Trading CSR credits: Market for good karma?

Amita Pal of National Foundation of India speaks

GN Bureau | April 5, 2010



‘Currently, CSR funding is unequal to the task’

"I don’t think you can force a business to buy CSR credits. It’s not clear to me how funds generated by a CSR credit market will find their way to back to social causes. They should ideally go to the government and should be well spent.

Our experience is that there are numerous causes to work on and not enough funds flowing from companies.

There are companies that have say Rs 10 crore earmarked for CSR, but they can’t even spare Rs 1 lakh for us. They will say ‘we have our own set-up.’ We will be fully accountable for Rs 1 lakh or any other amount.

Many companies brand all NGOs as fraudsters, which is another blow to the effort to generate funds.

I have recently been to a village where lungs of the residents are getting damaged due to mining activities. What compensation can you give such people?

We work to set up schools in North-eastern states. There state governments are prescribing minimum standards for schools. In some cases, they are ordering that schools be shut down for not meeting the standards.

My point is the state governments won’t do anything to expand access to schools and at the same time find faults with the efforts of an NGO to set up schools."

Amita Pal is a consultant at the National Foundation of India.

Comments

 

Other News

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future.   At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter