When the GDP Magazine was gathering data on CSR spend, we decided to compile the actual CSR Expenditure figures of 200 prominent companies vis-a-vis CSR expenditure prescribed under the Companies Act, 2013 for FY17. Interestingly, 57 of these prominent 200 companies underspent a whopping Rs. 1,146 crore during FY17. This clearly gives an idea of the reluctance of companies to spend on CSR. On the positive side, 85 out of these 200 companies have overspent on CSR, reports Bureau in the Governance Democracy & Politics (GDP), 2nd Annual Issue on CSR Southeastern Coalfields, REC, Central Coalfields, HUDCO, IRFC, BHEL are among…
Author: Amit Bhanot
(FE) Baba Ramdev’s Patanjali Ayurved is reportedly under investigation by the anti-profiteering body for not passing GST rate cut benefit to consumers, CNBC-TV18 reported citing an unidentified government official. According to the report, anti-profiteering (DG-AP) is investigating a complaint alleging that the consumer goods company profited from the sale of shampoo, toothpaste, cosmetics etc by not passing the benefit, following the rate cut announced by the GST Council meeting in November 2017. The Narendra Modi government set up a National Anti-profiteering Authority under GST to protect consumers’ interest and to ensure that companies pass the tax cut benefits to them. The Directorate General of Safeguards (DGS) of…
In the GDP Magazine’s first annual issue on CSR in June 2017, while we were compiling data for FY15 and FY16 regarding CSR, we found that ample amount of fund was coming out in the form of CSR mandatory expenditure from each company and if this handsome amount was spent on some unilateral cause, it could certainly make a difference as the total CSR spending of one year was bigger than the total budget of many states. In fact, during FY16 and FY15, India Inc. spent Rs. 13,828 crore and Rs 9,565 crore respectively on CSR and this mammoth amount…
(LiveMint) In the space of 24 hours, leaders of China and India—Asia’s largest and third-largest economies—will be visiting tiny Rwanda in east Central Africa spotlighting the tiny country which has Uganda, Tanzania, Burundi and Democratic Republic of Congo as its neighbours. Both President Xi Jinping of China and Prime Minister Narendra Modi of India are on their first visits to Rwanda and both will be signing a clutch of pacts in Kigali in a bid to shore up ties. Xi landed in Kigali on Sunday and Modi reached the Rwandan capital. The reasons for this courtship are not difficult to fathom. Rwanda…
(DJ) वैश्विक स्तर पर गिरती कच्चे तेल की कीमतों के कारण मंगलवार को भी फ्यूल रिटेलर्स ने पेट्रोल और डीजल की कीमतों को कम किया है। प्रमुख सरकारी तेल विपणन कंपनी के मुताबिक आज दिल्ली में पेट्रोल 7 पैसे प्रति लीटर और डीजल की कीमत 10 पैसे प्रति लीटर तक सस्ता हुआ है। गौरतलब है कि सभी प्रमुख शहरों और महानगरों में ईंधन की कीमतों में रोजाना सुबह 6 बजे संशोधन होता है। इंडियन ऑयल की आधिकारिक वेबसाइट iocl.com के मुताबिक राजधानी दिल्ली में एक लीटर पेट्रोल की कीमत 76.23 रुपये, कोलकाता में 79.10 रुपये प्रति लीटर, मुंबई में 83.68 रुपये प्रति…
(PTI) Veteran politician Amar Singh today met Uttar Pradesh Chief Minister Yogi Adityanath here today, triggering speculation in political circles that he might be planning to join the BJP. Though the meeting was confirmed by official sources, it was not immediately known what transpired between them. Rumour is already rife that Singh, who was a Rajya Sabha MP from the Samajwadi Party but was expelled from the Akhilesh Yadav-led outfit last year, has been toying with the idea of embracing the saffron party. Singh recently said that he was not averse to joining the BJP, but he hadn’t got any invite from it,…
(DJ) वाराणसी तथा लखनऊ के व्यस्त रेल मार्ग पर कल देर रात अमेठी जिले में मालगाड़ी के डिब्बे पटरी से उतर गए। अकबरगंज रेलवे स्टेशन के पास इस हादसे से यह रेल मार्ग सुबह तक प्रभावित रहा। कई ट्रेन को दूसरे मार्ग से भेजा गया जबकि वरुण एक्सप्रेस सहित अन्य कई ट्रेन को रद कर दिया गया। लंबी मशक्कत के बाद करीब नौ बजे इस ट्रैक को दुरुस्त किया गया है। वाराणसी-लखनऊ रेलखंड पर कल देर रात अकबरगंज रेलवे स्टेशन पर मालगाड़ी का एक डिब्बा पटरी से उतर गया। हादसे में किसी भी प्रकार की जनहानि नहीं हुई है। घटना…
(PTI) The government’s green panel has disapproved amendments to the environment clearance sought by Bharat Coking Coal for its Jharia Coalfields in Jharkhand due to the absence of forest clearance, as per the official document. The company’s proposal was to amend the existing environment clearance given for the cluster XI group of mines that has a peak production capacity of 6.6 million tonnes per annum (MTPA) and Moonidih water capacity of 1.6 MTPA. The amendment sought was for change in capacities of individual mines in the cluster and lease hold areas for implementation of the master plan. After examining the proposal,…
(ET) A new 12 gigawatts solar energy scheme, which has been deftly crafted to mandate local manufacturing without violating WTO’s trade rules, is in the final stages of approval, and will help local industry withstand the onslaught of cheap imports, senior government officials said. The Rs 8,000-crore scheme will be a significant boost for Indian manufacturers, who are also waiting for the imposition of a safeguards duty on solar gear. The local industry has suffered because WTO, acting on a US complaint, ruled that India had violated trade rules by mandating use of locally made cells and modules in its national…
There is no shortage of coal for the Power Sector. In the beginning of 2018-19, Coal India Limited (CIL) had a pithead stock of 55.55 Million Tonne (MT) and stock at Power House end was 16.27 MT. In the 1st Quarter of 2018-19, CIL dispatched a record quantity of 122.2 MT coal to Power Sector, thereby achieving a growth of 15% over the dispatch in the corresponding period of last year. The growth in dispatch of coal to Power Sector has helped coal based generation to achieve positive growth of 5.3% in the 1st Quarter of 2018-19. Coal supplies to Power sector is…