Effective CSR spending needs a mindset change in top management: Praful Patel

Effective CSR spending needs a mindset change in top management: Praful Patel

MUMBAI. Spending on CSR activities by central undertakings was mandatory since 2010. The passage of Companies Bill is expected to give further boost for public and private companies for effective spending on CSR. In an interview with Business Standard.

Union Minister for Heavy Industries & Public Enterprises Praful Patel speaks at length on the issue. 

it has been a satisfying experience to see that CSR funds were generally well channelized for addressing social, economic and environmental concerns. However, with the passage of the Companies Bill, the budgetary allocations for CSR activities would have to be revised in consonance with the provisions of the new Companies Act. Business Standard.

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