Sitharaman favours social audit of CSR activities

Seeks help of social networks to complement government role

jasleen

Jasleen Kaur | October 8, 2014


Nirmala Sitharaman, minister of state for commerce and industry, finance and corporate affairs
Nirmala Sitharaman, minister of state for commerce and industry, finance and corporate affairs

Social audit will be an important tool to ensure the effective implementation of corporate social responsibility (CSR), Nirmala Sitharaman, minister of state for commerce and industry, finance and corporate affairs, said on Wednesday.

Addressing a national seminar on CSR called ‘Shreshth Bharat’ organised by Indian Social Responsibility Network (ISRN) in Delhi, she said, the government can only go a certain distance to verify how and on what the corporate houses are spending. She added that social networks can play an important role in social audits of CSR implementation.

She said, “The ministries can go back to companies to see if they have spent and how they have spent on CSR. We cannot question corporate houses … [we cannot say] if they haven’t spent then give us the money (reserve for CSR spending). Social audit will ensure that funds are properly utilised.”

Sitharaman said the legislative mandatory framework for CSR has just come but, in any case, Indian public institutions have had a long tradition of taking up CSR as part of their agenda. She said the Act came into force on April 1, 2014, and this is the right time to talk about it and to reach out to the corporate sector.

Lalitha Kumarmangalam, chairperson, national commission for women and also of ISRN, said this network will be a bridge between the corporate sector and the NGOs so that the two can meet in a sustainable manner.

Emphasising the need to focus on making India open defecation free through CSR, she said it is not just about building toilets but social awareness also needs to be raised to ensure that people use toilets. She also said it is important to take gender on board and to ensure that usable toilets for women are built along national highways, railways and other public places. 

Sitharaman also launched a book on ‘A guide to corporate social responsibility - beyond funding’ on the occasion.

[Governance Now is a media partner for the event.]

Comments

 

Other News

Food security: Solution lies in traditional food

After spending almost a month among tribals of Mandla in Madhya Pradesh, I can confidently say that by restricting ourselves to Public Distribution System (PDS), we cannot solve the food security issues of the country.   The problem is graver. In a district like Mandla, where aboriginals like Bai

Wholesale price index inflation down

The annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at 2.60% (provisional) for the month of September, 2017 (over September,2016) as compared to 3.24% (provisional) for the previous month and 1.36% during the corresponding month of the previous year, authorities said.

Digital India to provide 20-30% increase in India’s GDP by 2025: Alphons

Digital India program has the potential to provide an incremental 20-30 percent increase in India’s GDP by 2025. Since its launch in July 2015, significant progress has been made in several initiatives under Digital India, said union minister KJ Alphons. Several of the flagship project

Senior railway officer Achal Khare on the bullet train roadmap

Achal Khare, MD, National High Speed Rail Corporation, is a man with big responsibility – of realising India’s dream of running a bullet train. In conversation with Vishwas Dass, Khare lists various challenges before the NHSRCL – the executing agency of the Ahmedabad-Mumbai high speed

Why bullet trains are unsuitable for India

Many will be surprised to know that 80 years ago, trains ran at a faster speed in North America and Western Europe than in India today. On the shorter distances (up to 500 km), daytime inter-city trains achieved average speed of 120 to 130 kmph, and on the longer routes (more than 1,000 km) speed was only

Biting the bullet train

If all goes well, India’s first high-speed train would zip by in  December 2023. In fact, railways minister Piyush Goyal is even confident that the 508-km Ahmedabad-Mumbai high-speed rail (HSR) project would be completed much before that, by August 2022 – on the country’s 75th indepe



Video

Finally Talwar’s out from Dasna  jail

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter