CII has envisaged a national movement for mainstreaming Corporate Social Responsibility (CSR) for sustained inclusiveness as part of its social development agenda. The Indian Industry has been working towards social development by engaging with the government, community and civil society.
As part of the advocacy agenda, CII has been working with the Government to draft and strengthen the CSR legislation and develop National Voluntary Guidelines. The CSR legislation has given a new impetus to CSR activities in India. The August issue of CII Policy Watch focuses on Corporate Social Responsibility.
Fiinovation Dnote Xpress, Issue #10, Jan 2015Fiinovation
#DNoteXpress : Culture of CSR
Dear Reader,
We are pleased to share with you that the 10th issue of “DNote Xpress” is out.
To find out what's new in this edition, please click - http://bit.ly/1LjtG2A
Bangladesh is one of the world’s poorest countries. That’s why the CSR activities is very much important of this country in different areas.
There are so many company or industries are present in the country which contributes a lot of donation in different areas and private bank is one of them and the contribution by commercial banks to CSR activities is very significant in different areas such as:
health sector,
education sector,
disaster management,
Sports,
A Handbook on Corporate Social Responsibility in India developed by CII and PWC has been released at the CII National CSR- CSO Bridge 2013. The Handbook, brought out against the backdrop of the recently passed Companies Bill, which necessitates the provision of 2 percent spend on CSR, is a guidance document for industry for (a) Facilitate development of CSR mandate within organisations and help streamline dialogue within the industry (b) Provide a framework that companies can use to plan and implement CSR activities by addressing the ‘why CSR’ and ‘How to put CSR into action.’ (c) Help industry in identifying NGO partners for CSR implementation.
CII has envisaged a national movement for mainstreaming Corporate Social Responsibility (CSR) for sustained inclusiveness as part of its social development agenda. The Indian Industry has been working towards social development by engaging with the government, community and civil society.
As part of the advocacy agenda, CII has been working with the Government to draft and strengthen the CSR legislation and develop National Voluntary Guidelines. The CSR legislation has given a new impetus to CSR activities in India. The August issue of CII Policy Watch focuses on Corporate Social Responsibility.
Fiinovation Dnote Xpress, Issue #10, Jan 2015Fiinovation
#DNoteXpress : Culture of CSR
Dear Reader,
We are pleased to share with you that the 10th issue of “DNote Xpress” is out.
To find out what's new in this edition, please click - http://bit.ly/1LjtG2A
Bangladesh is one of the world’s poorest countries. That’s why the CSR activities is very much important of this country in different areas.
There are so many company or industries are present in the country which contributes a lot of donation in different areas and private bank is one of them and the contribution by commercial banks to CSR activities is very significant in different areas such as:
health sector,
education sector,
disaster management,
Sports,
A Handbook on Corporate Social Responsibility in India developed by CII and PWC has been released at the CII National CSR- CSO Bridge 2013. The Handbook, brought out against the backdrop of the recently passed Companies Bill, which necessitates the provision of 2 percent spend on CSR, is a guidance document for industry for (a) Facilitate development of CSR mandate within organisations and help streamline dialogue within the industry (b) Provide a framework that companies can use to plan and implement CSR activities by addressing the ‘why CSR’ and ‘How to put CSR into action.’ (c) Help industry in identifying NGO partners for CSR implementation.
Present Scenario of Corporate Social Responsibilities in BangladeshMasum Hussain
The purpose of business is to make money. However, the profit motive is sometimes viewed as less than virtuous because it emphasizes self-interest. Nevertheless, self-interest is not the same as selfishness, which emphasizes one's own interests at others' expense. Self interest is simply a concern for financial reward and is arguably necessary if society is to be maximally productive and efficiently allocate its resources. Business is an inseparable and embedded part of the society. In addition to its economic role in society, business also has several other roles and responsibilities towards society viz. responsible conduct of business activities while pursuing economic gains; the social and environmental responsibilities of the business towards its stakeholders; and business’s contributions that would benefit the society at large. Companies around the globe are recognizing the importance of engaging in Corporate Social Responsibility (CSR) that is crucial to their survival and growth. It is evident that when an organization integrates appropriate CSR practices in its strategy that embed the societal and environmental concerns, these practices undoubtedly bring tangible benefits to the business along with a sustainable competitive advantage.
It is mandatory for companies to conform to the legal responsibilities as they are prescribed by law. So, organizations have no alternative but to comply with the basic law of the land. On the other hand, Ethical responsibilities of corporations are taken as additional responsibilities going beyond legal compliance and profit making and include those that firms believe are the right things to do. Ethical responsibility originates from humanistic, religious and moral orientation of corporations. The voluntary responsibilities to the society refer to the discretionary nature of obligations rooted in the altruistic principles which are not required by law. The motivation for such sense of responsibilities arises from the reciprocal obligation of giving back to the society in exchange of profit and power that companies receive from society. This school of thought gave rise to CSR which is seen as continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce, their families, local community, and society at all, including the environment. Even though Bangladesh is one of the world’s poorest countries, CSR activities in Bangladesh have risen significantly in importance. It is believed that the interest in CSR initiatives in Bangladesh has been fueled by MNCs’ global activities.
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"
Presentation prepared based on the Section 135 of the Companies Act, 2013 , Companies (Corporate Social Responsibility Policy) Rules, 2014 and Revised Schedule VII of the CA 2013.
21% of Indian Consumers demand CSR Activities in support of Health and Diseases over Poverty. To know more, check over CSR and Cause Market Study of India 2015.
CSR at TATA Motors and Wipro_MMS_finance_03_social_projectABIAUGUSTINE1
This project report is the result of the learnings and techniques adopted by Abi Augustine during his winter project program which is a subject of Mumbai University MMS Semester IV.
The inspiration for this project titled “A Case Study On The Corporate Social Responsibility Of The Selected Indian Companies’’ is to study about the Corporate social responsibility of the selected Indian Companies and to make a highlight of the activities done by them in 2019 and also to make a comparison between the two.
Corporate Social Responsibility prevailed in India for a long time but it was considered as a part of philanthropy or charity. With the advent of Corporate Social Responsibility provisions, it has got the legal framework and is become a duty of the corporates to give back from the profits to the society, for the betterment and improvement of the society. With due consideration to the fact that “profitability” is the primary force and motivation for all the development on this front. Due to this the cut-throat competition increased between business and to then differentiate themselves companies are using the Corporate Social Responsibility provision to create a brand image and to gain loyal customers by putting light on the initiatives taken by them and how they are giving back to the society. Companies cannot rule out the fact that they survive because of the society and therefore equivalent importance should be given to the society as they do to their businesses. Thus the study has revealed that companies use their Corporate Social Responsibility policy to increase their profits.
Tata Motors and Wipro Limited
Corporate Social Responsibility in the Banks of Bangladesh in Context of Prem...Aminul Islam
The Internship Report entitled “Corporate Social Responsibility in the Banks of Bangladesh in Context of Premier Bank, Bangladesh”, has been submitted to the department, in partial fulfilment of the requirements for the degree of Bachelor of Business Administration, Major in International Business, Faculty of Business Administration on 5th August, 2014 by, Md. Aminul Islam, ID: 47. The report has been accepted for evaluation
The purpose of business is to make money. However, the profit motive is sometimes viewed as less than virtuous because it emphasizes self-interest. Nevertheless, self-interest is not the same as selfishness, which emphasizes one's own interests at others' expense. Self interest is simply a concern for financial reward and is arguably necessary if society is to be maximally productive and efficiently allocate its resources. Business is an inseparable and embedded part of the society. In addition to its economic role in society, business also has several other roles and responsibilities towards society viz. responsible conduct of business activities while pursuing economic gains; the social and environmental responsibilities of the business towards its stakeholders; and business’s contributions that would benefit the society at large. Companies around the globe are recognizing the importance of engaging in Corporate Social Responsibility (CSR) that is crucial to their survival and growth. It is evident that when an organization integrates appropriate CSR practices in its strategy that embed the societal and environmental concerns, these practices undoubtedly bring tangible benefits to the business along with a sustainable competitive advantage.
Present Scenario of Corporate Social Responsibilities in BangladeshMasum Hussain
The purpose of business is to make money. However, the profit motive is sometimes viewed as less than virtuous because it emphasizes self-interest. Nevertheless, self-interest is not the same as selfishness, which emphasizes one's own interests at others' expense. Self interest is simply a concern for financial reward and is arguably necessary if society is to be maximally productive and efficiently allocate its resources. Business is an inseparable and embedded part of the society. In addition to its economic role in society, business also has several other roles and responsibilities towards society viz. responsible conduct of business activities while pursuing economic gains; the social and environmental responsibilities of the business towards its stakeholders; and business’s contributions that would benefit the society at large. Companies around the globe are recognizing the importance of engaging in Corporate Social Responsibility (CSR) that is crucial to their survival and growth. It is evident that when an organization integrates appropriate CSR practices in its strategy that embed the societal and environmental concerns, these practices undoubtedly bring tangible benefits to the business along with a sustainable competitive advantage.
It is mandatory for companies to conform to the legal responsibilities as they are prescribed by law. So, organizations have no alternative but to comply with the basic law of the land. On the other hand, Ethical responsibilities of corporations are taken as additional responsibilities going beyond legal compliance and profit making and include those that firms believe are the right things to do. Ethical responsibility originates from humanistic, religious and moral orientation of corporations. The voluntary responsibilities to the society refer to the discretionary nature of obligations rooted in the altruistic principles which are not required by law. The motivation for such sense of responsibilities arises from the reciprocal obligation of giving back to the society in exchange of profit and power that companies receive from society. This school of thought gave rise to CSR which is seen as continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce, their families, local community, and society at all, including the environment. Even though Bangladesh is one of the world’s poorest countries, CSR activities in Bangladesh have risen significantly in importance. It is believed that the interest in CSR initiatives in Bangladesh has been fueled by MNCs’ global activities.
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"
Presentation prepared based on the Section 135 of the Companies Act, 2013 , Companies (Corporate Social Responsibility Policy) Rules, 2014 and Revised Schedule VII of the CA 2013.
21% of Indian Consumers demand CSR Activities in support of Health and Diseases over Poverty. To know more, check over CSR and Cause Market Study of India 2015.
CSR at TATA Motors and Wipro_MMS_finance_03_social_projectABIAUGUSTINE1
This project report is the result of the learnings and techniques adopted by Abi Augustine during his winter project program which is a subject of Mumbai University MMS Semester IV.
The inspiration for this project titled “A Case Study On The Corporate Social Responsibility Of The Selected Indian Companies’’ is to study about the Corporate social responsibility of the selected Indian Companies and to make a highlight of the activities done by them in 2019 and also to make a comparison between the two.
Corporate Social Responsibility prevailed in India for a long time but it was considered as a part of philanthropy or charity. With the advent of Corporate Social Responsibility provisions, it has got the legal framework and is become a duty of the corporates to give back from the profits to the society, for the betterment and improvement of the society. With due consideration to the fact that “profitability” is the primary force and motivation for all the development on this front. Due to this the cut-throat competition increased between business and to then differentiate themselves companies are using the Corporate Social Responsibility provision to create a brand image and to gain loyal customers by putting light on the initiatives taken by them and how they are giving back to the society. Companies cannot rule out the fact that they survive because of the society and therefore equivalent importance should be given to the society as they do to their businesses. Thus the study has revealed that companies use their Corporate Social Responsibility policy to increase their profits.
Tata Motors and Wipro Limited
Corporate Social Responsibility in the Banks of Bangladesh in Context of Prem...Aminul Islam
The Internship Report entitled “Corporate Social Responsibility in the Banks of Bangladesh in Context of Premier Bank, Bangladesh”, has been submitted to the department, in partial fulfilment of the requirements for the degree of Bachelor of Business Administration, Major in International Business, Faculty of Business Administration on 5th August, 2014 by, Md. Aminul Islam, ID: 47. The report has been accepted for evaluation
The purpose of business is to make money. However, the profit motive is sometimes viewed as less than virtuous because it emphasizes self-interest. Nevertheless, self-interest is not the same as selfishness, which emphasizes one's own interests at others' expense. Self interest is simply a concern for financial reward and is arguably necessary if society is to be maximally productive and efficiently allocate its resources. Business is an inseparable and embedded part of the society. In addition to its economic role in society, business also has several other roles and responsibilities towards society viz. responsible conduct of business activities while pursuing economic gains; the social and environmental responsibilities of the business towards its stakeholders; and business’s contributions that would benefit the society at large. Companies around the globe are recognizing the importance of engaging in Corporate Social Responsibility (CSR) that is crucial to their survival and growth. It is evident that when an organization integrates appropriate CSR practices in its strategy that embed the societal and environmental concerns, these practices undoubtedly bring tangible benefits to the business along with a sustainable competitive advantage.
In this advanced development session we will review how to create structured data for your WordPress website by using Custom Post Types, Custom Taxonomies, and Custom Fields.
Social Enterpreneurship: A Form of Social Responsibility in Indiaprofessionalpanorama
The social and economic hardships in India can be overcome through the innovation and
promotion of best practices and positive models as well as by spreading good examples of
social entrepreneurship and social responsibility. A major future challenge is not the proper
implementation of 2% Corporate Social Responsibility mandate but to ensure contribution of
businesses to reduce the problems and work for the betterment of the society by sustainable
means. The paper highlights the importance of social entrepreneurial ideas for improving the
business climate in the country. Social entrepreneurship is becoming a popular form of social
responsibility and a way to solve a variety of urgent social problems. In order for a society to
boost social entrepreneurship, it needs a specific environment where such ideas can emerge
and develop into an active business models. This paper aims to provide a comprehensive
literature review of terms social responsibility and social entrepreneurship. It also examines
the current social entrepreneurship activities in India. The paper concludes that social
entrepreneurship has a better impact and more desirable than Corporate Social
Responsibility.
Samhita launched a landmark report on corporate social responsibility (CSR) supported by The Rockefeller Foundation. This study was conducted to ascertain the current state of play of CSR, key challenges and opportunities and the ‘calls-to- action’ that can make the vision of the Companies Act, 2013 a reality.
Understanding Corporate Social Responsibility
Corporate Social responsibility (CSR) is the continuing commitment by businesses to integrate social and environmental concerns in their business operations. Changes in the global environment increasingly challenge businesses around the world to look beyond financial performance. It also challenges the business to integrate social and environmental concerns into their strategic management.
CSR or Corporate Social Responsibility is a well-known concept and a globally recognized practice today. Though the term was coined first in 1953, it has gained momentum in the last one or two decades. India is leading the way if we analyze the current scenario. While CSR is a voluntary activity or is fragmented across multiple statutory requirements worldwide, India is the first nation to mandate it through the provisions of Companies Act 2013 and Companies (CSR Policy) Rules, 2014. India is also among the first few nations to establish a Social Stock Exchange which is expected to facilitate utilization of CSR funds in a more effective and disciplined manner.
From Philanthropy to Mandatory CSR: A Journey towards Mandatory Corporate So...inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
In India from ancient time social responsibility is known as social duty or
charity, which is changing its nature in broader aspect, known as
Corporate Social Responsibility. Corporate Social Responsibility is defining
as a concept whereby companies integrate social and environmental
concerns in their business operations and in their interaction with their
stakeholders on a voluntary basis. Now a day’s organisations have realised
that ultimate goal is not profit making besides this trust building is viable
and assert able with societal relationship. Many of the leading companies
had realised the importance of being associated with social relevant causes
as a means of promoting their brand. Though, Indian companies are
practicing the Corporate Social Responsibility for decades but still it is at
its growth. A lack of understanding, inadequately trained personnel, policy
etc further adds to the reach and effectiveness of Corporate Social
Responsibility programs. This paper tries to focuses on the present status of
Corporate Social Responsibility in India.
Keywords: Corporate Social Responsibility, Organisations, Companies Act, Charity.
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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
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Autonomous Action
http://Avtonom.org
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http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
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https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
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https://abc38.noblogs.org/
Send mail to prisoners from abroad:
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Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
Understanding the Challenges of Street ChildrenSERUDS 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
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- 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.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
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Recommendatory report based on a study on emerging trends of csr in india
1.
2. Recommendatory Report based on a study on Emerging
Trends of CSR in India
Prabhat Chalmeti1
Varun Kumar Kadambala2
1
Summer Intern, Helpage India, Cochin
2
Summer Intern, Helpage India, Cochin
Abstract: The idea of Corporate Social Responsibility (CSR) has been through a lot changes
and reached to what it is today. This report aims to explain the highlights of our research
paper “Corporate Social Responsibility: Emerging Trends in India – A Descriptive Study”
and explain some major problems of CSR and Companies Act, 2013. This report has not
only presented some excellent ideas of fund raising, but also gave in some new initiatives
Helpage India can work on in the coming future.
I. Introduction
As a part of our project, we worked on a research paper titled “Corporate Social
Responsibility: Emerging Trends in India – A Descriptive Study”. While working
on the project we referred so many other research journals and online content. We
went through a lot of material studying about how the definition of CSR has changed
in years and how it reached its current meaning. How the opinions of companies
varied on the concept of CSR and how companies carried out their initiatives. We
also came to know different kinds of initiatives taken up by different corporations as
part of their CSR campaign and what role NGOs played in these initiatives. This
recommendatory report is based on the knowledge we gained we through this study.
The report will help Helpage India not only understand the present scenario of CSR
in the Indian market, but also come up with new initiatives to serve for the cause. In
the end we also mentioned a few ideas we came up as we worked on this paper.
These ideas will help Helpage India in fundraising programs and also implement
new initiatives in future.
II. Findings of our study
In the 1950s the primary focus was on businesses' responsibilities to society and
doing good deeds for society. In the 1960s key events, people and ideas were
instrumental in characterizing the social changes ushered in during this decade. In
the 1970s business managers applied the traditional management functions when
dealing with CSR issues, while, in the 1980s, business and social interest came closer
and firms became more responsive to their stakeholders. During the 1990s the idea
3. of CSR became almost universally approved, also CSR was coupled with strategy
literature and finally, in the 2000s, CSR became definitively an important strategic
issue.
III. Few Noted Helpage CSR activities from the news
As a part of this study, we went through a lot of online material studying recent CSR
activities of various organizations. The below mentioned are a few of those actively
involving Helpage India.
1. Legal and General, a UK based company donated Rs.23 Lakhs to Helpage
India for mobile medical units.
2. National Small Industries Corporation Ltd., joined hands with Helpage India
as part of CSR activity for the F.Y 2013-14. As a part of the deal, the
Corporation agreed that the cost of running MMUs will be funded by NSIC
for one year.
3. Tangerine, a designer brand for home solutions, has got on board a string of
Bollywood celebrities to autograph on its bedroom makeover accessories as a
corporate-social-responsibility initiative. For every one celebrity signature,
the brand donated twenty five bed sheets to non- governmental organizations
like Help Age India and Silver Inning Foundation.
4. Snapdeal, an e-commerce company in India started the “Snapdeal Sunshine”
program as part of which the customers allowed to donate products of the site
to various NGOs. Helpage India was a part of this collaboration.
5. Students of Kids Planet School, Akhnoor, Jammu raised a fund amounting to
Rs.84, 000 for Helpage India in May this year.
6. MV International School, Jammu handed a collection cheque of Rs.76, 379 to
Helpage India in February this year.
7. Students of Humanity Public School have raised a fund of Rs.65, 000 for
Helpage India in October last year.
8. Students of RS Jagriti Niketan School raised a fund of Rs.60, 000 for Helpage
India in November last year.
IV. Problems of CSR
Thought the practice of CSR gas grown by leaps and bounds in the recent years,
there have always been some major issues with this tradition. Some of the issues we
realized as we worked on our project are mentioned below.
4. The concept of corporate social responsibility is based on the basic principle
of no harm – “If you can do no good, cause no harm”, as mentioned by Mr.
TK Arun at an event organized by Economic Times.
Social responsibility works better as a person centric idea, because of the
involvement of feelings and emotions. But CSR being a company-centric-idea
resulted in initiatives that benefited the companies more than the society.
Many companies offer to give CSR money as a reimbursement to NGOs. Had
the NGOs had the money to carry out their activities, they would have never
approached the corporates. But the companies always fail to realize this fact.
Many companies impose service tax and TDS on NGOs, and also demanding
for 100% tax exemption certificates while most of the NGOs are only capable
of providing with 80G tax benefits. There has always been a chaos of these
concepts.
Companies establish corporate foundations as part of their CSR activity. This
turns out to be just a transfer of funds from one side of the balance sheet to
another most of the cases. The corporates use these foundations as what is
commonly referred to “tax cover”.
Companies providing CSR activities to cover up their bad business practices.
In such cases, these initiatives only act as a Band-Aid to damage the
companies have caused to the society. This calls up to new campaign of
business responsibility before social responsibility.
