CSR
Corporates can offer mobile connectivity to 50,000 villages through CSR’
MUMBAI, . The corporate sector through its corporate social responsibility (CSR) arm has the ability to provide mobile connectivity to 50,000 villages, says a report by the Federation of Indian Chambers of Commerce and Industry (FICCI) and consulting firm Accenture.
As per the Companies Act, 2013, most businesses are required to allocate 2 per cent of their profit for CSR activities. According to estimates around 16,000 companies would spend about Rs.20,000 crore towards CSR activities in 2014-15.
“This (amount) equals to the Central Government’s total allocation to provide mobile connectivity to 50,000 villages, which wireless telephony has yet to touch. CSR budgets that stand to be unlocked this year tantamount to 80 per cent of the budgetary allocation towards fertilizer subsidy bill for 2014-15. The Hindu
Read Also : Moody's Ratings assigns Baa3 rating to NHPC, outlook stable
News Must Read
- 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
- NTPC Green Energy Limited Inks MoU with Indus Towers Limited
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024