Author: csr-admin

  • Govt amends CSR rules, decriminalizes provisions

    Govt amends CSR rules, decriminalizes provisions

    The government has amended rules governing corporate social responsibility (CSR), including decriminalizing non-compliance with CSR provisions, allowing corporates to undertake multi-year projects and making registration compulsory for agencies

    The government has amended rules governing corporate social responsibility (CSR), including decriminalizing non-compliance with CSR provisions, allowing corporates to undertake multi-year projects and making registration compulsory for agencies implementing CSR activities on behalf of companies.

    Besides, companies have been permitted to set off the excess amount spent under CSR up to three succeeding financial years and they have also been allowed to create or acquire capital assets through CSR in the name of beneficiaries or a public authority or registered trust, among others.

    These amended rules called The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 have come into effect from January 22.

    As per the amended rules, non-compliance with CSR provisions has been decriminalized by shifting such offences to penalty regime, while companies having CSR obligation below Rs 50 lakhs have been exempted from constituting a CSR Committee.

    Under the Companies Act, 2013 — being implemented by the corporate affairs ministry — certain class of profitable companies are required to shell out at least two per cent of their three-year annual net profit towards CSR activities in a financial year.

    To make the CSR framework more transparent, the amended rules specify that agencies implementing CSR projects for companies should get registered with the corporate affairs ministry’s MCA 21 portal and the system will automatically generate a unique CSR registration number.

    The registration requirement will be effective from April 1, 2021.

    To bring in the best international practices in the field of CSR and capacity building, the amend rules allow international organizations to carry out designing, monitoring and evaluation of the CSR projects or programmes. However, they cannot act as implementing agencies.

    Besides, disclosure requirements have been enhanced with respect to CSR projects.

    As per the amended rules, there will be impact assessment of CSR projects that will help companies to plan and allocate resources in a better manner. The assessment will be applicable subject to various conditions.

    The CSR provisions came into force from April 1, 2014. The CSR expenditure has increased from Rs 10,066 crore in 2014-15 financial year to Rs 18,655 crore in 2018-19 and a cumulative total of Rs 79,000 crore has been spent throughout the country, as per the official data.

  • HCL Foundation launches “Nanhe Parinde”

    HCL Foundation launches “Nanhe Parinde”

    HCL Foundation and Police Department launch the Mobile Education Program, “Nanhe Parinde” initiative in Noida, Gautam Buddha Nagar by flagging off two mobile education and protection vans for children living on streets. The CSR initiative

    HCL Foundation and Police Department launch the Mobile Education Program, “Nanhe Parinde” initiative in Noida, Gautam Buddha Nagar by flagging off two mobile education and protection vans for children living on streets. The CSR initiative has been launched in collaboration with the Police Department, Noida, and NGO partner Chetna.

    HCL Foundation (HCLF), the CSR arm of HCL Technologies initiative was flagged off by the Commissioner of Police, Gautam Buddh Nagar – Alok Singh along with his wife Akanksha Singh today on the occasion of U.P. Diwas in the presence of Nidhi Pundhir, Director, HCL Foundation along with Dr. Mahesh Sharma, Member of Parliament from Gautam Buddha Nagar, Pankaj Singh, Member of Legislative Assembly, Noida and Dhirendra Singh, Member of Legislative Assembly, Jewar.

    Nanhe Parinde Initiative will function to prevent vulnerable children and youth from slipping into a life of crime– and supports them in discovering their voice and passion. A diverse range of services catering to both academic and physical development will be offered through a carefully designed curriculum.

    The HCL Foundation aims to provide children living on streets and working children a safe space where the children will receive alternative education, arts and crafts, training in self-defence, gender and inclusion, co-curricular activities, opportunities for sports and nutrition through five mobile vans which will be launched over three years to reach out to 400 to 500 CIDC (children in difficult circumstances) in GB Nagar and mainstream them into the formal education system.

    These mobile education vans will be equipped with modern amenities such as LCD screen, sound systems, CCTV cameras and GPS for safety and security, educational material, first aid box, handwashing station and sanitization facilities. Each van will reach out to 50 to 60 children every day with support from the local police stations at pre-determined spots.

    HCLF’s NGO partner, Childhood Enhancement through Training and Action (CHETNA), works for empowerment through education of street-connected children since 2002 and will be responsible for the implementation of the program and will provide a team with a female driver, community mobilizer and educator to run the initiative.

