23
Wednesday
January 2019
6:17 AM IST
News Headlines
NRIs are India's brand ambassadors, symbolise country's capabilities: PM        More domestic, international services from Kannur International Airport        Kohli will break all records created by Tendulkar: Zaheer Abbas        Man gets 7 years rigorous imprisonment for robbery        Encounter breaks out at Shopian in J-K        France fines Google nearly $57 million        Full dress rehearsal for Republic Day Parade on Wednesday, traffic restrictions to be in place        Jaitey calls Congress remarks on EVM hacking "lie and garbage"        China''s economy slumps to 28 year low to 6.6 per cent in 2018        Venezuela military group calls in video for not recognizing Maduro        First Indian-American Senator Kamala Harris announces her 2020 US presidential bid        Ross Taylor praises Kohli''s batting prowess ahead of limited-overs series        Halep sent home but Djokovic, Williams headed to the Australian Open quarter-finals        Boo - The World's Cutest dog dies        PM condoles demise of Lingayat seer        CJI recuses from hearing plea challenging Rao's appointment as interim CBI chief        Ankita wins first singles title of 2019 season in Singapore        Kohli is greatest ODI batsman to have played the game: Clarke        Minister says UK faces 'political tsunami' if Brexit halted        Mumbai TDS office issued prosecution notices in 50 ''big'' cases in past one month: CBDT        
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Business News
Companies CSR expenditure rises 47pc in 4 years to FY18: Survey
 
New Delhi, Dec 26 (PTI) Companies in India spent Rs 7,536.3 crore on corporate social responsibility (CSR) activities in 2017-18, a 47 per cent rise compared to 2014 15, says a survey.

"This is a significant rise, clearly demonstrating higher expenditure towards CSR activities from the mandated year, 2014," said the KPMG India CSR Reporting Survey 2018.

The cumulative expenditure by top 100 companies from 2014 15 to 2017 18 is about Rs 26,385 crore, the survey said.

The average amount spent per company has gone up to Rs 76.1 crore as compared to Rs 58.8 crore during 2014 15, up 29 per cent, it said.

The survey further said that the total unspent amount has reduced by Rs 749 crore to Rs 989 crore during 2017-18 from Rs 1,738 crore in 2014 15.

"This is the fourth year into the report and also government regulation to spend 2 per cent on CSR. This year, the two outcomes which are showing progress due to the regulation are - governance around CSR and contribution of private sector in the development," said Santhosh Jayaram, Partner and Head, Sustainability and CSR Advisory, KPMG in India.

"The governance around CSR has improved to a great extent. The functioning of the CSR committee has shown significant development as increasing number of top executives are involved and CSR is also a board room discussion. The CSR spend is increasing over years and more private companies are crossing the 2 per cent threshold," he added.

Energy and power sectors have spent the highest amount towards CSR at Rs 2,464.96 crore followed by BFSI at Rs 1,352.67 crore, customer products at Rs 635.41 crore, IT consulting and software at Rs 1,100 crore and mining and metal at Rs 647.12 crore.

The number of companies that have spent less than 2 per cent has also substantially come down by 37 per cent to 33 companies in 2017-18 from 52 in 2014-15.

State-wise, Maharashtra, Gujarat, Rajasthan, Uttar Pradesh and Karnataka are the top five states from an expenditure perspective, the survey added.


China''s economy slumps to 28 year low to 6.6 per cent in 2018
Minister says UK faces 'political tsunami' if Brexit halted
Mumbai TDS office issued prosecution notices in 50 ''big'' cases in past one month: CBDT
Honda Cars India announces increase in car prices, effective from Feb 1
IOC to raise USD 3 bn more in overseas loan
Jet Airways shares sink over 8% amid uncertainty over open offer
Huawei founder denies spying for China in rare interview
Rupee slips further, settles below 71-level against USD
Sebi fines 10 entities for fraudulent trading in Mindvision Capital shares
Govt sets up common facility centres for gems and jewellery sector
Rupee rises 14 paise against US dollar in early trade
Export demand to drive future growth of manufacturing companies
MCA summons directors, officers of Usha Martin
Reliance Communications Says 'Fully Committed' To Settle Dues With Ericsson
Jet Airways In Talks With SBI To Raise Rs. 1,500 Crore: Report
Petrol, Diesel Prices To Rise In Karnataka As State Hikes Fuel Taxes
RBI Scales Down Printing Of 2,000 Rupee Note: Report
Banks likely to recover bad loans worth Rs 70,000 crore by March-end: Arun Jaitley
BoB finalises share swap ratio for merger of Vijaya Bank, Dena Bank
Fuel prices to come down further: Dharmendra Pradhan
KERALA NEWS
More domestic, international services from Kannur International Airport
 Thiruvananthapuram: More domestic, international services to start from Kannur International Airport  
Mineral sand mining: Talks fail, agitaion to continue
Kerala HC disqualifies Koduvally MLA
Kanakadurga attacked by mother-in-law
INTERNATIONAL NEWS
France fines Google nearly $57 million
 Washington: The French regulators fined Google with nearly $57 million for violating Europe's new da
Venezuela military group calls in video for not recognizing Maduro
First Indian-American Senator Kamala Harris announces her 2020 US presidential bid
Boo - The World's Cutest dog dies
NATIONAL NEWS
Man gets 7 years rigorous imprisonment for robbery
 Thane: A Thane court has awarded seven years' rigorous imprisonment to a 36-year-old man for robbing
Encounter breaks out at Shopian in J-K
Jaitey calls Congress remarks on EVM hacking "lie and garbage"
PM condoles demise of Lingayat seer
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