corporate-social-responsibility

Govt to create database of projects that need CSR funds

  • by Psu Connect
  • Date:

New Delhi. The Government is trying to create a database of projects that require funding, which can be tapped into by companies as part of their corporate social responsibility (CSR) initiative, Corporate Affairs Minister Sachin Pilot said. Participating in the Google+ Hangout, an online video interaction, Pilot said district collectors and medical officers will be roped in and data on all such projects across the country would be made available on the Government Web site. 

Stating that CSR was not a new phenomenon, Pilot said the concept had been practiced by corporations in the country over past several decades. 

The Government’s intention is not to make CSR mandatory, but it will prescribe a set of guidelines, he said, while assuring companies that there would be no Inspector Raj in implementing the projects .BUSINESS LINE

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