V. Limitations of the Companies Act
The Companies Act, 2013 doesn’t mention senior citizens as one of the
beneficiaries of the corporate social responsibility (CSR) obligation of public
and private sector companies
The Act does not prescribe any penal provision if a company fails to spend
the stated amount on CSR activities. The Board will need to explain reasons
for non-compliance in its report.
The threshold limit of Rs.5 crores net profit for applicability of CSR
requirements seems, in comparative terms, to be on the lower side vis-à-vis
net worth and turnover thresholds of Rs.500 crores and Rs.1,000crores
respectively. This may result in companies getting covered under CSR even
when they do not meet net worth/turnover criteria.
5. It is not absolutely clear whether a company will need to create a provision in
its financial statements for the unspent amount if it fails to spend 2% on CSR
activities in a particular year.
VI. Recommendations
Helpage is one the leading and most active NGOs working for the cause of
upliftment of the elderly. Based on the findings of our research and above stated
content, we would like to make some recommendations on the further initiatives
Helpage India can engage in. These recommendations include ideas other than just
fund raising.
New Movements:
o Helpage India can join hands with other NGOs working in different
areas and start the campaign of ‘Responsible Business.’ Such initiatives
might bring in some better corporate engagements for the organization
and also help reduce the damage caused by some corporations to the
society and environment.
o Helpage India can join hands with different social societies and start a
new protest pressurizing the government to add senior citizens as
beneficiaries to the already existing beneficiaries of CSR according the
section 135 of Companies Act, 2013.
Corporate Associations
o Helpage India can partner with the already existing corporate
foundations and engage them with the already existing Helpage
initiatives and programs.
o Helpage India can approach newly emerging companies to establish
corporate foundation for the cause of the upliftment of the elderly and
partner with them.
o Helpage India can make research studies on existing CSR activities
aimed at elderly care and associate with the concerned companies.
Example, The head of CSR activities of IBM in Asia region gave a
statement last November about their interest in contributing to elderly
care. Helpage India can approach this company for tie-ups. Helpage can
also join hands with the Deloitte’s Well Being Program (WBP), another
initiative aimed at elderly care.
NGO Partnerships
6. Companies would always prefer to donate for cause that serves benefits to
more sections of the population.
o Helpage India can join hands with other existing NGOs of the same
area and conduct studies on elderly issues. Such programs will increase
the scope of starting new initiatives that have more impact on the cause.
o Helpage India can also join hands with NGOs working in different areas
and conduct studies in areas where the two causes meet each other. This
will help in making initiatives that serve both the causes. Example,
Helpage India can join hands with some child care organization to start
a program through which children at adolescence stages can interact
with the experienced elderly. Such programs will provide will benefit
both the parties.
Associate with schools and colleges
o As we can clearly see from the news, schools have been very important
contributors to the cause. But this trend is observed more in the northern
part of India and very less in south India. Helpage India can spread this
program to south India and raise funds from schools.
o During the admissions season, Helpage India can approach institutions
to add an option of donating nominal amounts to Helpage India in their
fees form. This program will help Helpage raise huge funds and also
spread awareness about the cause.
o Almost every reputed university in India have a student club
contributing to social causes, like BITS Pilani has Nirmaan Club.
Helpage India can partner with such clubs and conduct events at their
college fest to increase awareness and fund raising.
o Helpage India can also accept interns from such universities to conduct
research studies which benefit the organization
Corporate Fund Raising
o Helpage India can partner with a payment portal to add an Rs1/2
donation tab to their portal. This idea can also be extended to other
shopping malls and newly established Uber facilities.
o Similarly, Helpage India can approach a bank to donate to donate INR
1 or 2 for every transaction happening on a particular day like World
Elders day or World Elder Abuse Awareness Day.
o Helpage can approach e-commerce sites like Amazon and Flipkart for
partnerships. As part of this program, Helpage India can add a tab on
the website that leads to the e-commerce site. The company can have a
7. pact to donate certain percentage of profit for every product bought
through this link.
o Helpage India can approach companies to donate their products as a
part of the product-release campaign. For example Helpage can
encourage the company to organize a signature campaign at their
product-launch event provide a certain number of entities for every
signature they receive.
o Huge clothing and footwear companies like Adidas and Reebok etc.
reject their products for simple faults like missing a threads etc.
Generally these products go to the second-hand market. Helpage India
can approach the manufacturing units of such companies and ask them
to donate these rejected products.