Sinha favours participatory and transparent activities for result-oriented CSR

He was addressing a training programme on ‘Strategies for result-oriented CSR’

jasleen

Jasleen Kaur | December 18, 2014



The participatory corporate social responsibility (CSR) activities with a collaborative effort by the beneficiaries and ensuring transparency by publishing annual score cards can help corporate houses in achieving result-oriented CSR, Jayant Sinha, minister of state for finance, said on Thursday.

Addressing training programme on ‘Strategies for result-oriented CSR’, organised by Indian Social Responsibility Network (ISRN) and PHD Chamber of Commerce and Industry in Delhi, he talked about the challenges being faced by the government and how corporate houses have an important role to play in overcoming them.

“The biggest challenge is job creation in formal sector every year. But it is not the government that creates job but the corporate houses. Corporate houses have to be drivers in economic activity and they have to take the lead. Here CSR is an important (tool) and it will prove to be an extraordinary aspect of the growth,” the minister said.

He also said the corporate houses are profit making entities but they have to be part of the society at large.

He also talked about the global climate change and maintaining ecological balance and rebuilding economic institutions as other challenges faced by the government.

The training programme was organised to educate CSR heads and senior managers of different corporate houses and PSUs to provide advanced knowledge and learning for a comprehensive approach to create effective strategies and to conceptualise the importance of social audit in CSR activities and system for effective implementation of monitoring and evaluation strategies.

Others present included Vinay Sahasrabuddhe, in-charge of BJP's national good governance cell and Lalitha Kumaramangalam, chairperson, national commission for women and also of ISRN.

The training programme was attended by CSR professionals from MMTC, Rural Electrification Corporation, NTPC, Oil India, and Escorts among others.

Comments

 

Other News

15th Finance Commission to be set up

The union cabinet chaired by prime minister Narendra Modi has approved the setting up of the 15th Finance Commission. Setting up the Finance Commission is a Constitutional obligation. Article 280(1) of the Constitution lays down that a Finance Commission (FC) should be constituted "...w

Indian corporates to see improved credit profiles in 2018: Moody`s

Indian corporates will see improved credit profiles in 2018 on solid economic and EBITDA growth, while their cross-border bond maturities for the next three years are manageable, says Moody`s Investors Service. The latest rating comes close on the heels of Moody’s upgrading the country

Aadhaar-property linkage will tackle black money, cool prices

The government’s plan to seed Aadhaar with properties will not only help in flushing out black money that is parked in real estate, but also bring down prices that have gone through the roof. Black money in properties is an open secret, hardly something that will raise eyebrows. 

Brahmos missile successfully flight tested

 Brahmos, the world’s fastest supersonic cruise missile, was successfully flight tested from a Sukhoi-30MKI fighter aircraft against a sea based target in the Bay of Bengal.  The missile was gravity dropped from the Sukhoi’s fuselage and the two stage missile’s engine

REC, PVUNL sign pact to build thermal plant in Jharkhand

 REC and Patratu Vidyut Utpadan Nigam Limited (PVUNL) have inked an agreement to set up 3x800 MW Patratu super thermal power project in Jharkhand.  The project cost of Rs 18,668 crore is funded in debt and equity ratio of 75:25.  The entire debt component of project of Rs 14,000 cr

Moving people, not cars: The future of mobility and urban life

The recent tragedy at the Elphinstone Road suburban railway overpass in Mumbai is a symptom of a larger and deep-rooted malaise that can directly be traced back to the way we see our city as segments and our extraordinarily transactional relationship with it. The way we see our city is so tightly tautologi



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter