CSR
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.
Read Also : REC Limited to extend term loan of Rs 1,869 cr for Kiru Hydro Electric Project in Kishtwar, J&K
News Must Read
- 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
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation