Corporate Social Responsibility (CSR) Subject – Governance Context –The Ministry of Corporate Affairs has clarified that excess Corporate Social Responsibility (CSR) expenditure prior to FY21 cannot be set off against future CSR expenditure requirements and that corporate donations to government schemes cannot be counted as CSR. Concept – Companies with a minimum net […]

    Corporate Social Responsibility (CSR) Subject – Governance Context – Businesses need not restrict their Corporate Social Responsibility (CSR) expenditure to local projects and must balance local area preferences specified in the law with ‘national priorities’, the Corporate Affairs Ministry said. Concept – The term “Corporate Social Responsibility” in general can be referred to […]

Subject: Schemes Context: Indian government is temporarily allowing investment towards efforts to find effective medicines and vaccines against Covid-19 to be considered as fulfilment of a company’s Corporate Social Responsibility (CSR) obligations. Concept: Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. India […]