  • SBI holds Blood Donation Camps across India

    SBI holds Blood Donation Camps across India

    Country’s largest lender, State Bank of India (SBI), conducted nation-wide Blood Donation Camps. This initiative, led by Stressed Assets Resolution Group (SARG) – a vertical of SBI – was inaugurated virtually by Dinesh Kumar Khara, Chairman

    Country’s largest lender, State Bank of India (SBI), conducted nation-wide Blood Donation Camps. This initiative, led by Stressed Assets Resolution Group (SARG) – a vertical of SBI – was inaugurated virtually by Dinesh Kumar Khara, Chairman.

    The camps setup pan-India at 40 centres in association with Indian Red Cross Society, collected 2360 units of blood. The camps witnessed employees of the bank along with their families and people at large, voluntarily donating blood for a noble cause of saving lives. The Circle Management Committee members of all Circles extended full co-operation to the SARG at their respective Centres.

    Ashwani Bhatia, MD (GB&S, CCG, IT & Risk), Shri S. Salee, DMD (SARG), Ms. Shabnam Narayan, CGM (SARG) and Shri Krishan Singh Barguzar, CGM (Non-Infra), SARG were also present at the inauguration of the blood donation camps.

    “We are pleased to be associated with Indian Red Cross Society and be a part of this life saving initiative. Organizing blood donation camps is a crucial event and I feel we should conduct such camps on a regular basis. We would also like to thank all the participants across the country who came forward to donate blood specially in these difficult pandemic times.” Dinesh Khara, Chairman SBI said.

    During the blood donation camps, the bank staff also ensured that Covid protocols were adhered to.

  • Project Rahat brings relief to migrant workers in Delhi NCR

    Project Rahat brings relief to migrant workers in Delhi NCR

    As an endeavour to do service to the society, the NGO Pararthya Sustainable Development & Environment Conservation Society, supported by Viraaj Ventures and funded by Realty Assistant conducted “Project Rahat”, a Social Development drive for CSR 2020-21

    As an endeavour to do service to the society, the NGO Pararthya Sustainable Development & Environment Conservation Society, supported by Viraaj Ventures and funded by Realty Assistant conducted “Project Rahat”, a Social Development drive for CSR 2020-21 in which they distributed clothes, organized donation drive, and did various activities in the different parts of the capital region to help those severely affected by winter season in a pandemic stricken environment.

    The initiative themed Rahat was dedicated to bringing relief to the migrants of Delhi and NCR region who lost their jobs succumbing to the deadly blow of COVID-19. The project was aimed at making people aware of the importance of following personal hygiene amidst the winter doubly hit by the life taking impact of COVID-19.

    According to the IMD, in the past decade, the country has seen 506 per cent increase in cold waves which accounted for more number of deaths due to cold waves as compared to the heat waves. The major reason for death is the unavailability of shelter and clothing to shield one from the cold waves.

    As part of the endeavour, four teams visited areas massively populated by people living on roadside, taking refuge at shelter homes or setting up their own jhuggis during the seven days drive. Soaps, sanitisers, masks and water bottles were distributed that was perfectly complemented by providing them with guidance for proper sanitizing practices, the correct way to wear a mask and how to effectively practice social distancing.

    “Continuing the humanitarian legacy, at Pararthya we were determined to extend our support to the suffering working section of the society for which ‘Project Rahat’ was incepted to save the lives lost due to the extreme winters,” said Mr Ankit Aditya Pradhan, Founder & CEO, Realty Assistant.

    Along with this, as part of the donation drive, 200+ blankets, 500+ warm clothes, 500+ soaps, 300+ sanitisers, 500+ masks, 100+ bread packets, 2 cartons of 120 biscuit packets and 10 toffee packets were also distributed.

  • HYSEA hosts CSR SUMMIT 2021

    HYSEA hosts CSR SUMMIT 2021

    The Hyderabad Software Enterprises Association (HYSEA) organized the Fourth CSR Summit in Hyderabad on January 21 with a theme “Volunteer to make a difference” and explored volunteering opportunities for corporate employees in three key areas of Education

    The Hyderabad Software Enterprises Association (HYSEA) organized the Fourth CSR Summit in Hyderabad on January 21 with a theme “Volunteer to make a difference” and explored volunteering opportunities for corporate employees in three key areas of Education, Environment and Health and Well-being.

    While many corporate employees want to contribute to society, they often do not know where or how to start or are concerned about balancing work, home and society. The summit helped them to understand the different avenues available to volunteer was also an excellent opportunity to interact with several participating NGOs in the EXPO.

    Paul Raddon, Head of Operations, Global Service Centers, HSBC delivering the Keynote address said, “Giving back to the society is at the core of HSBC corporate philosophy and a way of life at GSC India”. He also added, “HSBC has launched more than 70 projects benefiting over 2.94M people, and HSBC Skills for Life, an INR 100 crore flagship initiative is benefitting 1.3 M. Over 21400 beneficiaries have got access to WASH facilities across 17 villages in India and more than 3100 youths trained and employed in the last year, despite the pandemic”, he said.

    Delivering the mentor note Venkatesh Murthy, Founder and Chief Mentor, Youth for Seva, said, “I truly appreciate HYSEA’s decision to take ‘Volunteering’ as the theme for this conference. Employee volunteering programs, if well designed, can be very impactful. I hope HYSEA will provide a model for collaboration and co-creation of effective volunteering programs in Telangana”.

    Bharani K Aroll, President, HYSEA welcomed the participants to the summit and said “HYSEA has been committed to CSR for more than a decade and a half now, with our focus primarily on Education and Environment. Our education initiative DDI (Disruptive Digital Intervention) has now reached more than 12000 students in 30 schools statewide. HYSEA has had tree plantation drives in HITEC City and Gachibowli regularly since 2009 and has been an active partner for Haritha Haram”.

    Manisha Saboo, AVP and DC Head, Infosys Pocharam Campus and HYSEA CSR Forum Leader, said, “We aspire to make volunteering as a way to build a cohesive society”. She invited all NGOs, Corporates and Volunteers to make use of HYSEA Volunteering platform https://volunteer.hysea.in, an end-to-end solution for volunteering.

  • Women artisans get American Express grant

    Women artisans get American Express grant

    American Express, the credit card major has announced a grant of Rs 1 crore to support women artisans across India. The grant will be disbursed through Dastkar, a society that will use the funds to support over 12,000 women artisans from 19 states

    American Express, the credit card major has announced a grant of Rs 1 crore to support women artisans across India. The grant will be disbursed through Dastkar, a society that will use the funds to support over 12,000 women artisans from 19 states, financially impacted due to the COVID-19 pandemic.

    As part of the company’s CSR initiative, the grant to Dastkar’s Artisan Support Fund will take care of financial needs towards wages and raw materials along with marketing assistance to craftswomen involved in varied arts and crafts, including mirror-work embroiderers, weavers, basket makers, fibre craft artisans, block printers, among others, it said.

    American Express said in a statement that craftswomen from Delhi, Haryana, Rajasthan, Uttar Pradesh, Uttarakhand, Assam, Gujarat, Himachal Pradesh, Madhya Pradesh, West Bengal, Maharashtra, Jammu and Kashmir, Tamil Nadu, Karnataka, Odisha, Jharkhand, Manipur, Telangana and Bihar will be covered for assistance.

    Speaking about the initiative, American Express Banking Corp India Senior Vice President and CEO Manoj Adlakha said: “Through our funding to Dastkar, we will support the sustenance of India’s craft community in the wake of the pandemic. We are proud to contribute towards mitigating the impact and conserving the country’s diverse cultural heritage…”

    Dastkar Chairperson and Founder member Laila Tyabji said, “Locked out of earnings and employment, these craftswomen require assistance – both financial and marketing. The corporate sector has a crucial role to play here. We thank American Express for recognizing the urgency of the situation and providing much-needed capital to help our women artisans recover from the devastating impacts of the pandemic and rebuild their livelihood.”

  • SEBI sets up technical committee on social stock exchanges

    SEBI sets up technical committee on social stock exchanges

    The technical committee would prescribe disclosure requirements related to performance, financials and governance and dwelling upon aspects related to social impact and social audit.

    Markets regulator SEBI has constituted a technical committee, under the chairmanship of Harsh Kumar Bhanwala, former chairman of Nabard, following the recommendations of a working group on social stock exchange.

    The technical committee would prescribe disclosure requirements related to performance, financials and governance and dwelling upon aspects related to social impact and social audit.

    The committee will comprise of members including Vikram Gandhi faculty at Harvard Business School and founder of Asha Impact; Ingrid Srinath, founder director, Centre for Social Impact and Philanthropy at Ashoka University; Pushpa Aman Singh, CEO of Guidestar; and Santhosh Jayaram, partner and head (Sustainability) and CSR advisory at KPMG.

    In addition, Roopa Kudva, managing director of Omidyar Network India; Shaji Krishnan V, deputy MD of Nabard; Sanjeev Singhal, chairman of sustainability reporting standards board at ICAI; representatives of BSE, NSE and Sebi are also part of the technical group.

  • Harvest Gold launches spl edition bread to thank team members’ services in this pandemic

    Harvest Gold launches spl edition bread to thank team members’ services in this pandemic

    Leading bread manufacturer Harvest Gold today announced a special edition bread in 700 grams in north India to thank its team members for serving people amid the COVID-19 pandemic and lockdown. The special edition bread will feature 30

    Leading bread manufacturer Harvest Gold today announced a special edition bread in 700 grams in north India to thank its team members for serving people amid the COVID-19 pandemic and lockdown.

    The special edition bread will feature 30 photographs and 250 names of team members.
    Harvest Gold is the largest manufacturer of bread in north India, and supplies 6 lakh loaves of bread every day, serving equal number of families daily.

    “Titled #ThanksTeam, the program acknowledges the selfless and passionate efforts of the Team of Harvest Gold,” the company said in a statement.

    The team members have worked hard with dedication and ensuring that the bread is produced under high safety and hygiene standards and delivered fresh every day at all neighbourhood stores, it said.

    These represent associates from various departments like from manufacturing, purchase, R&D, sales, marketing, distribution, finance, human resources and information technology.

    “Working day and night with production of bakery products and their distribution to the consumers, Team Harvest Gold reinvented safety and hygiene measures to ensure that there were no lapses and only the healthiest and safest product was delivered,” Harvest Gold Executive Director Sales Vikas Gupta said.

    Even extra efforts were taken to provide doorstep delivery to the elderly who could not step out.

    From working round-the-clock with precision, focus and perseverance, to getting out onto the field to deliver fresh bread to various shops and homes, the Harvest Gold Team has truly proved its mettle beyond doubt, he said.

    “Their commitment to quality, safety and hygiene has been universally appreciated and applauded – they are truly Sabki Bread ke secret superstars,” he added.

    According to the company, the team members have always put their best foot forward in making Harvest Gold the most loved bread of Delhi NCR, whether they are working from home, from office or on the field.

    The last few months have been specially trying, putting everything and everyone to test.
    During the lockdown, Harvest Gold served the people of Delhi NCR and other parts of North India with its products that includes breads and buns, flat bread varieties such as roti, kulcha and pizza base, and rusk, it added.

  • RAHI supporting 5 FPOs in Odisha to create end-to-end value chain for millet farmers

    RAHI supporting 5 FPOs in Odisha to create end-to-end value chain for millet farmers

    NGO Rise Against Hunger India (RAHI) today said it has launched a project for creating end-to-end value chain for millet farmers in Bargarh district, Odisha and is supporting five Farmer Producer Organisations (FPOs)

    NGO Rise Against Hunger India (RAHI) today said it has launched a project for creating end-to-end value chain for millet farmers in Bargarh district, Odisha and is supporting five Farmer Producer Organisations (FPOs).

    Bengaluru-based RAHI is supporting 800 farmers under these five FPOs to improve yield through agri-tools, equipments and other inputs, it said.

    This kind of rural projects will bring resilience in the rural farmers who are now left with no option but to migrate to the cities, it added.

    “Hunger and lack of income is the biggest enemy for the rural poor. We are trying to make the vulnerable people in the villages self-sufficient and self-reliant. With adequate income available in villages, the need for migration can be stopped and the cycle of poverty reversed,” RAHI Executive Directr Dola Mohapatra said in a statement.

    As part of its COVID-19 response, few projects have been launched. One of the projects, focused on creating end to end value chain for millets, has been initiated in Bargarh, Odisha, the NGO said.

    For the past few years, some farmers have shifted from paddy to finger-millet cultivation and it is now receiving wider acceptance in the area, it said.

    RAHI said that FPOs have become a common vehicle to share resources and inputs and they also provide an assured market platform in the absence of which an individual farmer would be subject to whims and fancies of private vendors.

