CSR Digest- February 2022
Companies plan to increase CSR funding towards skilling, education in 2022: Survey
TeamLease EdTech survey that covered over 100 companies across the country for a study, says that nearly 70 per cent expressed an intention to increase their CSR spends for education/skilling in the next fiscal
Budget 2022: Exempting CSR funds for education, healthcare from GST to boost inflows to non-profits
CSR rules have been tightened in recent years, companies and NGOs are forced to spend substantial time and manpower on mandatory paperwork. Policy changes to the GST Act, like exempting CSR funds used for education, healthcare, and the service of the underprivileged, will increase the flow of funds to the nonprofit sector.
Budget 2022-23: CII seeks additional 1% CSR for Covid-19 boosters
Confederation of Indian Industries (CII) has urged the government to encourage industry to deploy CSR funding for providing precautionary shots to the community. Further, industry is ready to contribute an additional 1 per cent under the CSR norms to the national vaccination mission, apart from the mandated 2%.
CSR spending not source of financing resource gaps in govt schemes: MCA
Corporate Social Responsibility spending under the companies law should not be interpreted as a source of financing the resource gaps in government schemes, the Ministry of Corporate Affairs has said as it issued a detailed set of FAQs for the effective implementation of CSR norms
IIT Madras actively pursues corporate tie-ups for tech-driven CSR
IIT Madras had organized a roundtable meet titled ‘Explore and Grow— CSR Partnerships’ in Mumbai, Working towards the goal of making tech-driven CSR activities.
How well Indian companies are meeting their CSR commitment
Contributions towards CSR plunged sharply by 64% to Rs 8,828 crore in 2020-21 from Rs 24,689 crore the year before, making it the lowest in seven years.Listed companies typically account for 60-70% of the total CSR spending.
