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
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.
Courtesy: Orin Zebest/Flickr
Trusteeship is commonly, and mistakenly, equated with individual or corporate philanthropy. Instead, the true essence of trusteeship is about a better alignment of business and society, profits and the larger common good. Why is it imperative for businesses in a maturing democracy to embrace trusteeship?
Courtesy: World Economic Forum/Flickr
Modi’s popularity within the business community has been based on the perception of his ability for good governance. However, instead of engaging in the complexity of identity politics, business leaders can undertake actions that build immunity against communal tensions
Courtesy: LIVEMINT
Livemint published Gateway House's Fellow Rajni Bakshi's article on Narendra Modi and the issue of prime ministership. She argues that business leaders should build immunity against communal tensions instead of engaging in the complexity of identity politics.