Confederation of Indian Industry (CII) takes immense pleasure in presenting the third edition of Annual CSR Tracker 2017. Similar to the last two editions, this is the most comprehensive analysis of CSR disclosures of Bombay Stock Exchange (BSE-listed) companies obligated to practice CSR as per the Companies Act, 2013.
The Annual CSR Tracker 2017 is based on disclosures of 1,522 companies as compared to 1,270 companies in 2016 and 1,181 in 2015. Disclosures are broken into approximately, 41 indicators spread across six aspects of CSR legislation: governance, policy, financials, spends as per Schedule VII, spend channels, and spend locations. Also included is beneficiary data that companies voluntarily disclose in their annual reports.
ECONOMIC MANAGEMENT CHARACTERISTICS OF MODISancharexpress
Prime Minister Narendra Modi led government has even at this early stage provided several indications that national interest and constitutional proprieties will govern decision making.
This is interesting piece on india's employment growth in recent years. The unique document containing information on employment type and quality in recent years.
ECONOMIC MANAGEMENT CHARACTERISTICS OF MODISancharexpress
Prime Minister Narendra Modi led government has even at this early stage provided several indications that national interest and constitutional proprieties will govern decision making.
This is interesting piece on india's employment growth in recent years. The unique document containing information on employment type and quality in recent years.
Corporate Disclosure benchmarking report of BSE200 companies on mandatory and voluntary disclosure standards, to help investors, board members, CFOs, IROs and executives evaluate disclosure practices amongst India's leading listed companies.
The state government of Maharashtra has been at the forefront in creating a conducive business environment that fosters globally competitive firms. Business reforms introduced both by the Central as well as the state government have played a critical role in India’s 30 spots improvement in the Doing Business ranking for 2018.
The State, under the Business Reforms Action Plan (BRAP) 2016, has implemented over 90 per cent reforms in 7 out of 10 parameters, including labour registration, utility connections, single window system, environment registration, among others. These policy reforms have significantly helped in the reduction in time and cost of doing business for the industry, thereby
establishing Maharashtra as one of the top investment destinations in the country.
This report provides the key highlights of the select initiatives on ease of doing reforms in Maharashtra. With a view to provide on-ground impact of these initiatives, the Report also captures industry views on various aspects of business reforms.
Challenges of Doing Business in india - Corruption, Efficiency and the Way Fo...IPPAI
Mr. Dhanendra Kumar
Former Chairman CCI, & Principal Advisor
Indian Institute of Corporate Affairs
Ministry of Corporate Affairs, Govt. of India
at RPR 2012, 23-26 August, Goa, India
A lucid and attractive presentation on the topic - "Ease of Doing Business in India". Discussion is done on both the basics as well as the nitty-gritty of the topic.
The government of India has, in the past few years, accorded an utmost priority to the Ease of Doing Business (EoDB). The accent is on simplification of regulations and use of technology to make the compliance more efficient for businesses. Apart from the Centre, the States are also being encouraged to implement business reforms in the spirit of competitive federalism, to foster reforms at the sub-national level. The measures are aimed at creating a conducive business environment, which is a key to facilitating growth and creating jobs. Thanks to these measures, India’s EoDB ranking, captured by the World Bank, has improved by 42 spots since 2014 to touch the 100th position now. The Prime Minister envisions India among the top 50 nations in the next couple of years.
While business reforms are being undertaken at a rapid pace and large scale, cutting across Central as well as state levels, it is imperative that awareness about these developments is created among stakeholders and regular feedback is generated to address the gaps in the implementation of reforms. Identification of pending issues and suggesting possible solutions are equally vital. It is also important to identify the best practices within and outside the country, which are considered for implementation by the needy states.
Deloitte India: What the union budget 2021 brings?aakash malhotra
The Union Budget of 2021 was presented on 1 February 2021 by the Finance Minister, Smt. Nirmala Sitharaman. Deloitte India analyses how the presented budget turned out against expectations. Experts bring forth Deloitte’s View regarding the key highlights of the budget. The presentation also studies the impact of the budget on tax and various industries including, the banking sector, insurance, and healthcare sector. Download here and learn more.
CSR Contribution made by selected Indian Manufacturing Multinational Companiesijtsrd
"The concept of CSR has gained lot of significance lately. But in India, complying provisions of CSR becomes mandatory after introduction of CSR policy in Indian Companies Act, 2013 for the companies who fulfill the certain criteria as mentioned. The rationale behind CSR is to embrace the responsibility for companies’ action and encouraging the positive impact through its activities on environment, healthcare, livelihood, rural development, education and so on. The present study has made an attempt to understand the CSR policy initiatives made by four major companies in India. All the data collected and used for research work is secondary in nature like official websites and reports published by companies, magazines, journals and other reference books. The purpose of this paper is to know the contribution made by four top Indian manufacturing MNC and analyze the same. These companies are drawn from ‘The CSR Journal Miss. Charuta P. Kulkarni ""CSR Contribution made by selected Indian Manufacturing Multinational Companies"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | Fostering Innovation, Integration and Inclusion Through Interdisciplinary Practices in Management , March 2019, URL: https://www.ijtsrd.com/papers/ijtsrd23055.pdf
Paper URL: https://www.ijtsrd.com/management/strategic-management/23055/csr-contribution-made-by-selected-indian-manufacturing-multinational-companies/miss-charuta-p-kulkarni"
India CSR Outlook Report (ICOR) is an annual CSR report published by NGOBOX, analyses big 250 companies CSR projects, CSR spend and CSR partnerships models in India.
Corporate Disclosure benchmarking report of BSE200 companies on mandatory and voluntary disclosure standards, to help investors, board members, CFOs, IROs and executives evaluate disclosure practices amongst India's leading listed companies.
The state government of Maharashtra has been at the forefront in creating a conducive business environment that fosters globally competitive firms. Business reforms introduced both by the Central as well as the state government have played a critical role in India’s 30 spots improvement in the Doing Business ranking for 2018.
The State, under the Business Reforms Action Plan (BRAP) 2016, has implemented over 90 per cent reforms in 7 out of 10 parameters, including labour registration, utility connections, single window system, environment registration, among others. These policy reforms have significantly helped in the reduction in time and cost of doing business for the industry, thereby
establishing Maharashtra as one of the top investment destinations in the country.
This report provides the key highlights of the select initiatives on ease of doing reforms in Maharashtra. With a view to provide on-ground impact of these initiatives, the Report also captures industry views on various aspects of business reforms.
Challenges of Doing Business in india - Corruption, Efficiency and the Way Fo...IPPAI
Mr. Dhanendra Kumar
Former Chairman CCI, & Principal Advisor
Indian Institute of Corporate Affairs
Ministry of Corporate Affairs, Govt. of India
at RPR 2012, 23-26 August, Goa, India
A lucid and attractive presentation on the topic - "Ease of Doing Business in India". Discussion is done on both the basics as well as the nitty-gritty of the topic.
The government of India has, in the past few years, accorded an utmost priority to the Ease of Doing Business (EoDB). The accent is on simplification of regulations and use of technology to make the compliance more efficient for businesses. Apart from the Centre, the States are also being encouraged to implement business reforms in the spirit of competitive federalism, to foster reforms at the sub-national level. The measures are aimed at creating a conducive business environment, which is a key to facilitating growth and creating jobs. Thanks to these measures, India’s EoDB ranking, captured by the World Bank, has improved by 42 spots since 2014 to touch the 100th position now. The Prime Minister envisions India among the top 50 nations in the next couple of years.
While business reforms are being undertaken at a rapid pace and large scale, cutting across Central as well as state levels, it is imperative that awareness about these developments is created among stakeholders and regular feedback is generated to address the gaps in the implementation of reforms. Identification of pending issues and suggesting possible solutions are equally vital. It is also important to identify the best practices within and outside the country, which are considered for implementation by the needy states.
Deloitte India: What the union budget 2021 brings?aakash malhotra
The Union Budget of 2021 was presented on 1 February 2021 by the Finance Minister, Smt. Nirmala Sitharaman. Deloitte India analyses how the presented budget turned out against expectations. Experts bring forth Deloitte’s View regarding the key highlights of the budget. The presentation also studies the impact of the budget on tax and various industries including, the banking sector, insurance, and healthcare sector. Download here and learn more.
CSR Contribution made by selected Indian Manufacturing Multinational Companiesijtsrd
"The concept of CSR has gained lot of significance lately. But in India, complying provisions of CSR becomes mandatory after introduction of CSR policy in Indian Companies Act, 2013 for the companies who fulfill the certain criteria as mentioned. The rationale behind CSR is to embrace the responsibility for companies’ action and encouraging the positive impact through its activities on environment, healthcare, livelihood, rural development, education and so on. The present study has made an attempt to understand the CSR policy initiatives made by four major companies in India. All the data collected and used for research work is secondary in nature like official websites and reports published by companies, magazines, journals and other reference books. The purpose of this paper is to know the contribution made by four top Indian manufacturing MNC and analyze the same. These companies are drawn from ‘The CSR Journal Miss. Charuta P. Kulkarni ""CSR Contribution made by selected Indian Manufacturing Multinational Companies"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | Fostering Innovation, Integration and Inclusion Through Interdisciplinary Practices in Management , March 2019, URL: https://www.ijtsrd.com/papers/ijtsrd23055.pdf
Paper URL: https://www.ijtsrd.com/management/strategic-management/23055/csr-contribution-made-by-selected-indian-manufacturing-multinational-companies/miss-charuta-p-kulkarni"
India CSR Outlook Report (ICOR) is an annual CSR report published by NGOBOX, analyses big 250 companies CSR projects, CSR spend and CSR partnerships models in India.
Assessment of CSR Law in Companies Act, 2013 – An Analysis of the Performance...inventionjournals
Introduction: The new law making CSR expenditure and reporting mandatory for certain companies is a new chapter in the Indian corporate world and has provided a necessary boost to the status of companies’ responsibility towards the stakeholders, and transparency and accountability of their actions. Need: The mandatory 2% spending of profits on CSR activities got mixed reaction from corporate executives. To ensure that the enforcement of the law isn’t limited to the term “cheque-book CSR”, regular exploration of the companies’ CSR expenditures and their consequent outcomes is absolutely essential. Objective: The paper aims to assess the outcome of Section 135 of the Companies Act, 2013, in the first year of its implementation among the BSE-SENSEX companies. Research methodology: Secondary sources were utilized for collecting profits and CSR expenditure figures of the selected 30 companies for conducting an ex-post analysis for the year 2014-15. Key findings of the study: Less than 15% of the BSE-SENSEX companies had spent on CSR activities an amount that is equal to or greater than the stipulated 2% of the average profits of the preceding 3 years as per Section 135 of Companies Act, 2013. Implications: Immediate attention of regulatory bodies is desired towards companies failing to dispense the funds earmarked for CSR as stipulated by the law to ensure compliance.
ESG investing is becoming more popular in India, and it is crucial for Indian firms to comprehend its implications and take action to satisfy the rising demand for sustainable investments. This may be accomplished by include ESG performance disclosure in annual reports, implementing sustainable business practises, and adhering to the rules and regulations set out by SEBI and the GoI. Companies that adopt sound ESG practises from the start will be better positioned during the fundraising stage to provide any ESG-specific representations and warranties required by the investor and defend against price adjustments brought on by unfavourable ESG factors as ESG considerations become more prevalent in private equity investments. Indian companies may consider conducting ESG due diligence and developing an ESG action plan based on the findings of ESG, which would include obtaining the necessary licences, drafting policies on anti-corruption, environment and social issues, etc., waste disposal process, maintaining a healthy environment for employees, and taking precautions against fire, among other things.
India became the first country to mandate spend on CSR activities through a statutory provision after the President of India gave assent to the Companies Bill, 2013,.
The Provision of Corporate Social Responsibility (CSR) are effective from financial year 2014-15.
As per Section 135 of the Act, every company with a specified net worth or turnover or net profit are required to mandatorily spend 2 percent of its average net profit towards specified CSR activities.
Though many corporate houses in India have been doing CSR activities voluntarily, the new CSR provisions put formal and greater responsibility on companies to set out clear framework and process to ensure strict compliance.
The Board of Directors of the companies are responsible to ensure that the company spends the mandatory CSR spend on specified CSR activities in accordance with the CSR policy of the company and disclose the CSR policy and CSR activities of the company as specified in the provisions.
Each qualifying company should form a CSR committee which will formulate the CSR policy of the company and effectively monitor the CSR activities of the company.
The Ministry of Corporate Affairs (MCA) has issued draft rules on CSR for public discussion. The said draft CSR rules lay down the framework and guidance on the manner in which every eligible company is expected to undertake CSR initiatives.
Post IFRS Convergence Investigation: Corporate Social Responsibility Disclosu...IJAEMSJORNAL
This research aims to determine the factors that influence the level of Corporate Social Responsibility Disclosures after International Financial Reporting Standards convergence by testing the effect of Institutional Ownership, Public Ownership, Board of Independent Commissioner Size and Company Size on Corporate Social Responsibility Disclosures index. Sample used are mining sector companies that listed on Indonesia Stock Exchange for period 2013-2016. The sources of the data were taken from audited financial reports and annual reports and sample were 19 banks which taken by using purposive sampling. This research uses quantitative approach with multiple linier regression analysis. The results show that institutional ownership, public ownership and company size have a positive and significant effect on corporate social responsibility disclosures. There is no evidence to suggest that board of independent commissioner size have any effect on corporate social responsibility disclosures. The results simultaneously show that Institutional Ownership, Public Ownership, Board of Independent Commissioner Size and Company Size have an influence on Corporate Social Responsibility Disclosures..
Concept of Corporate social responsibility
2. Types of CSR
3. Advantages
4. Concept of CSR under Indian law
5. Companies involved in CSR
6. Concept of CSR under English law
7. Conclusion
Corporate Social Responsibility Reporting on Performance of Oil and Gas Compa...ijtsrd
The study examined the effect of corporate social responsibility reporting on financial performance of Oil and Gas companies in Nigeria. Ex post facto research design and content analysis were adapted. A sample of ten oil and gas companies was selected for the study. The hypothesis was tested using linear regression analysis with the aid of E view 9.0. The study revealed that return on capital employed has insignificant effect on corporate social responsibility of Oil and Gas companies in Nigeria. The study recommended that the external users of corporate social responsibility reports such as the shareholders, local communities, employees and other stakeholders should device appropriate channels by which their demands for such reporting can be adequately pressed upon. Ezekwesili, Tochukwu P. | Emeneka, Ogochukwu L "Corporate Social Responsibility Reporting on Performance of Oil and Gas Companies in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47520.pdf Paper URL : https://www.ijtsrd.com/management/accounting-and-finance/47520/corporate-social-responsibility-reporting-on-performance-of-oil-and-gas-companies-in-nigeria/ezekwesili-tochukwu-p
The May edition of the Multilateral Newsletter highlights the key deliberations from the Forum and provides the key recommendations made by the OECD stakeholders. In addition, the edition covers major happenings at the World Bank, Asian Development Bank (ADB), B20 and International Labour Organisation (ILO).
Micro, Small and Medium Enterprises (MSMEs) sector is the backbone of the national economic structure and has acted as the bulwark for the Indian economy, providing it resilience to fend off global economic shocks and adversities. The development of the sector is extremely critical to meet the national imperatives of financial inclusion and generation of significant levels of employment across urban, rurban and rural areas and to catalyse socio-economic transformation.
Easy access to credit and finance remains one of the many challenges faced by the sector. Hence, in view of the sector's importance in the overall economic landscape, it is critical the MSME sector develops through the concerted efforts of various stakeholders, including banks and financial institutions, equity funds, industry majors and MNCs, regulators across various ministries at the Center and in the States, and trade associations, together, to create a forward-looking framework and ecosystem. The competitiveness of the MSME sector is critical for sustaining economic growth.
It’s a matter of concern that 600 million people in India face high to extreme water stress in the country. About three-fourths of the households in the country do not have drinking water at their premise. With nearly 70% of water being contaminated, India is placed at 120th amongst 122 countries in the water quality index. It’s a fact that water is a State subject and its optimal utilization and management lies predominantly within the domain of the States. This index is an attempt to budge States and UTs towards
efficient and optimal utilization of water and recycling thereof with a sense of urgency.
GST, the single taxation regime, was implemented a year back and though there were some initial implementation issues, as is the case with any system for the first time, it is safe to say that the GST has been the biggest tax reform of Independent India.
Cyberspace is rapidly transforming our lives – how we live, interact, govern and create value. With the JAM (Jan Dhan, Aadhaar and Mobile) trinity, India is at the forefront of global digital transformation. “Digital India” is being hailed as the world's largest technology led programme of its kind.
While internet, smartphones and modern information and
communication devices have been great force multipliers, endless connectivity and proliferation of IoT devices is giving rise to vulnerabilities, risks and concerns. Cyber security is today ranked among top threats by governments and corporates. Heightened concerns about data security and privacy have resulted in a spate of regulations in India and across the world. India is in the process of discussing and enacting its own comprehensive data security and privacy regulation, as well as vertical specific ones. Cyber security is an ecosystem where laws, organisations, skills, cooperation and
technical implementation would need to be in harmony to be
effective.
Overall, a robust regulatory framework based on global and
country-specific regulations, development of a holistic cyber
security eco-system (academia and industry as well as
entrepreneurial) and a coordinated global approach through
proactive cyber diplomacy would help to secure cyber space and promote confidence and trust of key stakeholders including
citizens, businesses, political and security leaders.
CII has been actively working in the cyber security space. The CII Task Force on Public Private Partnership for Security of the Cyber Space has been set up to bring about improvements in the legal framework to strengthen and maintain a safe cyberspace ecosystem by capacity building through education and training programmes. We would facilitate collaboration and cooperation between Government and Industry in the area of cyber security in general and protection of critical information infrastructure in particular, covering cyber threats, vulnerabilities, breaches, potential protective measures, and adoption of best practices.
Delhi, the capital of India, has emerged as a major commercial capital and industrial hub of India. It is home to a wide range of industries including textiles, electrical and electronics, IT &ITeS services, hotel and tourism, which have contributed immensely to the economic and industrial growth of the country. Nearly 88% of the SMEs in Delhi revealed that this cluster is as an attractive destination for conducting business. Delhi has become an attractive business and tourist destination. This is driven by its improved infrastructure, good connectivity with other Asian and western regions, ease of access to market and availability of skilled labor among others. Consequently, it has emerged as
one of the most preferred investment and business destinations.
The March-April edition of the Multilateral Newsletter gives insights on the key happenings at the various multilateral institutions and highlights the key discussions and deliberations at the informal WTO Ministerial Meeting held in New Delhi.
WTO plays a vital role by bringing stability and predictability to the multilateral trading system. It is a collective responsibility of WTO members to address the challenges faced by the system and putting the economies back on steady and meaningful way forward.
Several proposals and initiatives on investment facilitation were tabled at the WTO in the run-up to the 11th Ministerial Conference. The proponents advocated discussions on Investment Facilitation within the WTO framework. However, there was no consensus on initiating negotiations, or even establishing a Work Programme, on Investment Facilitation. A clear need of more work to look at all aspects of a potential multilateral rules on Investment, particularly on its impact on domestic policy space was stated.
In order to deepen the understanding between the member it is important that an open, transparent and inclusive approach of decision making for the various interventions. The informal WTO Ministerial gathering in New Delhi saw convergence of around 53 members representing a broad spectrum of the WTO membership.
CII, as an Industry Institution is cognizant of the need for India to engage constructively in some of the new issues being discussed under the WTO framework.
Businesses are gradually recognizing that ethics means good business. It is believed that well-run and trustworthy
companies are more likely to attract greater investment opportunities, which enables them to innovate and expand, and
generate wealth and jobs. Good corporate governance practices are regarded as providing an 'extra' edge to companies
to enhance their image and stay ahead in an intensely competitive business environment. This would help them imbibe
universally accepted values of ethics and good governance—accountability, transparency, responsibility and
responsiveness to stake holders. Besides, it would also mean looking beyond achieving mere economic sustainability to
include social and environmental sustainability as well. Many corporates are adhering to sustainable business practices
and many more are likely to follow suit in the time to come.
On the domestic front, CII expects economic growth to bounce back to 7.3-7.7 per cent in FY19 from the estimated 6.6
per cent in FY18. The prognosis of improved rural consumption and a recovery in private investment will support
growth, even as the debilitating effects of demonetisation and GSTimplementation will fade away
The Commuique May 2018 edition discusses the cover story
on 'Resolving Insolvency in India'
The Insolvency and Bankruptcy Code (IBC) 2016, is one of
the biggest regulatory reforms corporate India has witnessed
in recent times.
It also features 'UK-India CEO Forum Meeting ', 'CII CEOs Delegation to 11th Commonwealth Business Forum 2018', 'Four Transformations of the Global Energy Market', Economy pieces on 'The Innovation Paradox' & 'Can the Lion Conquer the Forest?' along with a piece on 'India-Africa Economic Partnership'.
The report reflects on the role of broadband connectivity and the multiplier effect it has on the larger ecosystem. India is ripe for a Digital rethink, with both government and industry aligning their efforts toward a broadband powered Digital India. Broadband has the power to enable the gigabit society that is always connected. Broadband connectivity has changed the way people
communicate, socialise, create, sell, shop and work. India’s digital consumption patterns highlights the evolution. On an average Indians spend 200 minutes on mobile every day, with the second highest app downloads globally. Almost 79% of the web traffic in India is on mobile.
To realise the Digital India dream, there is a need to strengthen the broadband backbone, which forms a key pillar of this transformation. This report highlights the need for future ready and robust broadband infrastructure and the requisite efforts for expediting its reach.
South Africa and India share a rich past and bright future. India has transitioned from being South Africa’s political ally to being a vibrant economic partner. Despite challenges, the opportunity for increasing the value of bilateral trade between the two countries is growing exponentially each year.
South Africa and India have nurtured a bilateral relationship since the 1860s, when the first Indians arrived in South Africa. India was one of the first countries that rallied at the United Nations in support of the anti apartheid movement in South Africa. The strong bond established between the two countries during the struggle for democracy in South Africa became further entrenched in post-apartheid South Africa.
Most global businesses recognise South Africa as the most favourable destination in Africa for making long-term investments. The country offers a stable political and economic environment with established institutions. Policies and procedures are well articulated and consistent, and it offers a free and competitive environment with open-minded consumers. South Africa provides the most stable and technologically viable environment for Indian companies wishing to establish a base from which to expand across the continent. As a gateway to Africa, it is renowned for its infrastructure, skills pool and expertise.
Our world is changing at an unprecedented pace, driven by a new digital economy. Companies across sectors are keen to become more efficient, disruptive, and differentiated, by using new technologies and supported by an ecosystem of customers, partners, and technology leaders. New-age technologies such as Artificial Intelligence (AI), Augmented Reality (AR), Blockchain, Machine Learning, 3D printing, and IoT are gaining more and more importance and acceptance.
India has all the ingredients in place to leverage this innovation and technological advantage in the long run, including university graduates, public institutes and corporates. However, India’s gross expenditure on R&D as a proportion of GDP (GERD) is less than 0.7% as of 2014-15 and within this, the share of industry is just 30%. Further, the vast SME sector needs to scale up technology infusion for higher productivity.
This is the fifth edition of the Grant Thornton India meets Britain Tracker, developed in collaboration with the Confederation of Indian Industry. The India Tracker identifies the fastest-growing Indian companies in the UK, as well as the top Indian employers. It provides insight into the evolving scale, business activities, locations and performance of the Indian-owned companies who are making the biggest impact in the UK.
This year, our research identified approximately 800 Indian companies operating in the UK, with combined revenues of £46.4 billion (£47.5 billion in 2017). Together, they paid £360 million in corporation tax (£275.7 million in 2017) and employed 104,932 people (105,268 in 2017). This shows the continued importance of the contribution that Indian companies make to the UK economy.
The Make in India initiative of the government which lays emphasis on domestic manufacturing, indigenization and import substitution, is expected to pave the way for making the Indian defence sector self-sufficient.Encouragingly, the Indian industry is now actively engagedand is partnering with the government in building a modern and best-in-class defence systems, equipment and components which should strengthen our forces and make the country more self-reliant. The formation of the Society of Indian Defence Manufacturers (SIDM) as an apex body of the Indian defence industry is critical in this regard. SIDM is expected to play a proactive role as an advocate, catalyst and facilitator for building the growth and capability of the defence industry in India. Given the rising importance of buttressing the Make in India programme for expanding the capacity of the Indian defence sector, in this issue of Economy Matters, a few SIDM office bearers and defence experts present their insights into this crucial topic.
As India integrates deeper into the global economy, it is becoming increasingly clear that the country needs to focus both on meeting international competition and its own developmental challenges.
The Government launched several initiatives last year, such as Make in India, Skill India, and Digital India, among others, towards make the vision of integrated inclusive development a reality.
For industry, grappling with the challenges of disruptive technologies, restrictive trade laws, environmental responsibilities and more demanding and discerning customers, the imperative is for sharper focus on producing excellent goods and services, along with building skills, generating jobs, and mainstreaming the marginalized.
Personal and freight mobility are important aspects of economic development and therefore create a significant footprint on the natural environment, especially on the ambient air quality. Vehicular emissions have been identified as one of the sources of air pollutants, specially PM 2.5, as per source apportionment study of IIT-Kanpur commissioned by Government of NCT of Delhi in the year 2015 (Sharma and Dikshit, 2016). Although there are other contributors to air pollution but the vehicular pollution remains a major non-point source. Efforts are needed for reducing the overall impact of the same. Another distinguishing feature of Delhi’s transportation system is the medium and heavy commercial vehicles (MHCVs) which are 2.5% of the total vehicular population but are responsible for over 65% of the total vehicular pollution as well as fuel consumption.
Under CII-NITI Aayog 'Cleaner Air Better Life Initiative', the task force on clean transportation has undertaken a consultative process to identify seven areas of action towards mitigation of air pollution in Delhi and National Capital Region (NCR). To begin with, it proposes mobility reforms to induce a more fundamental change from private vehicle towards sustainable means of transportation such as public and shared transportation. Further, limiting high-mileage polluting vehicles, strengthening Pollution-Under-Control (PUC) regime, allowing retailing of bio-fuels, promoting electric-mobility, decongesting traffic hotspots and retrofitting solutions are recommended by the task force, as elaborated.
At CII Indian Women Network, we are driven by the imperative that Indian women become a core critical mass of the workforce to bring about the transformational change in attitude and behavior. We have also recognized the importance of some amazing women role models who can inspire the future generation into believing that there are no limits to what a woman can achieve. One critical aspect is our own self-belief and innermost conviction that will ultimately help us triumph in our relentless struggle for gender equality. It is a pleasure to share this comprehensive report with you that captures the universe of several variables that will impact our future progress.
To strengthen the major growth drivers and would go a long way towards facilitating the path of a GDP growth rate of more than 8%. Many of the measures announced in this Budget such as market linkages for the rural economy, incentives for new jobs, fixed term employment, enhancing the quality of education, including teachers training, and addressing healthcare access are in line with CII recommendations.
To enable India to leapfrog into the digital age, CII has been advocating on four broad pillars i.e. building robust infrastructure,
reducing cost of inputs, workforce development and promoting innovation and R&D. In this regard, the Budget’s proposal for
encouraging high-end technologies is a forward-looking initiative. The Government's move to double the allocation on the Digital India programme will help research and skilling in Robotics, Artificial Intelligence (AI) and Internet of Things (IoT), among others.
The initiatives on National Programme on Artificial Intelligence to be set up by NITI Aayog, the 5G test-bed in IIT, Madras and the mission to encourage Big Data, Cybersecurity and Robotics announced in the Budget will help promote Industry 4.0. All these would lay the foundation for the proliferation of advanced manufacturing in India while creating new skills and jobs in the country.
Revitalizing Healthcare Sector in India. It is generally believed that developing a robust healthcare system is a cornerstone for rapid economic and societal development as it helps harness the latent potential of our populace. A healthy population is a pre-requisite for improv- ing human productivity reducing poverty, enhancing living standards and thereby achieving growth with inclusion. In this connection, it is noteworthy that the Union Budget 2018- 19 has introduced the National Health Protection Scheme (NHPS) to provide bene ts to 500 million people with an an- nual limit of Rs 5 lakhs for hospitalisation.
India and ASEAN are together home to 1.8 billion people, have a combined economy of US$ 3.8 trillion and a substantial share of world resources. With shared land and maritime boundaries, ASEAN-India relations are firmly embedded in Culture, Commerce and Connectivity. India's “Look East Policy” (LEP) was in force for more than two decades, and thereafter, it has been transformed into “Act East Policy” (AEP) with ASEAN at its core. Starting as a sectoral partner of ASEAN in 1992, India became a dialogue partner of ASEAN in 1996, a summit-level partner in 2002 and a strategic partner in 2012.
Strengthening India's economic relations with the countries in the East is one of the main objectives of India's 'Act East Policy' of the Government of India. Over 50% of India's foreign trade now goes to the East. In addition, India's bilateral trade with ASEAN is around US$72 billion in 2016-17. The two sides are now aiming to scale up bilateral trade to US$200 billion by 2022. India also has extensive and expanding trade relations with APEC economies, which account for 35% of India's merchandise trade.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Canadian Immigration Tracker March 2024 - Key SlidesAndrew Griffith
Highlights
Permanent Residents decrease along with percentage of TR2PR decline to 52 percent of all Permanent Residents.
March asylum claim data not issued as of May 27 (unusually late). Irregular arrivals remain very small.
Study permit applications experiencing sharp decrease as a result of announced caps over 50 percent compared to February.
Citizenship numbers remain stable.
Slide 3 has the overall numbers and change.
Many ways to support street children.pptxSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
Up the Ratios Bylaws - a Comprehensive Process of Our Organizationuptheratios
Up the Ratios is a non-profit organization dedicated to bridging the gap in STEM education for underprivileged students by providing free, high-quality learning opportunities in robotics and other STEM fields. Our mission is to empower the next generation of innovators, thinkers, and problem-solvers by offering a range of educational programs that foster curiosity, creativity, and critical thinking.
At Up the Ratios, we believe that every student, regardless of their socio-economic background, should have access to the tools and knowledge needed to succeed in today's technology-driven world. To achieve this, we host a variety of free classes, workshops, summer camps, and live lectures tailored to students from underserved communities. Our programs are designed to be engaging and hands-on, allowing students to explore the exciting world of robotics and STEM through practical, real-world applications.
Our free classes cover fundamental concepts in robotics, coding, and engineering, providing students with a strong foundation in these critical areas. Through our interactive workshops, students can dive deeper into specific topics, working on projects that challenge them to apply what they've learned and think creatively. Our summer camps offer an immersive experience where students can collaborate on larger projects, develop their teamwork skills, and gain confidence in their abilities.
In addition to our local programs, Up the Ratios is committed to making a global impact. We take donations of new and gently used robotics parts, which we then distribute to students and educational institutions in other countries. These donations help ensure that young learners worldwide have the resources they need to explore and excel in STEM fields. By supporting education in this way, we aim to nurture a global community of future leaders and innovators.
Our live lectures feature guest speakers from various STEM disciplines, including engineers, scientists, and industry professionals who share their knowledge and experiences with our students. These lectures provide valuable insights into potential career paths and inspire students to pursue their passions in STEM.
Up the Ratios relies on the generosity of donors and volunteers to continue our work. Contributions of time, expertise, and financial support are crucial to sustaining our programs and expanding our reach. Whether you're an individual passionate about education, a professional in the STEM field, or a company looking to give back to the community, there are many ways to get involved and make a difference.
We are proud of the positive impact we've had on the lives of countless students, many of whom have gone on to pursue higher education and careers in STEM. By providing these young minds with the tools and opportunities they need to succeed, we are not only changing their futures but also contributing to the advancement of technology and innovation on a broader scale.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Russian anarchist and anti-war movement in the third year of full-scale warAntti Rautiainen
Anarchist group ANA Regensburg hosted my online-presentation on 16th of May 2024, in which I discussed tactics of anti-war activism in Russia, and reasons why the anti-war movement has not been able to make an impact to change the course of events yet. Cases of anarchists repressed for anti-war activities are presented, as well as strategies of support for political prisoners, and modest successes in supporting their struggles.
Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
5. Confederation of Indian Industry (CII)
takes immense pleasure in presenting
the third edition of Annual CSR Tracker 2017.
Similar to the last two editions, this is
the most comprehensive analysis of CSR
disclosures of Bombay Stock Exchange
(BSE-listed) companies obligated to practice
CSR as per the Companies Act, 2013.
The Annual CSR Tracker 2017 is based on
disclosures of 1,522 companies as compared
to 1,270 companies in 2016 and 1,181
in 2015. Disclosures are broken into
approximately, 41 indicators spread across
six aspects of CSR legislation: governance,
policy, financials, spends as per Schedule VII,
spend channels, and spend locations. Also
included is beneficiary data that companies
voluntarily disclose in their annual reports.
Purpose of the Tracker
The CSR Tracker aims to evaluate CSR spends
related to business operations of companies
that seek to be sustainable in the long run.
The nature and amount of spends reflect
alignment of business interests through
the development areas.
Through this Tracker, CII strives to put in
perspective the industry trend in terms
of their spends towards this mandate.
Notwithstanding the intended spends of
companies towards fulfilling their business
interests, this report also examines the
neglected areas of spends which is a
motivation to many companies to do an
informed planning of their spends for the
coming financial year. Some contributions
will always remain unpredictable and
unforeseen, largely, coming from government
in the wake of natural calamities.
From Commitment to Impact is the theme
for Annual CSR Tracker 2017. This year too,
the trend towards better planning and
implementation continued and CSR
spends went up by about 9% in FY17
as compared to the previous year despite
industrial slowdown reflected through
profit before tax (PBT) numbers. In three
years of the legislation, things have
stabilised, organisational structures and
processes have been designed, tested
and put in place, CSR strategies and plans
rolled out, and implementation partners
identified, we find that in 2017, companies
are moving beyond compliance to focus
on creating a long-term impact for the
beneficiaries.
After three years of the legislation, we
look back and assess whether its objectives
are achieved and to what extent. Extent of
achievement should be assessed in context
of the intent of law. In absence of any
documented intent, statements made by
various representatives of the government
are used. Per those statements, the intent
of the law was to mainstream practice of
business involvement in CSR and make it
socially, economically and environmentally
responsible.
Annual CSR Tracker 2017 continues to be a
resourceful and unique compilation; setting
the benchmark in guiding and encouraging
companies as well as government to meet
their CSR requirement.
Preface
01CSR PERFORMANCE OF
COMPANIES IN FY17
6. This year marks the third edition of Annual
CSR Tracker 2017. CII consolidated CSR
disclosures of 1,522 companies listed on
BSE and analysed the legislative obligation
of these companies to comply with Section
135 of the Companies Act, 2013. This Tracker
presents India’s most comprehensive
analysis of CSR disclosures till date.
Analyses presented in this report rest
on data captured in over 2,000,000 cells
of a worksheet.
Based on average net profit of last three
years (FY14-16 to be used for arriving at the
applicable two per cent budget), Rs 9,680
crore was the required CSR budget for FY17.
The companies have collectively spent
Rs 8,897 crore or 92% of the two per cent
requirement in FY17. This is an increase
of about nine per cent in CSR spends
in FY17 as compared to FY16. This edition
draws from earlier Trackers of 2015 and
2016, and presents the changing pattern in
the spends of last two years vis-à-vis FY17.
It is a reflection of how CSR has emerged
from the periphery; practiced by small
companies (in the initial stages of the law
being implemented) to becoming part of the
mainstream businesses. This is primarily
because companies are now obligated to follow
CSR as per law. Some of the important points
explained in detail in Tracker 2017.
Key findings
• In FY17, health and sanitation received
about 25% of the total CSR spends,
whereas, one-third was received by
education and skill development. FY17
had a substantial increase in CSR spends
as against FY16 in the areas of environment
(66%), gender equality (115%), national
heritage (153%) and sports development
(192%). There was a noteworthy increase
in the spends with respect to armed forces
and veterans in FY17 amounting to Rs 33
crore in comparison to FY16, where less
than Rs 1 crore was spent. With respect to
development activities, in all three years,
about 26% of the companies preferred
to invest in one activity and about 11%
in five or more.
• Public Sector Enterprises (PSEs’)
contribution has been consistent over
the past three years at an average of about
30% of the total CSR spends. In FY17 as against
Executive Summary
0%
200%
Gender Equality
115
Environment
66
National Heritage
153
Sports Development
192
02 ANNUAL
CSR TRACKER 2017
7. the previous year, national heritage
and sports development have seen a
significant rise of 1,100% and 390%,
respectively.
• A huge drop in the contribution made
to the Prime Minister’s Relief Fund as
compared to 2016 where 79 companies
contributed Rs 80.55 crore to this
area and 120 companies contributed
Rs 107.43 crore in 2015. This year, only
45 companies reported to have invested
about Rs 23 crore. Moreover, four PSEs
reported to have invested Rs 3.6 crore
in Prime Minister’s National Relief
Fund in FY17.
• Number of companies spending
exclusively through corporate foundations
as a channel for programme and project
implementation had an increase of about
83% in FY17 as against FY16.
• Across all three years; FY15-17, the
industrialised states of Maharashtra,
Gujarat and Tamil Nadu remained
favoured destinations for CSR
investment. It appears that, over a
span of three years, about 40% of the
companies preferred investing in one
state/UT and about four per cent in
more than 10 States/UTs. Moreover,
Northeast India received investment
from 35% of the PSEs and 65% of the
Non-PSEs.
• Out of the 32 industry categories the
major contributors to CSR spends in all
three financial years are oil and gas,
software and services, utilities; and
metals and mining. Big increases in CSR
spends in FY17 in comparison to FY15,
are reported in automobiles and auto
components, construction materials,
consumer durables, coal and other
financial services.
Analysis in the Tracker is representative of
the cumulative efforts of companies towards
the mandated CSR legislation, that, in its
implementation, has proved a social and
economic obligation more than the originally
conceived philosophy of philanthropy in
India. However, need of the hour suggests
developing a culture of ‘Corporate
Conscience’ among companies and in
their business operations towards better
CSR signifying a responsible and
willing acceptance of the mandate.
03CSR PERFORMANCE OF
COMPANIES IN FY17
8. Three financial years have passed since the
CSR legislation came into force. To what
extent has it achieved its intent? Annual
CSR Tracker 2017 seeks to objectively and
quantitatively answer this question.
The present Tracker builds on CSR Trackers
of financial years 2015 and 2016. Each one
happens to be the most comprehensive
analysis of CSR disclosures in 'Director's
Report'. Two factors make them most
comprehensive. One, the scope covers
all elements of CSR legislation including
governance and not just the CSR spends.
Two, the number of companies included
for analysis, each entity listed on the BSE
and with the obligation to comply with
the CSR legislation. Cumulatively, 3,973
companies have been analysed over the
past three years.
While assessing the success of the CSR
legislation, one must objectively keep in mind
its intent. Whereas the legislation does not
document the intent, one has to rely on the
various statements made by the legislators
and regulators while the legislation came into
action. Basis that, the primary intent was to
mainstream and upscale corporate social
responsibility among companies.
Defining CSR for the purposes of law was
perhaps one of the biggest challenges for the
governments. Globally and in India, CSR has
been understood, defined, and scoped
differently to suit one's context. It is often
put in binary terms such as, voluntary or
mandatory, related to business and
operations or detached from business.
The stakeholders involved in the development
of legislation might have conceptually
converged on the general understanding that
CSR referred to the ethical principle that a
business should be responsible in terms of
the social and environmental impacts of its
actions. However, the law needed to be more
specific than that. Though there was always
a risk of it being narrowly construed.
The other challenge was that various social
and environmental responsibilities were
already legislated under many other laws.
CSR legislation could not have gained
precedence over other laws. Therefore,
in that context, CSR legislation required
businesses to take philanthropic
responsibilities. Increasing the challenge
were varying approaches and practices
of CSR suggesting that philanthropy and
'strategic CSR' were opposed to each other.
Yet another challenge was to expect companies
of varied scale and capabilities to comply with
a certain type of CSR practice. On one hand
were mature companies that were global
benchmarks in corporate philanthropy and
on the other hand were those that were non-
starters. Setting the bar too high might have
deterred the latter. Anyhow, most legislation
set minimum standards of conduct leaving
space for those who want to go beyond
compliance.
Given those challenges, the CSR legislation
can be thought of nothing less than a feat.
However, one of the five basic requirements
caused maximum debate and continues
to grab disproportionate attention, often
Introduction
04 ANNUAL
CSR TRACKER 2017
9. incorrectly articulated. Three of the five
basic requirements are related to board
responsibility of governing CSR. Another
requirement is to report or explain the
context set for overall corporate disclosure
requirements. The final requirement is
of recommendatory spend of two per cent
of profits that gets all the attention.
The CSR legislation is therefore often
misconstrued. Constant focus on two per
cent spend has made businesses vulnerable
to stakeholders expecting a share of the pie.
Companies too often focus on meeting that
minimum spend requirement at the cost of
the social impact that the spend is supposed
to achieve.
Disclosures in FY17 end scores this point.
Most of the companies that came under
the purview of Section 135 in 2017, have
managed to spend the money but
have missed to comply with the other
requirements. Hence there is a dip as
compared to FY16 in overall percentage
of companies complying on governance
parameters.
Some companies have begun to disclose
beneficiary data or impact data, which goes
beyond the requirements of the legislation.
This is certainly an indicator of improving
transparency, though the quality of that
data leaves much to be desired.
Alignment of business strategy is slowly
but surely happening. There is increased
transparency and keeping with the trend
of increasing disclosures, this year has
experienced improvement. While companies
keep exploring different areas of spends
under the umbrella of CSR legislation it is
time for businesses to trade competition
for collaboration in performing philanthropic
responsibilities and understand how a
company not just needs to engage in
CSR, but find ways to make the spends
meaningful and responsible so that they
resonate with the intent of law.
05CSR PERFORMANCE OF
COMPANIES IN FY17
10. CSR Legislation
Section 135 of the Companies Act, 2013
suggests that companies with an annual
turnover of Rs 1,000 crore and more, or
net worth of Rs 500 crore and more, or a
net profit of Rs 5 crore or more to spend at
least 2 per cent of their average net profits
of the previous three financial years on
CSR activities. The key elements of the
legislation are that any company that
falls into the above criteria does the
following:
1. Constitute a CSR committee of the board,
comprising three or more directors out
of which at least one director must be
an independent director.
2. Formulate and recommend a CSR policy
to the board.
3. The board of directors (Board) shall
ensure that the company spends, in
every financial year, at least 2 per cent
of its average net profit for the previous
three financial years, in fulfilment of
its CSR policy.
4. The ‘Director's Report’ of a company
covered under these rules pertaining
to a financial year commencing on or
after the 1st day of April 2014 shall
include an annual report on CSR activities
in the specified template. In case a
company fails to spend 2 per cent of its
profits, the board needs to specify the
reasons for the same.
According to the Act, ‘Corporate Social
Responsibility’ means and includes
but is not limited to: (i) Projects or
programmes relating to activities
specified in Schedule VII of the Act;
or (ii) Projects or programmes relating
to activities undertaken by the Board
in pursuance of recommendations of
the CSR committee of the Board as per
declared policy of the company subject
to the condition that such policy will
cover subjects enumerated in Schedule
VII of the Act.’
06 ANNUAL
CSR TRACKER 2017
11. Eradicating hunger, poverty and
malnutrition, promoting preventive
healthcare and sanitation and making
available safe drinking water Promoting education, including
special education and employment
enhancing vocational skills especially
among children, women, elderly,
and the differently-abled and
livelihood-enhancement projects
Health &
Sanitation
Education
& Skill
Development
Gender
Equality
Environment
& Ecology
National
Heritage,
Art &
Culture
Armed
Forces
Veterans
Sports
Development
Prime
Minister's
Relief Fund
Technology
Incubators
Rural
Development
Slum Area
Development
Promoting gender equality, empowering
women, setting-up of homes and hostels
for women and orphans; setting-up of old
age homes, day-care centres and such
other facilities for senior citizens and
measures for reducing inequalities faced by
socially and economically backward groups
Ensuring environmental
sustainability, ecological balance,
protection of flora and fauna, animal
welfare, agroforestry, conservation of
natural resources and maintaining
quality of soil, air and water
Protection of national heritage, art and
culture including restoration of buildings
and sites of historical importance
and works of art; setting-up of public
libraries; promotion and development
of traditional arts and handicrafts Measures for the benefit of
armed forces veterans, war
widows and their dependents
Training to promote rural sports,
nationally recognised sports,
paralympic and olympic sports Contribution to the Prime Minister's
National Relief Fund or any other fund
set up by the central government for
socio-economic development and relief
and welfare of the scheduled castes,
the scheduled tribes, other backward
classes, minorities and womenContributions or funds provided to
technology incubators located within
academic institutions which are
approved by the central government
Rural development projects
Slum area development projects
Schedule VII includes activities
07CSR PERFORMANCE OF
COMPANIES IN FY17
12. Annual CSR Tracker 2017 is based on disclosures on CSR of companies to ascertain the extent to
which they have complied with the legislation.
BSE provided a list of companies that fell within the ambit of the legislation. Total 1,601 companies
were listed with the BSE, out of which 1,522 companies (1,270 in FY16) including 53 state-owned
companies came up with their annual reports within the timeline; and the same were analysed for
CSR spent study.
Remaining companies were excluded for the following reasons:
1. Annual reports were not published by cut-off date; 6 December 2017.
2. Public sector banks governed by the RBI do not fall under the purview of the Companies Act, 2013.
Report boundaries
1. Annual CSR Tracker 2017 is limited to BSE-listed companies that fall under the purview of the
CSR legislation.
2. Information disclosed in annual reports for FY17 is included for analysis. Information contained
at sources other than annual reports is beyond the scope of Annual CSR Tracker.
Methodology
CESD analysed CSR disclosures of 1,522 companies, of which 53 were state-owned companies using
41 indicators across six key aspects:
Governance
Policy
Financials
Spend as per Schedule VII activities
Spend channels
Spend locations
08 ANNUAL
CSR TRACKER 2017
13. Analysis
1. Governance
Governance relates to two aspects:
• CSR committee: presence of board-level CSR committee, number of committee members, and
frequency of CSR committee meetings.
• CSR policy: presence of CSR policy, presence of CSR policy on company's website, and brief
description of CSR policy in the 'Director's Report'.
Figure 1 : % of companies with a board-level CSR committee in FY17
3.09
No (not mentioned
clearly in the report)
96.91
Yes
96.78% companies reported to have a board-level CSR committee in FY15. The percentage increased
to 98.66% in FY16 and then decreased to 96.91% in FY17. The analysis indicated that the decrease in
the percentage is mainly due to new companies included in FY17. The new companies are the ones
that are having to comply with the requirements of Section 135 of the Companies Act, 2013 for the
first time. This points to the possibility of lack of proper understanding of the legislative requirements
and overshadowing of the soft law of having to spend at least 2%.
09CSR PERFORMANCE OF
COMPANIES IN FY17
14. In FY17, of the companies with a board level CSR committee, 98.71% have an independent director
as a member of the CSR committee and about 47% have an independent director as the chair of
the CSR committee. There is no significant difference regarding the presence of an independent
director in the CSR committee in a span of three years.
In 2016, about 44%, and in 2015, about 46% of the companies with a board-level CSR committee,
had an independent director as the chair of the CSR committee.
In FY17, 3.09% companies either do not have or have not clearly mentioned the presence of a
CSR committee.
Figure 2: % of companies with a
CSR committee
2015 2016 2017 2015 2016 2017
Figure 3: Presence of independent
director in the companies
98.66
96.91
96.78
98.71
98.40
97.20
10 ANNUAL
CSR TRACKER 2017
15. Figure 4: CSR committee size
2015 2016 2017
Of the companies that have a board-level CSR committee, in FY17, about 99% have at least three
members which is mandated by law. About 32% of the companies have four or more committee
members. The statistics are similar to FY16. Whereas, in FY15 this proportion stood at 30%.
Moreover, one company in FY16 and three companies in FY17, respectively, reported to have only
two members in their CSR committee.
Number of members
in CSR committees
% of companies
0.20
67.46
22.85
6.71
1.97
Not mentioned 1.49 0.81
2
3
4
5
more than 5
0.00
68.77
21.61
5.16
2.97
0.08
66.24
23.46
6.86
2.23
1.12
11CSR PERFORMANCE OF
COMPANIES IN FY17
16. CSR Meetings
Of the total number of CSR meetings held in FY15, FY16 and FY17, the companies holding just one
meeting remained around 30% for all three years.
The percentage of companies that held four or five meetings remained more or less the same at
around 10% in FY16 and FY17, respectively.
In FY17, companies not conducting CSR meetings decreased to 3.25% from 3.75% in the previous
year. Moreover, this year, the proportion of companies that did not mention about CSR committee
meetings decreased to about 23% as against 31.32% in FY15. Further, in FY17, eight companies
reported to have met more than five times a year.
0 1 2 3 4 5 more than 5 Not mentioned
0.87
3.75
3.25
30.62
29.53
32.88
22.75
22.75
22.58
7.26
8.14
7.87
4.64
8.22
7.93
1.05
1.44
1.69
0.87
0.40
0.54
26.66
22.98
31.32
2015 2016 2017
Figure 5: Frequency of CSR committee meetings
12 ANNUAL
CSR TRACKER 2017
17. Figure 6: % of position of the CSR committee chair on the board
2015 2016 2017
In 2015, 31.67% of the companies had an executive director as CSR committee chair and this
number went up to 36.23% in 2016. Compared to this, in 2017, companies having an executive
director as the committee chair dropped to 33.29%.
In FY17, 47% of the companies had an independent director as the committee chair, which is an
increase of about three percentage points as compared to 43.97% in 2016. Moreover, in FY17,
about 60% of the PSEs have an independent director as CSR committee chair.
Also, across all the three years, about 2% and 3% of the companies did not disclose the role of the
CSR committee chair on the board.
Independent
director
Executive
director
Non-Executive
director
Not
mentioned
16.62 17.22
17.56
31.67
36.23
33.29
46.28
43.97
47.19
2.312.97 2.23
13CSR PERFORMANCE OF
COMPANIES IN FY17
18. 2. CSR Policy and Disclosure on Company’s Websites
About 94% of the companies reported to have a CSR policy in FY15. It increased to 95.28% in FY16
and further increased to 95.60% in FY17.
Moreover, 90.72% and 93.47% of the companies in FY15 and FY16, respectively, reported to have
disclosed the CSR policy on their websites.
In FY17, the proportion of companies that disclosed the CSR policy on the company website dropped
to 92.58% from 93.47% in FY16. The unproven hypothesis is that the companies not disclosing the
CSR policy on their website are unaware of the requirement. This tends to reinforce the possibility of
lack of proper understanding of the legislative requirements and the overshadowing of the soft law
of having to spend at least 2%.
Figure 7: CSR policy
2015 2016 2017
Companies with a CSR policy Companies with a CSR policy
disclosed on their website
93.99
95.28
95.60
90.72
93.47
92.58
14 ANNUAL
CSR TRACKER 2017
19. 3. Financials
Based on average net profit of last three years (FY14-16
to be used for arriving at the applicable 2 per cent
budget), Rs 9,680 crore was the required 2 per cent.
1,191 companies have collectively spent Rs 8,897
crore or 92% of the 2 per cent requirement in FY17.
1,201 companies out of the 1,522 companies in
the sample for this study, had a positive average
net profit in the last three financial years.
Of these 1,201 companies, 1,118 companies spent
on CSR.
1,191
Total number of companies
that spent on CSR
49
Of 1,191 companies,
are PSEs
4.95%
Loss-making
companies that have
spent on CSR: 59
93.87%
Profit-making
companies that
have spent on
CSR: 1118
91.92%
% of the prescribed
2% spent on CSR
74.09%
Budget
spent on CSR
1.18%
Average net profit
or loss of last three
years not mentioned
and spent on CSR: 14
9,679.71
Prescribed 2% CSR
Rs crores
12,008.96
Total Budget
Rs crores
8,897.48
Amount spent on CSR
Rs crores
8
92
FY16FY15
8
92
FY17
15CSR PERFORMANCE OF
COMPANIES IN FY17
20. CSR spends have increased by 9% in FY17 as compared to FY16
Of the 1,201 companies that were expected to spend on CSR:
• 1,118 companies have spent on CSR
Of these, 692 companies have spent at least 2%
420 companies spent less than 2%
Six companies have not specified their average net profit, and therefore whether they spent more
or less than 2% cannot be determined.
In both FY17 and FY16, about two-thirds of the PSEs spent at least 2% of their average net profit on
CSR as compared to only 37% in FY15.
Of the 1,191 companies that have spent on CSR, 49 are PSEs and their contribution amounts to 28%
(Rs 2,492 crore) of the total CSR spend (Rs 8,897 crore) in 2017. Of this, 88% is attributed to 13 PSEs.
Similarly, of 72% (Rs 6,406 crore) spent by non-PSEs in FY17; 50% is attributed to 16 companies.
•
•
•
Percentage of CSR spend by PSEs has been consistent over the past three years at an average of
about 30% of the total CSR spends.
Figure 8: % of CSR spends: Non-PSEs vs PSEs
2015 2016 2017
PSEs Non-PSEs
72.26%
67.84% 72.00%
27.74%
32.16%
28.00%
16 ANNUAL
CSR TRACKER 2017
21. Once again, education and healthcare received the maximum share of corporate funds together
amounting to about 60% of the total CSR spends in the year 2017. About 68% of companies invested
in health and sanitation in 2017 as compared to 69% in 2016 and 66% in 2015. Whereas, three-fourths
of the companies spent on education and skill development in FY17.
Four PSEs reported to have invested Rs 3.6 crore in Prime Minister’s National Relief Fund in 2017.
Figure 9: % of CSR spends (in Rs crore)
4. CSR Spends
FY15
30.61
27.15
10.34
10.10
9.15
7.15
1.97
1.05
0.01
0.74
1.67
0.07
FY16
33.93
29.97
11.46
6.36
6.10
6.08
1.89
1.38
0.98
0.97
0.70
0.12
0.07
0.01
FY17
33.51
25.18
11.16
9.70
6.59
4.23
2.72
2.27
2.09
0.37
1.87
0.25
0.04
0.01
Note: For data sets, please refer to Table A.1 in Annexure
17CSR PERFORMANCE OF
COMPANIES IN FY17
22. Figure 10: % of companies in each development area
FY17
74.98
67.51
31.82
22.92
20.57
19.56
15.87
13.43
11.92
10.92
3.78
2.27
1.09
0.25
FY16
0.99
1.38
1.58
7.79
10.36
11.74
14.40
16.17
19.23
23.27
23.37
29.98
68.74
72.88
FY15
15.23
13.44
8.85
8.85
1.57
1.34
66.29
29.34
23.85
19.04
16.24
70.55
0.00
0.00
Note: For data sets, please refer to Table A.4 in Annexure
18 ANNUAL
CSR TRACKER 2017
23. Spends across development areas
Health & Sanitation
Rs 2,240.16 crore was spent towards healthcare and sanitation. This includes activities like health camps,
medical facility provided by company, health/mobile medical vans, construction or repair of hospitals,
toilet construction, installation of safe drinking water units in school and villages. The amount spent
on healthcare and sanitation declined in 2017 as compared to 2016, by around 9 percentage points.
55 companies, including 13 PSEs spent Rs 164 crore towards Swachh Bharat Abhiyan; whereas 16
companies, including five PSEs reported to have invested Rs 150 crore in Swachh Bharat Kosh.
Education & Skill Development
In FY17, about three-fourths of the companies contributed one-third (Rs 2,981.95 crore) of total CSR
spends in education and skill development. Most of the companies supported vocational skills and
employment enhancing trainings.
None of the companies reported to have contributed to Pradhan Mantri Kaushal Vikas Yojana.
FY17 witnessed an increase of more than 50% in CSR spends compared to FY15. This could be attributed
to the importance given to skills development in the Union Budget 2016-17 where it was stated that
‘education, skills and job creation’ would make India a knowledge-based and productive society as
one of the 'nine pillars' that would transform the country. Finance Minister had announced the setting
up of 1,500 multi-skill training institutes and national board for skill development certification.
Gender Equality
In FY17, a total of Rs 242 crore was spent towards gender equality. Of this, about 27% is attributed
to 14 PSEs.
This year, percentage of companies contributing towards gender equality is similar to that in 2016.
However, this year there has been a substantial increase of 115% in the spend, which is about Rs
242 crore, as compared to the previous year.
Environment & Ecology
This area received 9.70% of the total CSR spend in 2017. The analysis indicates about 32% of the
companies have invested in environmental activities. CSR amount towards environmental activities
has increased by 66% amounting to Rs 863.29 crore as against Rs 520.20 crore in FY16. However, in
the year 2016, there was a decrease of 20% over spends in FY15. Further, about 24 per cent of the total
spent in FY17 is attributed to 40 PSEs.
Two companies reported to have contributed to Clean Ganga Fund amounting to Rs 0.81 crore, and
no company is reported to have spent in Clean Ganga Abhiyan.
National Heritage, Art & Culture
In FY17, CSR spends towards national heritage have gone up by almost 200% upto Rs 202 crore as
compared to FY15. A total of 130 companies invested in this area in 2017 whereas 79 companies did
so in 2015. Moreover, one PSE reported to have contributed to the Sardar Patel Rashtriya Ekta Trust.
It is worth noting that 112 non-PSEs contributed Rs 57 crore towards national heritage, whereas
18 PSEs spent Rs 144.72 crore.
19CSR PERFORMANCE OF
COMPANIES IN FY17
24. Armed Forces Veterans
There has been a contribution of Rs 33 crore towards Armed Forces Veterans. The lion's share of
investment made in this area is attributed to one of the leading companies in the IT industry, that is
Infosys. There has been a substantial increase as compared to 2016, where less than Rs 1 crore was
spent towards Armed Forces Veterans.
Sports Development
This year experienced big jump in the CSR spends towards sports development. 160 companies
spent Rs 167 crore, an increase of about 192% as compared to 2016 where 119 companies spent
Rs 57.08 crore.
Prime Minister's Relief Fund
In FY17, only 45 companies contributed about Rs 23 crore towards Prime Minister's Relief Fund.
There is a huge drop as compared to 2016 where 79 companies contributed Rs 80.55 crore to this
area and 120 companies contributed Rs 107.43 crore in 2015.
Technology Incubators
In FY17, the spend on technology incubators which is Rs 3.84 crore, has come down by as much as 60%
as compared to 2016, although the number of companies investing in this area remains the same.
Rural Development
11.16% (Rs 993 crore) of the CSR amount by 23% of the companies was spent towards
development of rural areas in FY17, which is similar to the spend in 2016. Of the total CSR
spends, 28% is attributed to PSEs.
Slum Area Development
In FY17, three companies namely, Divyashakti Granites Ltd, Jyothy Laboratories Ltd and Dewan
Housing Finance Corporation Ltd, have invested in slum area development amounting to less
than Rs 1 crore. This is a decline as compared to 2016 where ten companies reported to have
spent Rs 5 crore.
Administrative Overhead Expenses
Companies have begun to disclose CSR spends accounted as administrative expenses or overheads.
There was no such disclosure in FY15. Similar to FY16, this year too, close to two per cent of the total
spends (Rs 186 crore) have been accounted as administrative expenses or overheads which does not
fall under CSR spent criteria.
Others
CSR spent on activities other than 11 areas mentioned under Schedule VII activities are categorised
as ‘Others’. This includes contribution made towards corpus, chief minister fund, disaster relief
funds/material, CSR training to company staff, employee/staff contribution, miscellaneous,
consultancy fees, baseline assessment, impact assessment study, relief & rehabilitation activities
in the flood-affected areas, donation to trust for ‘Statue of Unity’, surgical aid of street and welfare
of abandoned animals, drought relief. The total spend in this category was Rs 375.97 crore.
20 ANNUAL
CSR TRACKER 2017
25. The overall increase in CSR spends in FY17 as compared to the previous year is 8.70% (shown as
dotted line). Development areas that show maximum increase in the CSR spends as against FY16
are sports development, national heritage, gender equality and environment. Armed forces veterans
stands out with an increase in spends of more than 3,700%. Whereas the areas where CSR spends dipped
are slum development, PM relief fund, technology incubation fund as well as health and sanitation.
Although, CSR spends towards rural development moved up by about 6%, the increase does not
commensurate with the overall increase in spends.
Figure 11: % change in CSR spends against overall change in FY17
Note: For data sets, please refer to Table A.2 in Annexure
-19.33
65.95
114.72
21.56
153.29
192.16
17.43
20.30
-24.48
-71.93
-59.28
-83.42
5.908.70%
0%
200%
21CSR PERFORMANCE OF
COMPANIES IN FY17
100%
50%
150%
-100%
-50%
3791.13
26. The above graph represents the relationship between the percentage change in number of companies
invested in and CSR spends in FY17 as against FY16.
In the area of health and sanitation, though the number of companies increased by about 23%,
the spend dipped by 19% in FY17. Gender equality saw a big jump in CSR spends, by about 115%,
whereas the increase in companies was around 26%. There was an increase in spend in the area of
national heritage by 153%, while the number of companies increased by about 24%.
In the area of armed forces veterans there was a massive jump in CSR spends of more than 3,700%,
accompanied by increase in the companies by 68.75%, in FY17.
This year, in the area of sports development, there was a 34.45% increase in the number of companies
accompanied by an increase in spend of about 192%. There was a decline of about 72% in the spend
with respect to the PM relief fund in FY17 and the decrease in number of companies was about 43%.
In FY17, in the area of rural development, though the number of companies increased by about 15%
increase in spend was not as much and stood at 6%.
% change in CSR spend % change in companies
Figure 12: CSR spends vis-à-vis percentage of companies
Health&Sanitation
Education&Skill
Development
GenderEquality
Environment
&Ecology
NationalHeritage,
Art&Culture
ArmedForces
Veterans
SportsDevelopment
PrimeMinister's
ReliefFund
TechnologyIncubators
RuralDevelopment
SlumAreaDevelopment
Administrative
OverheadExpenses
Others
Combinationofabove
200%
150%
100%
50%
0%
-50%
-100%
Note: For data sets, please refer to Table A.3 in Annexure
22 ANNUAL
CSR TRACKER 2017
3791.13
28. In FY17, about 30% of the total CSR spends in health and sanitation and 24% in education and skill
development are attributed to PSEs.
It is observed that sports development has received a significantly larger share of CSR investment
from PSEs in 2017 as compared to the past two years. It increased from Rs 15.28 crore in FY16 to
Rs 74.81 crore this year, which is a jump of about 390%.
At the same time, there is a significant drop of about 45% in CSR spend in the area of health and
sanitation by PSEs in FY17 as compared to FY16 (from Rs 1,194.89 crore in FY16 to Rs 659.27 crore in
FY17). This could be attributed to the launch of the Swachh Bharat Abhiyan and a major push given
to this initiative by the government in the previous years.
In the area of national heritage, PSEs spent Rs 144.73 crore in FY17 as compared to Rs 11.98 crore
in FY16, a massive rise of about 1100%. One PSE is reported to have contributed to the Sardar Patel
Rashtriya Ekta Trust.
The area of gender equality saw a rise of about 272% in spend by PSEs in FY17 in comparison
with FY16.
In FY17, four PSEs reported to have contributed Rs 3.59 crore to the PM's relief fund.
There is no CSR spend in the areas of technology incubation or slum development by a single PSE in
FY17. Moreover, slum development did not receive any funds from PSEs in the previous year either.
24 ANNUAL
CSR TRACKER 2017
29. Sustainable Development Goals (SDGs) mapped with Schedule VII activities
Schedule Sustainable Developmentin VII Total SDGs CSR spends
activities crore) Goals (SDGs number) covered FY17 (Rs crore)
Health &
Sanitation
4 2240.16
Education &
Skill Development
4 2981.95
Gender Equality 3 241.90
Environment
& Ecology
7 863.29
National Heritage 2 201.91
Armed Forces
Veterans
3 33.05
Sports
Development
2 166.78
PM elief undR F 7 22.61
25CSR PERFORMANCE OF
COMPANIES IN FY17
30. SDGs 1 and 9 are reflected in six CSR areas
SDGs 2, 3 and 4 are reflected in five CSR areas
SDG 6 is reflected in four CSR areas
SDG 8 is reflected in three CSR areas
SDGs 7, 10, 11, 13 and 15 are reflected in two CSR areas
SDG 5, 12 and 14 are reflected in one CSR area
Education and skills development, the major recipient of CSR spends in FY17, is mapped
with SDGs 1, 2, 4 and 8.
Health and sanitation, which received about one-fourth of the total CSR spends in FY17, is
mapped with SDGs 1, 2, 3 and 6.
Rural development, which received about 11% of the total CSR spends in FY17, is mapped
with SDGs 1, 2, 3, 4 and 9.
Environment & Ecology, which received 9.70% of the total CSR spends in FY17, is mapped
with SDGs 6, 7, 9, 11, 13, 14 and 15.
Technology
Incubation
Fund
3 3.84
Rural
Development
5 993.06
Slum
Development
7 0.91
26 ANNUAL
CSR TRACKER 2017
31. 5. Spend Channels
Companies use either one or a following combination of the given channels for CSR spends:
• Directly by the company Through the company
foundation
• • Through implementation
agencies
Figure 14 depicts the absolute number of companies using all the three channels or exclusively one channel
for CSR implementation. The remaining companies used a combination of two out of three approaches
for CSR spend. The disclosures does not provide precise information on the two channels used by
companies. Therefore, the figure does not specify the number of companies using exactly two channels.
There has been an increase of about 83% in FY17 as compared to FY16 in the number of companies
spending exclusively through corporate foundations as a channel for programme and project
implementation. Those using all the three channels has seen an increase of 36%.
Direct:
227
companies
Corporate
foundation:
110
companies
321
companies
Implementing
agency:
57
Companies used
all three modes
of CSR spend
72
60
110
249 251
321
56
42
57
233 227
227
Directly
by the company
only
Through their
Corporate Foundation
(or Trust) only
Through 3rd party
implementing
agency only
Companies used
all three modes of
CSR spend
Figure 14: CSR spend channels in FY17
2015 2016 2017
27CSR PERFORMANCE OF
COMPANIES IN FY17
32. 6. Geography/ Spend Locations
Assam
Dadra and
Nagar Haveli
Karnataka
Nagaland
Jammu & Kashmir
Maharashtra
Gujarat
West Bengal
Madhya
Pradesh
Haryana
Telangana
Odisha
Uttarakhand
Kerala
Chattisgarh
Jharkhand
Punjab
Bihar
Himachal Pradesh
Goa
Pondicherry
Tamil Nadu
Chandigarh
Manipur
Sikkim
Arunachal
Pradesh
Meghalaya
Tripura
Mizoram
Daman and Diu
Rajasthan
Delhi
Andhra Pradesh
1.280.78 1.34
4.93 6.61 7.56
10.19 11.05 12.43
15.12 14.79 16.88
21.28 23.3423.27
0 0.500.10
1.34 1.58 1.93
33.37 36.98 37.95
2.46 2.56 3.78
14.45 16.47 19.40
000
4.82 6.215.88
1.12 1.38 1.18
19.9016.91 23.57
12.54 11.83 12.85
7.28 10.16 10.33
6.61 7.89 8.90
5.04 5.33 6.05
4.82 5.13 4.95
0.34
0.69
0.92
11.53 13.02 14.11
0.56 0.991.18
0.34 0.69 0.50
0.78 1.18 1.51
0.34 0.79 0.76
0.67 1.08 1.18
3.81 4.24 5.12
0.671.281.18
4.14 5.33 5.63
13.10 15.19 14.61
14.22 17.75 17.55
6.49 7.99 7.98
2.80 4.73 4.53
8.96 3.35 3.19
Uttar Pradesh
10.97 10.65 12.09
0.11 0.20 0.25
Lakshadweep
All Over India
7.39
All Over India
9.86
All Over India
11.34
2015 2016 2017
Figure 15: % of companies
Note: For data sets, please refer to Table A.6 in Annexure
28 ANNUAL
CSR TRACKER 2017
Andaman and
Nicobar Islands
33. The industrialised states of Maharashtra, Gujarat and Tamil Nadu remained favoured destinations
for CSR investment, across all three years.
The trend in Maharashtra with maximum number of companies investing in CSR continues in FY17.
Pan-India investment has seen an increase of about 35% in 2017 as compared to the previous year.
135 companies invested Pan India as compared to 100 in 2016 and 66 in 2015, respectively.
The state of Goa has seen a significant jump in the number of companies investing in CSR, from
26 in FY16 to 45 in FY17—an increase of around Pan India 73%. This jump can be attributed to
industries such as other financial services, pharmaceuticals & biotechnology, consumer durables,
food beverages & tobacco and banks.
Other states apart from Northeast India, worth a mention; where there is a more than 30% increase
in the number of companies investing are Karnataka, Rajasthan, Madhya Pradesh, Odisha, Punjab,
Jharkhand, Goa and Haryana.
It has been observed that the CSR spend in Jammu and Kashmir dropped significantly in FY16 and
continued in the same vein in 2017 as well. This suggests that natural disaster which struck maybe
the reason for the spike in CSR spends in 2015.
It is to be noted that no company has invested in Lakshadweep in the past three years.
2015 2016
Maharashtra
Maharashtra
Gujarat
Tamil Nadu
Rajasthan
Karnataka
2017
Maharashtra
Tamil Nadu
Gujarat
Karnataka
Delhi/NCR
Gujarat
Karnataka
Delhi/NCR
Tamil Nadu
01
02
03
04
05
01
02
03
04
05
01
02
03
04
05
Figure 16: Top five states that received investment from maximum number of companies
29CSR PERFORMANCE OF
COMPANIES IN FY17
34. Mizoram
Manipur
Meghalaya
Nagaland
Arunachal Pradesh
Tripura
Assam
Sikkim
7 7
48
4 10
0 9
3 32 9
6 12
13
3 11
PSEs Non-PSEs
Figure 17: Number of companies spending in Northeast India in FY17
Assam in Northeast India, continued to receive maximum number of companies investing in the
state. Compared to the previous year, the total number of companies increased by more than 40%
of which 70% increase was led by Non-PSEs.
None of the Non-PSEs invested in Tripura in FY15, whereas nine Non-PSEs reported to have invested
in the state in FY17. Though the absolute number (nine) is still in single-digit the increase is a
whopping 267% as compared to FY15.
In Manipur, more than twice the number of Non-PSEs invested in CSR in FY17 as compared to FY16.
In FY17, none of the PSEs reported to have invested in Nagaland.
In sum, over the span of three years, northeast India received investment from 35% of the PSEs and
65% of the Non-PSEs.
24
28
48
1515
1313
1010
3
5
12
77
66
44
10
11
34
7
10
33
44
11
3
9
44
2233
2
3
55
33
33
77
77
551
4
7
Sikkim
2
6
9
22
11
Nagaland
3
3
3
Non-PSEs PSEs
2015 2016 2017
Figure 18: Number of companies invested in Northeast India
Note: For data sets, please refer to Table A.7 in Annexure
Assam
Meghalaya
Arunachal Pradesh
Mizoram Sikkim
Tripura Manipur
30 ANNUAL
CSR TRACKER 2017
35. 38 PSEs and 109 Non-PSEs, reported to have invested in Northeast India in FY17. Number of
companies investing in Northeast India increased by almost 120% in FY17 as against FY15.
From the trend of over three years, it appears that companies prefer to concentrate spends in one state
or union territory (UT). The preferred destination is the state of their operations. This overwhelming
preference is mainly attributed to single-location enterprises which are unlikely to have multi-million
rupees as CSR budgets. The ones with operations in multiple states are likely to be investing in two
or more states. Companies falling in this category are those with multi-million rupees as CSR budgets
as well as those with multi-state operations, including services companies. About 40% of the
companies, in all three years, preferred to invest in one state/UT and about four per cent in more
than 10 states/UTs.
45
40
35
30
25
20
15
10
5
0
1 2 3 4 5 6 7 8 9 10 more than
10 states
%ofcompanies
Number of states
In 2017, about 60% of the companies reported to have invested in either 1 or 2 states/ UTs. 64
companies invested in more than 10 states/UTs as against 27 companies in FY15. Further, 12
companies invested in more than 20 states/UTs in FY17.
2015 2016 2017
Figure 19: Percentage of companies investing in multiple states or union territories (excluding Pan India)
Note: For data sets, please refer to Table A.8 in Annexure
31CSR PERFORMANCE OF
COMPANIES IN FY17
36. The below graph excludes companies that have invested in combination of more than one
CSR area (in cases where separate numbers are not available), administrative/overheads and other
CSR areas.
*
Swachh Bharat Abhiyan and Swachh bharat kost have been
consolidated into one CSR area i.e Health and Sanitation
*
Clean Ganga Abhiyan and Clean Ganga fund have been
consolidated into one CSR Area i.e Environment & Ecology
2015 2016 2017
*
Figure 20: % of companies investing in multiple developmental activities
Number of development activites
1 2 3 4 5 or more
11.98
12.09
11.64
16.35
18.05
22.51
28.67
25.64
10.19
12.62
12.01
26.11
22.42
23.67
20.49
About 26% of the companies, in all three years, preferred to invest in one development activity and
about 11% in five or more development activities.
In FY17, about 45% of the companies reported to have invested in at least three development
activities as against 42% and 39% in FY16 and FY15, respectively.
Moreover, 143 companies invested in five or more development activities as against 128 and 91 in
FY16 and FY15, respectively.
Note: For data sets, please refer to Table A.9 in Annexure
32 ANNUAL
CSR TRACKER 2017
37. Figure 21: Industry-wise analysis of CSR spends
2015 2016 2017
Note: For data sets, please refer to Table A.10 in Annexure
(in %)
Automobiles & Auto Components
Banks
Capital Goods
Chemicals & Petrochemicals
Coal
Commercial Services & Supplies
Construction Materials
Consumer Durables
Diversified Consumer Services
Food, Beverages & Tobacco
Forest Materials
General Industrials
Hardware Technology & Equipment
Healthcare Equipment & Supplies
Healthcare Services
Hotels, Restaurants & Tourism
Household & Personal Products
Metals & Mining
Other Financial Services
Pharmaceuticals & Biotechnology
Software & Services
Telecom Services
Telecommunications Equipment
Textiles, Apparels & Accessories
Transportation
0 5 10 15 20 25 30
Diversified
Insurance
Media
Oil & Gas
Realty
Retailing
Utilities
33CSR PERFORMANCE OF
COMPANIES IN FY17
38. The major contributors to CSR spends in all three financial years are oil and gas,
software and services, utilities and metals and mining. Traditionally, these industries
were characterised by large profits, having a bearing on the absolute CSR spends.
But these industries are also subject to variations in macro-economic indicators
that impact profit as well as CSR spends. That is evident through their year-on-year
CSR spends. FY17 was not a good year for metals and mining, and utilities,
Similarly, auto industry is considered to be the barometer of economic health. The
growth in CSR spends for automobiles and auto components, in FY17 was 19.08% with
a simultaneous increase in number of companies by 10.71% as against FY16, whereas
CSR spends increased by more than 90% and the number of companies increased by
13.51% in FY16 as against FY15. This reflects the comparable slowdown in the auto
industry in FY17 as compared to FY16.
Disruption in the Indian telecom sector has had an impact on the CSR spends in
FY17. In telecommunications equipment, CSR spends increased by 113.02% along
with the increase in number of companies by 20% in FY16 as against FY15. Moreover,
in FY17 as compared to FY16, the number of companies increased by 16.67%
whereas the CSR spends decreased by 20%. Similarly, CSR spends in telecom
services declined by slightly over 14% despite an increase in telecom services
companies increasing by 22% .
Overall, the other industries where macro-economic factors, particularly
demonetisation impacted the CSR spends is evident in consumer durables,
diversified consumer services, food, beverages and tobacco, financial services,
and realty.
and has
therefore affected CSR spends. In utilities, the CSR spends increased by 91.31% in
FY16 as against FY15. The spends decreased by 24% in FY17 as against FY16.
In metals and mining, although the number of companies decreased by one-sixth,
the CSR spends increased by 11.46% in FY16 as against FY15. Further, in FY17 as
compared to FY16, while the number of companies increased by 38%, the CSR
spends decreased by 12.12%.
34 ANNUAL
CSR TRACKER 2017
39. According to Section 135, companies are required to disclose reasons for not spending 2% of the
average net profit of past three financial years. CESD categorises the reasons into four types. These
are: planning and implementation, monitoring & evaluation, financial, and others.
Most of the reasons fall within planning and implementation, with about 43% of the companies
comprising that category. The proportion was similar in FY16. 'finding the right project' continued to
be a challenge for about 17% of the companies. 3.43% of the companies provided more than one
reasons from the list for spending less than 2% of the requirement. Moreover, about 8.29% of
companies 'required more time to plan'.
13.57% (nine per cent in FY15 and 14% in FY16) of the companies did not disclose any reason for
underspend, which is not in compliance to requirements of Section 135.
Figure 22: Reasons for underspend or no spend in CSR
Note: For data sets, please refer to Table A.11 in Annexure
2015 2016 2017
35CSR PERFORMANCE OF
COMPANIES IN FY17
%ofcompanies
Planning & implementation Monitoring
& Evaluation
Financial Others
Requiremoretimetoplan
Didnotfindrightproject13.96
11.00
Requiremoretimefor
projectexecution
Multi-yearprojects
Pendingapprovalsfromthelocal/
concernedregulatoryauthorities
Lackofdocumentation
Projectcompletionreportnot
submittedbyimplementingagency
Insufficientfundsavailable
Previousyear'sCSRamountspentinFY17
Overbudgeted
4.93
7.55
12.00
2.79
0.33
1.00
0.16
5.42
6.00
0.33
10.67
14.00
0.16
1.00
Didnotfindright
implementingagency
2.63
4.00
11.66
35.00
8.29
2.86
16.86
7.43
4.86
2.86
0.57
0.71
5.57
0.57
0.14
Companydecision
Theunspentamountwasspentafter
31stmarch2017stillshownasspent
BuildingtheirCSRcapability
Averagenetprofitisnegative(madelosses)
8.00
0.14
0.29
23.86
Multiplereasons
5.54
6.40
3.43
18.06
40. Infrastructureincludesconstructionof toilets andinstallation ofdrinking waterfacility forschools andvillages, healthcamps, healthvan andambulanceservices, health
facility providedby company,construction ofhospitals andincreasedbed facility.
Conservation
and renovation
of school
buildings,
setting-uptraining/
vocational
centres, mobile
science labs,
formation of
SHGs, trainings
provided for
vegetable
cultivation.
Day-care
centres, setting-
up
of hom
es
and
hostels for
wom
en
and
orphans,
establishm
ent
of sewing
centres,
rehabilitation
centres for
young
m
others.
Agro-forestry,
conservation
ofnatural
resources,
environm
ental
sustainability,
m
aintaining
quality
ofsoil,
anim
alw
elfare,
m
aintaining
quality
ofw
ater,
protection
of
fauna,
protection
of
flora,renew
able
energy,w
ater
conservation,
ecological
balance,etc.
Infrastructure
includes
protection
ofnational
heritage,
restoration
ofbuildings,
setting-up
ofpublic
libraries,
and
prom
oting
traditional
artand
culture
Support
toarmed
forces:
augmenting
hostels
forgirl
children
Installing
boxingring,
organising
tournaments,
construction
ofsports
hostel,
buildingof
basketball
ground.
Disaster
relief
Supportto
Government
institutions
(IITsandIIMs)
Construction
ofcommunity
amenities,like
levellingand
repairingofroads,
distributionof
bicyclestoSC/ST
community,
constructionof
checkdams,
bridge,distribution
ofmosquito
nets,fertilisers,
seedsand
agricultural
toolsto
farmers,
animal
shelters.
Floodrelief,disasterreliefandcontributiontoCMrelief
fund
Nature ofactivities
Number of peoplebenefited
Number ofinfrastructure
created
CSR spendcorrespondingto output data(Rs Crore)
Total CSR spend(Rs Crore)
Number of companiesDisclosed data
1,43,83,262
1,69,041
977.33
2,240.16
135
40,64,995
35,129
1,675.68
2,981.95
161
4,26,825
16,929
54.06
241.90
26
23,36,68561,905
238.67
863.29
54
25,575
22
53.39
201.91
7
6
0
0.15
33.05
1
1,26,643
46
102.32
166.78
16
0
4,259
0.18
22.61
1
60
2
1.17
3.84
2
3,10,343
13,653
275.37
993.06
31
22,645
1,110
18.29
375.97
8
Figure 23: Impact Created
**This year 55,98,984 saplings were
planted by various companies.
Output/Beneficiary Data
36 ANNUAL
CSR TRACKER 2017
41. It was in FY16 that some companies began to disclose output data. 13% or 166 of 1,270 companies
making such disclosures, reflected going beyond legislative requirements and improving the quality
of disclosures.
This year, 189 companies out of 1,522 companies analysed, there is an increase of about 14% in
companies against FY16, that have disclosed impact data in their annual reports.
2.17 crore people benefitted from Rs 3,396.61 crore spent for which output data has been reported.
This averages to Rs 1,565.47 per person.
Most of these 189 companies have labelled the data as that of impact achieved because of their CSR
activities. Equipped with technical capabilities on impact measurements and social value created,
CESD has captured the data as output numbers and not impact created.
It is worth mentioning here that a few companies have disclosed impact in qualitative terms and not
assigned any numbers to it.
In the absence of any guidance on disclosures of outputs or impacts, companies chose to express it
in different ways. For analysis, output data were grouped into two categories: one in terms of people
in communities, and the other in terms of infrastructure created. For instance, number of people
benefited through activities such as education or health or skills training is captured as people
benefited, whereas number of schools or toilets constructed, number of health camps organised,
are captured as infrastructure created. The output data is then mapped with CSR spends of
companies that reported the output data.
37CSR PERFORMANCE OF
COMPANIES IN FY17
42. Table A.1 CSR spends
Annexure
CSR areas
Fy15
(Rs crore)
(% of total
CSR spend)
Fy16
(Rs crore)
Fy17
(Rs crore)
(% of total
CSR spend)
(% of total
CSR spend)
Health &
Sanitation
Education &
Skill Development
Gender Equality
Environment &
Ecology
National Heritage
Armed Forces
Veterans
Sports
Development
PM Relief Fund
Technology
Incubation Fund
Rural Development
Combination of
above
Others
Administrative/
Overhead expenses
Slum Development
1,748.896 27.15 2,776.85 33.93 2,240.16 25.18
1,971.67 30.61 2,453.07 29.97 2,981.95 33.51
127.03 1.97 112.66 1.38 241.90 2.72
650.82 10.10 520.20 6.36 863.29 9.70
67.45 1.05 79.71 0.97 201.91 2.27
0.82 0.01 0.85 0.01 33.05 0.37
47.61 0.74 57.08 0.70 166.78 1.87
107.43 1.67 80.55 0.98 22.61 0.25
4.24 0.07 9.44 0.12 3.84 0.04
666.36 10.34 937.75 11.46 993.06 11.16
589.33 9.15 499.04 6.10 586.02 6.59
460.29 7.15 497.84 6.08 375.97 4.23
154.64 1.89 186.03 2.09_ _
5.47 0.07 0.91 0.01_ _
38 ANNUAL
CSR TRACKER 2017
43. Table A.2 % change in CSR spends
% change in CSR spends
between FY15 and FY16
% change in CSR spends
between FY16 and FY17
Health & Sanitation 58.78 -19.33
Education & Skill Development 24.42 21.56
Gender Equality -11.31 114.72
Environment & Ecology -20.07 65.95
National Heritage 18.18 153.29
Armed Forces Veterans 3.59 3791.13
Sports Development 19.90 192.16
PM Relief Fund -25.02 -71.93
Technology Incubation Fund 122.67 -59.28
Rural Development 40.73 5.90
Slum Development did not capture in FY15 -83.42
Combination of above -15.32 17.43
Administrative/Overhead expenses did not capture in FY15 20.30
Others 8.16 -24.48
Total CSR spend 27.06 8.70
CSR areas
39CSR PERFORMANCE OF
COMPANIES IN FY17
44. Table A.3 CSR spends vis-à-vis percentage of companies
% change between
FY15 and FY16
% change between
FY16 and FY17
CSR spend Companies CSR spend Companies
58.78 17.74 -19.33 22.81
24.42 17.30 21.56 20.84
-11.31 43.38 114.72 25.64
-20.07 16.03 65.95 25.00
18.18 32.91 153.29 23.81
3.59 14.29 3791.13 68.75
19.90 50.63 192.16 34.45
-25.02 -34.17 -71.93 -43.04
122.67 16.67 -59.28 -7.14
40.73 39.41 5.90 15.19
-83.42 -70.00
-15.32 13.10 17.43 42.07
Did not
capture in
FY15
Did not
capture in
FY15
Did not
capture in
FY15
Did not
capture in
FY15
20.30 29.45
8.16 10.80 -24.48 -39.83
CSR areas
Health & Sanitation
Education & Skill
Development
Gender Equality
Environment & Ecology
National Heritage
Armed Forces Veterans
Sports Development
PM Relief Fund
Technology Incubation
Fund
Rural Development
Slum Development
Combination of above
Administrative/
Overhead expenses
Others
Combination of above
40 ANNUAL
CSR TRACKER 2017
45. Table A.4 Number of companies in each development area
FY16 FY17
Number
companies
of % of
companies
Number of
companies
% of
companies
697 68.74 804 67.51
739 72.88 893 74.98
195 19.23 245 20.57
304 29.98 379 31.82
105 10.36 130 10.92
16 1.58 27 2.27
119 11.74 160 13.43
79 7.79 45 3.78
14 1.38 13 1.09
237 23.37 273 22.92
164 16.17 233 19.56
10 0.99 3 0.25
146 14.40 189 15.87
FY15
Number of
companies
% of
companies
592 66.29
630 70.55
136 15.23
262 29.34
79 8.85
14 1.57
79 8.85
120 13.44
12 1.34
170 19.04
145 16.24
- -
- -
213 23.85 236 23.27 142 11.92
CSR areas
Health &
Sanitation
Education &
Skill Development
Gender Equality
Environment &
Ecology
National Heritage
Armed Forces
Veterans
Sports
Development
PM Relief Fund
Technology
Incubation Fund
Rural
Development
Combination of
above
Others
Administrative/
Overhead expenses
Slum
Development
41CSR PERFORMANCE OF
COMPANIES IN FY17
54. Table A.11 Reasons for underspend or no spend on CSR
Justification for not spending the 2% Number of companies % of companies
Did not find right project 118 16.86
Not mentioned 95 13.57
Require more time for project execution 52 7.43
Previous year's CSR amount spent in FY17 4 0.57
Average net profit is negative (made losses) 167 23.86
Require more time to plan 58 8.29
Pending approvals from the local/concerned
regulatory authorities
20 2.86
Insufficient funds available 39 5.57
Did not find right implementing agency 20 2.86
Company decision 56 8.00
Lack of documentation 4 0.57
Multiyear projects 34 4.86
Multiple reasons from the list 24 3.43
Project completion report not submitted by
implementing agency
5 0.71
The unspent amount was spent after
31st March 2017 still shown as spent
1 0.14
Building their CSR capability 2 0.29
Over budgeted 1 0.14
50 ANNUAL
CSR TRACKER 2017
55.
56. Confederation of Indian Industry
The Mantosh Sondhi Centre
23, Institutional Area, Lodi Road, New Delhi – 110 003 (India)
Email: info@cii.in | Web: www.cii.in
The Confederation of Indian Industry (CII) works to create and sustain an environment conducive
to the development of India, partnering industry, Government, and civil society, through advisory
and consultative processes.
CII is a non-government, not-for-profit, industry-led and industry-managed organization, playing
a proactive role in India's development process. Founded in 1895, India's premier business
association has over 8,500 members, from the private as well as public sectors, including SMEs
and MNCs, and an indirect membership of over 200,000 enterprises from around 265 national
and regional sectoral industry bodies.
CII charts change by working closely with Government on policy issues, interfacing with thought
leaders, and enhancing efficiency, competitiveness and business opportunities for industry
through a range of specialized services and strategic global linkages. It also provides a platform
for consensus-building and networking on key issues.
Extending its agenda beyond business, CII assists industry to identify and execute corporate
citizenship programmes. Partnerships with civil society organizations carry forward corporate
initiatives for integrated and inclusive development across diverse domains including affirmative
action, healthcare, education, livelihood, diversity management, skill development,
empowerment of women, and water, to name a few.
As a developmental institution working towards India’s overall growth with a special focus on
India@75 in 2022, the CII theme for 2017-18, India@75: Inclusive. Ahead. Responsible
emphasizes Industry's role in partnering Government to accelerate India's growth and
development. The focus will be on key enablers such as job creation; skill development and
training; affirmative action; women parity; new models of development; sustainability; corporate
social responsibility, governance and transparency.
With 67 offices, including 9 Centres of Excellence, in India, and 11 overseas offices in Australia,
Bahrain, China, Egypt, France, Germany, Iran, Singapore, South Africa, UK, and USA, as well as
institutional partnerships with 355 counterpart organizations in 126 countries, CII serves as a
reference point for Indian industry and the international business community.