BSE-listed companies spend $1 billion on CSR
Nearly 1,200 companies listed on the BSE together spent one billion dollars or Rs.6,400 crore towards corporate social responsibility activities in 2014-15, with majority of funds utilised for education, skills, health and sanitation sector, according to a report.Under the new Companies Act, a certain class of profitable companies must spend every year at least 2 per cent of their average net profit over the preceding three years on CSR. The norms, which are applicable on a 1,294 BSE-listed companies, Read more [...]