New CSR guidelines for PSUs to be released this week: Govt
NEW DELHI. Government will release a new set of guidelines for public sector undertakings this week on corporate social responsibility (CSR) activities.
This was stated by Joint Secretary in the Department of Public Enterprises Shri A K Pavadia at a Ficci conference here. Pavadia said that the government is providing an overarching framework in which corporate social responsibility (CSR) is embedded.
He asked businesses not to restrict their social and community spending to 2 per cent as mentioned in the Companies Act, the compulsory CSR spending, and should expand and go beyond it to achieve a sustainable business model. He added that now the PSUs will have to report the sustainability initiatives undertaken by them.
The conference brought together Indian and international Life Cycle Assessment/Management (LCA/LCM) experts and interested stakeholders to promote Life Cycle Approaches in India.
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- 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