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India: Healthcare to Swachh Bharat, how firms spent CSR funds
Author: Sandeep Singh & Shruti Srivastava, Indian Express, Published on: 22 November 2015
Forced to spend a portion of their profits on activities linked to corporate social responsibility (CSR) to meet the requirements of the Companies Act 2013, India’s top 50 companies that make up the benchmark Nifty index at the National Stock Exchange claim to have spent over Rs 4,600 crore in the financial year ended March 2015 on social initiatives. Healthcare, education, environment and Swachh Bharat initiative dominated the sectors where money was spent by these companies...
Related companies: Axis Bank Bajaj Auto Bharat Petroleum Coal India (CIL) HCL Technologies HDFC Infosys ITC NTPC ONGC (Oil & Natural Gas Corporation) Reliance Industries Tata Consultancy Services (part of Tata Group) Tata Group Vedanta Resources