    Farmers are expecting 80-100 per cent growth in production and 100 per cent increase their income per acre of land. With an assured income, these farmers will have better resilience with less dependence on migrant income, it added.

    In the past, RAHI programmes were carried out in Ri-Bhoi district of Meghalaya to create value chains for pineapple and banana farmers.

    Currently, RAHI is working in four tribal villages of Bhil tribes in Dhar, Madhya Pradesh to create end-to-end value chain for goat farmers.

    While the immediate short-term goal of such rural projects is to support the migrant labourers from the cities and towns to cultivate their lands, the broad objective is to enable farmers generate enough income in villages so that distress migration is minimal, RAHI said. PTI LUX

  • Use CSR funds for reskilling, upskilling of workforce to tackle post-COVID world: CII panel

    Use CSR funds for reskilling, upskilling of workforce to tackle post-COVID world: CII panel

    As unemployment concerns have shot up in India off late due to the Covid-19 pandemic, a CII panel today pitched for effective use of CSR funds for re-skilling and up-skilling of workforce in the country in order to restart the economy

    As unemployment concerns have shot up in India off late due to the Covid-19 pandemic, a CII panel today pitched for effective use of CSR funds for re-skilling and up-skilling of workforce in the country in order to restart the economy.

    The panel outlined ways for India Inc to utilise its CSR funds to undertake skilling programs that are vital to restart the economy.

    It also examined the relevance of the Corporate Social Responsibility (CSR) Law for skill building and the importance of creating an ecosystem that enables new age skills for a sustainable future.

    Dicussing on “Skill Development through CSR” in a webinar organised by industry body Confederation of Indian Industry (CII), the panelists said digital platforms across verticals like healthcare, education, retail are expected to generate significant employment in coming quarters and the pace at which innovation in skill building is adopted to such online models is critical in the wake of new emerging realities.

    Batting for strong inter-agency partnerships and bridging the digital divide, the panelists agreed that Covid has changed the way resources are allocated in CSR. The renewed focus is on employability that leads to employment which further leads to economic upliftment.

    India is aiming to become a 5 trillion-dollar economy and enjoys a strong advantage of vast and young demographic that stands at a crossover of digital leap.

    By 2023, 70 million more people will have entered India’s workforce (data from the Periodic Labour Force Survey (PLFS) 2017-2018. Unemployment concerns have shot up in India off late due to the Covid-19 pandemic, they said in a statement.

    “Covid-19 poses special challenges for skill development. Today when the world faces a crisis, the government, corporates and implementing agencies are turning to CSR,” Former Director General and CEO Indian Institute of Corporate Affairs Bhaskar Chatterjee said addressing a webinar on organized the industry body Confederation of Indian Industry (CII).

    Asserting that promoting employment-enhancing vocational skills is the need of the hour, he said there is a need to address the challenges like difficulty in skilling, re-skilling and people employment.

    “The government must now act as a facilitator and encourage corporates to go more into the skill development,” he said.

    Noting that there is meet the dynamic needs of the employers, Chatterjee suggested that this can by done by offering flexibility in the courses being designed, certifications being offered and the way resources are trained.

    The need of the hour is to tap into technology to leap-frog youth of today into employability, he added.

    Brigadier P K Goyal (Retd), Conference Chair and Member, Regional Committee on Skill Development and Livelihood, CII Northern Region said: “Covid-19 and the global lockdown has impacted the skills ecosystem, resulting in imbalance in the skills landscape. There is a dire need to skill, upskill and multi-skill a huge workforce so there is suitable employability. An effective means to do this is through CSR funds. Govt of India, the corporate industry with their funds and the implementing agencies along with consulting agencies are the umbilical link to an effective skilling programme.”

    Lt Gen. Dr S P Kochhar, Director General – COAI (Cellular Operators Association of India) added: “A good thing, at present, is that the government has accepted that skilling is a challenge and they are trying to address the gap. We have been advising a skilling program which is Cooperative, Collaborative, Inclusive and Adaptive. If we use technology, such an initiative becomes easier.”

    Stating that training can be normalised across the country, using technology, Kochhar said,” We can combine Make in India, Digital India, and Skill India, as complementary models and CSR plays a major role in supporting this initiative. We can create co-skilling spaces, with soft and IT skills at the entry-level segment, generic sector skills at the next level of the segment, and the third level being the vaulted training centres where domain knowledge is imparted by industry experts.”