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Law 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.
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Money 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.
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No 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.
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Suresh 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.
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Companies 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.
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Panel 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.
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Economic 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.
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Government 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".
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CSR 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.
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High 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.
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Companies 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.
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PM 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.
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Government 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.
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Chhattisgarh 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.
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Make 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.
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Industry 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.
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Unfair 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.
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Government 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”.
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BRICS 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
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Fresh 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.
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