Sweta Ranjan | April 15, 2015
After a year of two percent mandatory Corporate Social Responsibility (CSR) provisions, there have been a lot of speculations regarding non compliance issues.
The Indian Institute of Corporate Affairs (IICA), think tank under ministry of corporate affairs has a different story to share. In an exclusive interview Dr Bhaskar Chatterjee, DG, IICA, shares that it has sparked a sort of war amongst PSUs. He says, “It is a matter of great pride to see companies getting into a race to be the best.”
Swagata Sen Pillai, head, Corporate Communication Vertical, shares that PSUs are giving tough competitions to each other to stay ahead.
They all want to spend more than each other. There is a fight for even 0.5 percent. They are at least fighting to do better for the society and mainly because there is a criterion and rating also for CSR work to be titled as a Navratna or a Maharatna company. She says, “I will not say the PSUs have not performed. They are fighting with each other for that 0.5 or 0.25 percent that will bring them up to the level of a mini ratna or navratna.”
Dr. Chatterjee says, “We have made things aspirational and that’s the beauty of the whole provision. The spirit of the company uplifts the moral of your employees, of your shareholders, of your stakeholders. It builds your brand image and you as the CMD imagine your own conscience. How happy would you feel”.
The tax net needs to be expanded and the rich farmers must pay up their taxes. This week saw quite a bit of going back and forth over this prickly issue after Niti Aayog member Bibek Debroy batted for taxing agricultural income. Niti Aayog vice chairman A
A giant yellow inflatable schistosomiasis worm, with ‘Making Schistory’ printed on it, floated on Lake Geneva, marking the five years since the London Declaration on neglected tropical diseases (NTDs). Though in 2015 about 1.59 billion people received treatment for at least
In order to provide broadband connectivity of BharatNet to post offices in rural areas, Bharat Broadband Network Limited (BBNL), department of posts and Bharat Sanchar Nigam Limited (BSNL) have signed a tripartite agreement. The agreement is the first tri-partite MoU which
A giant yellow inflatable schistosomiasis worm, with ‘Making Schistory’ printed on it, floated on Lake Geneva, marking the five years since the London Declaration on neglected tropical diseases (NTD). Though in 2015 about 1.59 billion people received treatment for at least one of the 18 disease
Should agriculture income be taxed?
If it was needed at all, the supreme court has cleared the air. The Lokpal Act, it has ruled, is perfectly implementable even without the pending amendments. The interpretation from the apex court is welcome, but the government does not seem to be in any hurry to appoint the ombudsman in the first place.