How We Did It
Fortune India and CIEL HR identify the ‘Future-ready Workplaces’ in India Inc. for 2024.
Fortune India and CIEL HR identify the ‘Future-ready Workplaces’ in India Inc. for 2024.
India Inc.’s CSR spending has grown 13% in last five years but it is yet to make the desired impact.
An entrepreneurial mindset, with a will to improve lives, can bring the might of even machine learning and improved diagnostics to everyday medicine.
Philanthropy funds nurture innovative ideas for social good; CSR funds help roll out projects, and impact investments help ventures scale up for a change in society.
The top three development sectors receiving the CSR funds are education, healthcare, and rural development.
Some companies may divert or siphon off CSR funds for non-CSR purposes such as personal expenses, political donations, bribes, or illegal activities, says India CSR founder Rusen Kumar
Despite growth in their net wealth, ultra-high-net-worth individuals (UHNI) and high net worth individuals (HNIs) contributed less towards philanthropy.
The industry body has urged the central government to raise the CSR levy by an additional 1% for a period of 12 months to provide Covid-19 booster vaccines to the community.
Spending CSR funds on unknown purposes, building statues, temples or donating to unaccountable PM CARES Fund defeats its purpose of social responsibility
A total of 1,132 NSE-listed companies spent ₹11,961 crore in FY19, an increase of 1.82 times over FY15, according to nseinfobase.com.