GN Bureau | September 7, 2015
Do not to think of corporate social responsibility (CSR) as a charity or philanthropy towards the society but as responsibility towards community, R Balasubramaniam, founder of Swami Vivekananda Youth Movement has told real estate developers.
He was speaking on CSR activities in Belagavi, Karnataka, participating in the 'STATECON-2015', a two days state level annual convention of Confederation of Real Estate Developers Association of India (CREDAI).
Balasubramaniam said in India, 54% children are suffering by malnutrition, 70% families don't have toilets, 65% people not getting potable drinking water, thousands of villages are yet to get school facility. This is due to the fact that 85% wealth of the country is generated and controlled by just 20% of people. There is huge gap that need to be bridged not by pulling down the rich but pushing up the poor, he said.
Meanwhile, he took jibe on increasing number of CSR consultancy firms to help corporate companies to figure it out the issues regarding CSR. He said there is no need of consultancy to deal CSR issue but need the good heart and feeling towards downtrodden communities.
Balasubramaniam called upon developers' community to think out of box to help poor in rural areas utilizing CSR. He felt that most of the companies want to spend CSR funds in Bengaluru and using it as a medium of publicity.
A top Reserve Bank of India official had waved the red flag, a year back, regarding the SWIFT messaging system. SWIFT was used in a fraud amounting to Rs 11,000 crore at a Punjab National Bank branch that benefited billionaire diamond jeweler Nirav Modi. Former RBI deputy gover
Delhi chief secretary Anshu Prakash’s claim that he was manhandled by Aam Aadmi Party (AAP) lawmakers in the presence of Delhi chief minister Arvind Kejriwal has kicked up a storm. Here is what transpired on Monday night and the events that unfolded through Tuesday.
Is banks` messaging system SWIFT secure enough?
Diagnosing what ails India’s governance, Bihar chief minister Nitish Kumar used to name three units or offices that are so corrupted that they are beyond redemption: village patwaris, police station darogas and Railways ticket collectors. In his stint as executive head of Bihar, he seems to have incl
Could RTI have saved banks from scams?
The Right to Information (RTI), used efficiently, could have helped activists and bankers expose irregularities much before they snowballed into full-fledged scams – the one at Punjab National Bank (PNB) being only the latest example. That is the argument coming from Shailesh Gandhi, f