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 : SJVN bids farewell to Smt. Geeta Kapur, CMD and Director (Personnel)
News Must Read
- SJVN bids farewell to Smt. Geeta Kapur, CMD and Director (Personnel)
- Nilendu Kumar Singh assumes charge of CMD, CCL
- IndianOil Q4 Results: Profit plunges 52% YoY to Rs 4,838 crore
- REC Limited declares financial results, records highest ever annual net profit
- NHPC Limited to collaborate with Norwegian company
- NTPC Group installed capacity crosses 76GW solar power mark
- RITES completes glorious 50 years
- THDC and UJVNL Joint Venture, TUECO inks MoU with Nagar Nigam Haridwar
- Government Accords 'Navratna' Status to IREDA
- EIL and Mongol Refinery resumed external construction activities at Mongol Refinery Project site