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

Voter turnout: Drop from 2019 reduces further

As the voting percentages dropped drastically in the first couple of phases of the ongoing general elections, observers and analysts spoke of ‘voter apathy’ blamed it on a lack of “wave” this time – apart from the heatwave, that is. The latest figures after the fourth phase, h

GAIL reports annual revenue of Rs.1,30,638 crore

GAIL (INDIA) Limited has reported 75% increase in Profit before Tax (PBT) of Rs.11,555 crore in FY24,  as against Rs 6,584 Cr in FY23. Profit after Tax (PAT) in FY24 stands at Rs. 8,836 Cr as against Rs.5,302 Cr in FY23, a 67 % increase. However, revenue from operations registered a fa

Women move forward, one step at a time

“Women’s rights are not a privilege but a fundamental aspect of human rights.” —Savitribai Phule In India, where almost two-thirds of the population resides in rural areas, women’s empowerment initiatives are extremely critical for intensifying l

Why you should vote

What are the direct tangible benefits that you want from the government coming in power? The manifestos of various parties set a host of agendas which many times falls back in materialising the intended gains. Governance failures, policy lapses, implementation gaps, leadership crisis and cultural blockages

How the role of Ayurveda evolved pre- and post-independence

Ayurveda, Nation and Society: United Provinces, c. 1890–1950 By Saurav Kumar Rai Orient BlackSwan, 292 pages, Rs 1,400  

General Elections: Phase 4 voting on in 96 seats

As many as 17.7 crore electors are eligible to vote in the fourth phase of general elections taking place on Monday in 10 states/UTs. 175 Legislative Assembly seats of Andhra Pradesh and 28 Legislative Assembly seats of Odisha are also going to polls in this phase. Polling time in select as

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter