CSR expenditure during 2014-2015- (Ministry of Corporate Affairs) (03 May 2016)

MANU/PIBU/0413/2016

Company

The Minister of Corporate Affairs released figures on expenditure towards Corporate Social Responsibility activities between 2014 and 2015. A grand total of Rs. 6337 crores was spent by public and private sector companies towards CSR, falling some way short of a mandated Rs. 8347 crores.

In September 2015, a Committee set up by the Ministry to suggest monitoring measures towards the same had recommended variously that government should not have a role in engaging external experts to monitor quality and efficacy of CSR expenditure by companies. It also suggested reviewing CSR provisions of the Companies Act every three years, and recommended that CSR activities must be for the larger public food and activity that serves public purpose.

Tags : CORPORATE SOCIAL RESPONSIBILITY EXPENDITURE PUBLIC GOOD