CSR cannot be forced down somebodys throat Piyush Goyal

NEW DELHI .Union Minister Piyush Goyal on Thursday said that CSR is not something that can be "forced down somebody's throat".

"I personally feel, 2% has become a budget and budget is a restraint and budget is not something which means that you are going to spend that," the Power, Coal and Renewable Energy Minister said.

He was speaking at a CSR Awards-cum-Summit organised by Assocham. "I genuinely believe that CSR is not something that you force down somebody's throat because the moment there is something which is made mandatory then it becomes ritualistic...," Goyal said. DNA

The minister also informed that he had opposed to making 2% corporate social responsibility (CSR) spending by private firms mandatory when it had come to the Parliamentary Standing Committee of Finance for review of the Company's Law amendment.

 

Rs 1,000-cr booster for R-Power after tribunal order

NEW DELHI. Dismissing an order against Reliance Power's Sasan Ultra project, the Appellate Tribunal of Electricity (APTEL) quashed a three-year-old contentious issue over the commercial operating date of the plant.

 

CERC also directed the Sasan to sell power at 70 paisa - instead of Rs 1.19 - per unit, which was the quoted tariff for the third year.