Businesses cannot be successful when the society around them fails. This adage puts responsibilities on the business community to look after the well-being of the people around it. JRD Tata, the doyen of the Tata group, was more succinct when he said, "If you make lots of money, you must give it bac...
The term Corporate Social Responsibility (CSR) was coined by the Companies Act, 2013. As per Section 2(c) of the Act, CSR means and includes but is not limited to projects or programmes relating to activities in Schedule VII of the Companies Act, 2013, which include eradicating extreme hunger and po...
Corporate social responsibility (CSR) programmes have emerged as a major source of social elevation in India. The largest 500 Indian companies had the prescribed CSR fund of `12079 crore in the financial year 2018-19. This amount has increased to Rs 13405 crore in the 2019-20 fiscal. Additionally, t...
In 1888, a French newspaper published an obituary titled ‘The Merchant of Death is Dead’. It also stated, “Dr. Alfred Nobel, who became rich by finding ways to kill more people faster than ever before, died yesterday.” However, in reality, it was Ludvig, Alfred’s brother who had died. Neve...
In India, the automobile sector has been involved in extensive corporate social responsibility (CSR) activities. Considering that their vehicles and ancillary manufacturing units are impacting the general public, companies like Hyundai Motors and Tata Motors have set aside large resources for CSR ac...
India presently holds a positive demographic trend. Significant spending on public welfare can create better employment oppurtunities for the country’s young job seekers. Education is a key sector.Amartya Sen in his book ‘Readings in Human Development’ (2003) explained how enhanced healthcare ...
BE spoke to some key CSR funders and implementers to understand the diversity and extent of CSR programmes in India. Excerpts below — Funding MandatePublic SectorSteel Authority of India Ltd. (SAIL)SAIL is supporting many schools in various steel townships. Around 70,000 students in many governmen...
For any power utility to thrive and grow sustainably, seamless ties with its key stakeholder groups are critical.While in the distribution segment, excellent rapport with the local administration, law-enforcement agencies, and civil society organisations is vital, a generation plant displaces people...
Corporate Social Responsibility (CSR) is a concept and an effective tool to create a balance in society. However, it is not only corporate social responsibility but also corporate moral responsibility. The CSR mandate in India requires companies to approach their business in terms of sustainable dev...
Dear Readers,Holi: Bharatwasis across the world have celebrated Holi festival (colour sprinkling festival), an occasion of love, harmony and joy. This festival marks the killing of demon Hiranyakashipu who had cruelly become monarch of the three worlds. He started living in Devaloka. He declared him...