Rs 10,806.92 crore spent by CPSEs for CSR projects in three years -Governance Now

Rs 10,806.92 crore spent by CPSEs for CSR projects in three years

All CPSEs are mandated to implement CSR projects listed in the Companies Act, 2013 in pursuance of their CSR policy as notified by ministry of corporate affairs in Companies (CSR Policy) Rules, 2014

GN Bureau | December 21, 2018

#CPSE #CSR #ministry of corporate affairs

The centre has said 384 CPSEs have spent Rs 10,806.92 crore for carrying out corporate social responsibility activities and projects between 2015-16 and 2017-18 FY.

According to data, 106 CPSEs incurred an expenditure of Rs 4028.04 crore in 2015-16, 126 PSUs Rs 3336.50 crore in 2016-17 and 152 enterprises Rs 3442.38 crore in 2017-18 for CSR activities.

As per CSR provisions of the Companies Act, 2013, CSR activities are taken up by the PSUs on the recommendations of CSR Committee constituted with the approval of boards of respective CPSEs. All CPSEs are mandated to implement such activities and projects out of the activities listed in the Companies Act, 2013 in pursuance of their CSR policy as notified by ministry of corporate affairs in companies (CSR Policy) rules, 2014.

Department of public enterprises (DPE) is the nodal department for CPSEs but it does not have any CPSE under its direct administrative control.

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