature beyond the specified limit, hours after being flagged off from the...
View ArticleFinance Ministry issues draft SoP for e-commerce jewellery exports through...
The Central Board of Indirect Taxes and Customs (CBIC) has invited feedback and suggestions from stakeholders by June 14 on the Standard Operating Procedure (SoP) for implementation of a simplified...
View ArticleIndian businesses need to stop looking for China fix: S Jaishankar
Indian External Affairs Minister S Jaishankar has called on Indian businesses to stop seeking a China solution while highlighting the strategic importance of the Make in India programme in boosting the...
View ArticleWorld Earth Day 2024: Date, significance, and why Planet vs Plastics is theme...
Earth Day promotes environmental protection and sustainability. EARTHDAY.ORG advocates for a 60% reduction in plastic production by 2040 and global efforts to end single-use plastic production by 2030....
View ArticleAs Andhra Pradesh bakes in 46 degrees temperature, IMD extends heatwave...
Heatwave Alert: India faces a relentless heatwave with temperatures exceeding 45 degrees in many places in Andhra Pradesh. India Meteorological Department warns of severe conditions in various regions...
View ArticleAmid 45 degrees temperature and heatstroke deaths, IMD's warning for Andhra,...
Heatwave conditions affect Odisha, Gangetic West Bengal, Kerala, and Karnataka. Tamil Nadu, Puducherry, and Karaikal also experienced hot weather. High temperatures recorded in various regions,...
View ArticlePuri Rath Yatra 2024: 53 years later, a unique twist to celebrations this...
For the first time in 53 years, the Rath Yatra will extend over two days due to specific celestial alignments, last occurring in 1971. Uniquely, this year's rituals involving Lord Jagannath, Devi...
View ArticleWhat is Maharashtra govt's Ladka Bhau scheme? Who is eligible for stipend of...
Maharashtra launches 'Ladka Bhau' Yojana to provide job training and stipends for young men. Scheme targets class 12 graduates, diploma holders and graduate degrees and aims to benefit both candidates...
View ArticleResolution on India-Bhutan Joint River Commission moved in West Bengal assembly
West Bengal assembly debated a resolution on forming an India-Bhutan Joint River Commission to prevent North Bengal floods. The resolution faced opposition from BJP members, who argued it's an...
View ArticleAmid fresh fighting, 1,500 more from Myanmar take refuge in Mizoram
Intensified conflict in Myanmar led to another wave of 1,500 refugees seeking shelter in Mizoram last week, bringing the total to over 35,120. The new arrivals come from fierce battles involving the...
View ArticleDIPAM asks its officers not to trade in shares of state-owned cos
DIPAM has instructed its officials to avoid trading shares of state-owned enterprises to prevent misuse of market-sensitive information. Officials must declare holdings and seek approval for...
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