PAC worried over CSR fund spending

BHUBANESWAR: Members of the Assembly Public Accounts Committee (PAC) on Friday expressed concern over the drop in the use of Corporate Social Responsibility (CSR) funds by companies operating in Odisha even though there has been a huge surge in production. The PAC has asked the State Government to place a status paper over the issue in next meeting.

 

Presiding over a meeting of the PAC, its Chairman and Leader of the Opposition in the Assembly Pradipta Kumar Naik expressed disappointment over the decrease in the flow of CSR funds for utilisation in Odisha. Naik said despite companies making huge profits, they spend a negligible amount in social development in nearby places of their operation. “The fund is being used as per the whims and fancies of the companies as they do not mention their profit,” he said.