CSR
Central Public Sector spent 3442 cr on CSR activities in FY 18
New Delhi: 146 Central Public Sector Enterprises (CPSEs) spent 3442.42 crore on their Corporate Social Responsibility (CSR) activities during the financial year 2017-18 (Apr-Mar), Union Minister for Heavy Industries and Public Enterprises Arvind Ganpat Sawant told the Lok Sabha on Tuesday (2 Jul).
The expenditure made by the CPSEs during 2014-15, 2015-16 and 2016-17 was Rs 2450.31 crore, 4028.04 crore and Rs 3336.50 crore, respectively, the minister informed.
Sawant was responding to questions raised in the lower house of the parliament by Dharambir Singh, Member of parliament (MP) from Bhiwani-Mahendragarh, Haryana.
Data for the year 2018-19 would be available after publication of Public Enterprises Survey 2018-19, the minister said. The Companies Act 2013 prescribes 17 areas of CSR activity in Schedule VII of the act. Section 135 of the Act lays down rules for CSR activity in India. The companies are required to spend at least 2% of the amount of the net profit for the last 3 financial years.
Read Also : World Energy Congress 2024: CMD, IREDA Proposes Innovative Financing Solutions for New and Emerging RE Technologies
News Must Read
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24
- RuPay Unveils Link it, Forget it Campaign at IPL 2024 to Promote RuPay Credit Card on UPI