The 2013 Companies Act has brought a mixed bag of results: it has structured and regulated CSR in India, but also increased the hurdles businesses must clear, as well as the social and monetary costs for companies.
The Ministry of Corporate Affairs’ notice last year directing companies to partner with NGOs for their CSR efforts requires companies to choose partners carefully, while NGOs must focus on monitoring and other requirements—so both sides are trying to address gaps and work with each other’s strengths
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Gateway House's Manjeet Kripalani is on a five-day trip to North Bihar to observe the penultimate days of the election campaigning. She will send a daily diary, in pictures or words, while traversing Bihar; on its progress and its aspirations. And why Bihar is so important to India.
Courtesy: IAFS
The third India-Africa Forum Summit this week in New Delhi may be the right opportunity for the Modi government to formulate a strong Africa policy, and hosting more than 50 heads of African states will give India a chance to deepen the relationship and open access to newer markets.
The lack of effective punishment for companies that fail to meet the 2% CSR requirement is the most notable lacuna in the Indian Companies Act of 2013. At the same time, mandatory CSR is not a replacement for state social spending, which is a key ingredient for the success of developing nations.
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While the lifting of economic sanctions after Iran’s recent nuclear deal with the P5+1 countries may improve socio-economic conditions, will it also positively impact human rights in the country?
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ONGC’s purchase of a 15% stake in Russia’s Vankorneft presents the road ahead for India – by acquiring oil and gas fields today, India has a chance to lock in the price of imported energy at the current low level for the long run.
Courtesy: Wikimedia Commons
The definition of corporate social responsibility in India is rather unique and follows an approach that combines philanthropy and business strategy. How is the Indian concept of CSR different from what is followed in other countries?
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The jobs of 6.5 million Indians working in GCC countries could be at risk due to the fall in global oil prices. Securing the interests of these workers should be on Prime Minister Modi’s agenda when he visits UAE on August 16-17
In the first Republican debate of the the 2016 elections Donald Trump stood out as the biggest winner. However, the lack of any outstanding Republican candidate means Democrat Hillary is the real winner