CSR
Top 75 companies spent Rs 4,000 crore on CSR in 2015
NEW DELHI: The country`s top 75 companies spent more than Rs 4,000 crore towards corporate social responsibility in the last fiscal, the first year after the government mandated bigger companies to give away a part of their profits for social work, early estimates of the government show.
Big CSR spenders include Reliance IndustriesBSE 0.52 % with Rs 760 crore, ONGC with Rs 495 crore and TCS with Rs 220 crore, according to company filings.
The government expects total spending in the first year to top Rs 9,000 crore and rise substantially in coming years, a senior government official said. The initial estimates of the government had pegged CSR spend at Rs 15,000 crore in a year.
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