PSUs asked to contribute to Swachh Bharat pool

Advised to deposit money they could not spend on CSR activities

GN Bureau | August 5, 2016


#PSU   #Swachh Bharat   #CSR  

The government has turned to state-run companies to contribute to an account created to finance the prime minister's Swachh Bharat programme. The department of public enterprises (DPE) has sent out an advisory, asking central public sector undertakings (PSUs) to deposit the money that they could not spend on corporate social responsibility programmes in the last fiscal in the Swachh Bharat Kosh, according to a report by the Economic Times. 

According to the new Companies Act, a company with a net worth of Rs 100 crore or more has to set aside a minimum 2 percent of the three-year average annual net profit for CSR activities. During the first year (2015-16) of the new CSR rules, PSUs spent about Rs 2,300 crore on CSR activities which was 71 percent of what they should have under the rules. During the last fiscal year, 460 companies including 51 PSUs spent a little over Rs 6,300 crore on CSR activities.

Corporate affairs minister Arun Jaitley, in a written reply to the Rajya Sabha in May, had said companies contributed Rs 42.64 crore to the Swachh Bharat Kosh. They also spent Rs 15.49 crore towards the 'Clean Ganga Fund'. If the PSUs put in all the unspent money in the account, that would be close to Rs 1,000 crore.
 

Comments

 

Other News

BMC: 207 officials in ACB net, 112 still on duty, 68 retire before justice catches up

There are significant delays in the handling of corruption cases involving officials of the Brihanmumbai Municipal Corporation (BMC), a Right to Information (RTI) response obtained by rights activist Jeetendra Ghadge has revealed. As of 30 April 2026, 207 BMC officials face Anti-Corruption Bureau (A

The transformation trap: Why efficiency is not innovation

Every company is transforming, or so it claims.   There was a time when the word ‘transformation’ carried weight. It signified bold strategic shifts, reinvention of business models, and breakthrough technologies that fundamentally changed how organizations created

The Sardar biography that throws light on our times

Patel: A Life By Rajmohan Gandhi Aleph Books, 568 pages, Rs 1,199   There are many biographi

Climate change, El Niño rewrite Indian monsoon

The month of July exceeded its rainfall target despite forecasts of a below-normal month under a strengthening El Niño. The reason could be that climate change is amplifying monsoon complexity: West Pacific warming, Western Disturbances and evolving ocean conditions increasingly interact with El Ni&

Mumbai has just 1.28 sq.m. of open space per person: Study

Mumbai`s public space crisis is as much about mismanagement as it is about scarcity, and offers a governance roadmap that can be implemented without new legislation, according to a new report by the Urban Design Research Institute (UDRI) and the NGO Alliance for Governance and Renewal (NAGAR).  

Lok Sabha passes amendment bill to improve public examination system

The Lok Sabha on Wednesday passed the Public Examinations (Prevention of Unfair Means) Amendment Bill, 2026 by a voice vote after an extensive discussion. Replying to the debate, minister of state (independent charge) for science & technology; earth sciences and MoS in the PMO, Dr. Jite

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter