CSR
Benefits to staff families not Corporate Social Responsibility work Union Ministry of Corporate Affairs
BHUBANESWAR: Benefits provided by a company or corporate house for employees or their families can not be considered Corporate Social Responsibility (CSR), opined Director (East and North East) of Union Ministry of Corporate Affairs Alok Samantrai. Inaugurating the CSR conclave of
Indian Chamber of Commerce (ICC), Odisha chapter here on Friday, Samantrai said marathon running competitions, award ceremonies, donations to political parties, advertisements and sponsorship for TV programme cannot be treated as CSR work. “Only those works undertaken on project mode can be considered CSR activities.A corporate house should appoint the organisations which have good track records on CSR work,” he said.Director-Personnel of OMC SK Rath discussed different types of CSR practices followed in different parts of the world.
News Must Read
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area
- SCOPE organizes Public Sector Day celebrations
- IOCL Final Dividend Announcement Expected at April 30 Board Meeting
- Steel Cutting Ceremony of Indian Navy held at HSL Vishakapatnam
- DIPAM declines PFC-REC debt resolution proposal for KSK Mahanadi project