You are here: Home >> English News & Features >> BUSINESS & ECONOMY

Firms face prosecution for skipping CSR spend

DNMUM416136 | 6/14/2018 | Author : Anjul Tomar | WC :559

Corp affairs min to send showcause notices to companies violating law

New Delhi: The government has changed its soft approach on its corporate social responsibility (CSR) law from ‘comply or explain’ to ‘comply or get prosecuted’ .
An executive order to this effect has been issued by the Ministry of Corporate Affairs (MCA) recently, sources said.
The corporate affairs ministry is soon going to send showcause notices to the companies, which have not spent 2% of their profits on social welfare activities.
“We are soon going to issue showcause notices to the companies which have not spent on CSR activities during the past three years (2015-18),” said a senior official in the ministry.
Until now, the government was acting only against those companies that failed to explain in their a
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on BUSINESS & ECONOMY

Rlys to focus on premium trains in revenue quest
DNMUM416727 | 6/22/2018 12:00:00 AM | Author : Sameer Dixit | WC :211

New Delhi: Indian Railways is working on a plan to increase revenue in the passenger segment, which will not involve raising fares. Railways has decided to shift its focus on premium trains and will concentrate only on four categories of trains – Tej
Add To LightboxCalculate Price

Six goals for sustainable development
DNMUM416728 | 6/22/2018 12:00:00 AM | Author : Nitya Rao and M S Swaminathan | WC :714

The beginning of this year marked the transition from the UN Millennium Development Goals (MDGs) to UN Sustainable Development Goals (SDGs).  There have to be transparent and reliable indicators to measure sustainability in its various dimensions. Th
Add To LightboxCalculate Price

Midsize Samurai
DNMUM416667 | 6/22/2018 12:00:00 AM | Author : Jay Patil | WC :931

Japanese major Toyota finally entered the mid-size sedan segment with the Yaris. Rivalling some of the most established cars in the segment, the Yaris has a tough challenge ahead with Maruti, Hyundai and Honda. On paper, the sedan seems t
Add To LightboxCalculate Price

Born in the USA
DNMUM416668 | 6/22/2018 12:00:00 AM | Author : Arun Nadar | WC :651

The Harley-Davidson Low Rider is among the iconic American brand’s most popular motorcycles ever since made it made its debut in the 1970s. Given its straightforward and uncluttered lines, the Low Rider was also preferred by custom motorc
Add To LightboxCalculate Price