CSR Spending: A Status Report
CSR REPORT A total of `8,314.08 crore of CSR funds remained unspent during the 2014-15, 2015-16 and 2016-17 financial years while some of the leading business houses spent more amount than they are mandatorily required to do. Since the Companies Act was amended in 2013 paving the way for the emergence of the idea of […]
Towards a Nuclear Weapon Free World
The United Nations’ International Day against Nuclear Tests observed on August 29 every year brings public awareness and education about the effects of global nuclear weapon tests. The day aims to end nuclear testing and to promote peace and security. The history of nuclear testing is one of suffering, with the victims of more than […]
Recent CST Initiatives of NSIC
The Corporation always strives to integrate its business values and operations in an ethical manner to demonstrate its commitment to sustainable development of the various constituents of our society. The CSR commitment of NSIC positions its social and environmental consciousness as an integral part of its business plan and as a step towards this direction […]
IAF AWARDS 2019
The Indian Achievers’ Forum (IAF) organized the 48th India-International Business Summit 2019 at the India Habitat Centre in New Delhi on June 14, 2019. The focus of the event was on the development of Micro, Small and Medium Enterprises (MSMEs) in national and international sphere. On the occasion, presentations and panel discussions were held and […]
Capital market access Advantages for SMEs
OPPORTUNITY Small and Medium Enterprises (SMEs) are important factors in economic growth and transformation, creating positive value for the economy, contributing towards sustainable and balanced economic growth, employment and social stability. They are the silent drivers of economy. And yet despite their importance, SMEs in emerging markets frequently suffer from insufficient access to financing, preventing […]
SBI: The Pioneer in MSME Finance
State Bank of India is the pioneer and market leader in financing MSMEs, serving more than 14 lakh MSME borrowers in the largest core banking platform Micro, Small and Medium Enterprises (MSMEs) are vital for India’s economic ascension. The contribution of MSMEs to GDP, employment creation and export has been significant necessitating a slew of […]
Stringent laws on unspent CSR funds
NEWS The Lok Sabha on July 26 unanimously approved the Companies Amendment Bill 2019 which the government says, aims at bringing more accountability and better enforcement to strengthen the corporate governance norms and compliance management in corporate sector Companies that are not able to spend their Corporate Social Responsibility (CSR) fund will soon face the […]
CSR SPENDS BY CENTRAL PUBLIC SECTOR ENTERPRISES
CSR PSU A sum of `3,442.42 crore was spent by 146 Central Public Sector Enterprises (CPSEs) on Corporate Social Responsibility (CSR) activities during the financial year 2017- 18, informed Union Minister for Heavy Industries and Public Enterprises Arvind Ganpat Sawant in the Lok Sabha on July 2 this year. The expenditure made by the CPSEs […]
India gets its first Lokpal
PUBLIC DECISION More than five years after the enactment of the Lokpal Act 2013, the Government of India appointed eight members of its first anti-corruption ombudsman, the Lokpal, on March 22, 2019. The new Lokpal were administered the oath of office by President of India Ram Nath Kovind in New Delhi. Justice Pinaki Chandra Ghose […]
Mitigating Manual Scavenging
PUBLIC CAMPAIGN Bezwada Wilson is an activist and one of the founders and national convenors of the Safai Karmachari Andolan (SKA), a human rights organization that has been campaigning for the eradication of manual scavenging, which has been illegal activity in India since 1993. His role at SKA has been recognized by theAshoka Foundation which […]