Category: News

  • Infosys Foundation & Bharatiya Vidya Bhavan to promote Indian visual and performing arts

    Infosys Foundation & Bharatiya Vidya Bhavan to promote Indian visual and performing arts

    The two institutions will sponsor mega cultural festivals for three years across seven cities in India, starting with a weeklong festival in Mysuru from November 4.

    Infosys Foundation, the philanthropic and CSR arm of Infosys, on Friday announced that it has signed a Memorandum of Understanding (MoU) with Bharatiya Vidya Bhavan (BVB) for the promotion of Indian visual and performing arts across India.

      Through this engagement, Infosys Foundation and BVB will provide a platform to over 4,500 beneficiaries, including 3,000 artists from underprivileged communities towards preservation of traditional folk and classical art forms, the company said in a statement.

      This collaboration focuses on keeping the visual and performing art forms of India alive by means of various activities such as weeklong festivals, camps, exhibitions, and publications, over a period of three years. The collaboration will give artists from across India a platform to portray their talents and take pride in their identities, thereby strengthening and unifying the artist community in the country.

      To begin with, a weeklong cultural festival will commence in Mysuru from November 4 to November 10, 2022, at Kalamandira, Vinoba Road, from 5:30 pm to 8:00 pm. The aim of this festival is to present different art forms of India on one stage. More festivals are scheduled to take place in New Delhi, Mumbai, Hyderabad, Thiruvananthapuram, Indore, and Chandigarh.

      Infosys Foundation Trustee Krish Shankar said, “We are pleased to team up with Bharatiya Vidya Bhavan to encourage artists from various backgrounds to come to the forefront and display their talents, thus safeguarding various art forms from being forgotten over time.”

      Bharatiya Vidya Bhavan, Bengaluru Kendra Director H N Suresh said, “There are no adequate words to express the gratitude to Infosys Foundation as they have been supporting vanishing arts, young and upcoming artists belonging to economically weaker sections for decades through BVB and its branches across India and abroad. In the years to come, both Infosys Foundation and Bharatiya Vidya Bhavan will work hard to ensure Indian art and culture is adequately preserved and promoted.”

  • Karnataka companies increase CSR spending on Health and Education

    Karnataka companies increase CSR spending on Health and Education

    Cos spent Rs 2380.54 crore on education, Rs 945 cr on health in Karnataka in five years till FY’21: FM

    In Karnataka, companies spent a cumulative CSR amount of Rs 2380.54 crore and Rs 945 crore on education and health-related activities, respectively, between 2016-17 to 2020-21 fiscal, Finance and Corporate Affairs Minister Nirmala Sitharaman informed Parliament on Tuesday.

    Further, the companies are required to file the CSR data for the 2021-22 financial year on or before March 31, 2023, she said in a written reply to Rajya Sabha.

    On institutionalising the use of CSR funds, the Minister said Section 135 of the Companies Act, 2013 (‘Act’) along with Schedule VII of the Act and Companies (CSR Policy) Rules, 2014 provides the broad framework for Corporate Social Responsibility (CSR).

    Schedule VII of the Act indicates the eligible list of activities that the companies can undertake as CSR, she said.

    Also, the CSR framework is disclosure-based, and CSR-mandated companies must file CSR activities details annually in the MCA21 registry.

    All data related to CSR filed by the companies in the MCA21 registry, including the list of companies who have spent their CSR funds on activities related to education and health, are available in the public domain at www.csr.gov.in, she has said.

  • Walmart-Flipkart help with Assam Flood relief

    Walmart-Flipkart help with Assam Flood relief

    Walmart and Flipkart give Rs 2 crore for Assam flood relief

    American multinational Walmart and its Indian partner Flipkart have jointly contributed over Rs 2 crore towards flood relief in Assam as part of its CSR initiative.

    Walmart Foundation and Flipkart Foundation have contributed more than Rs 2 crore (USD 2,50,000) to flood relief work in Assam.

    In a joint statement, the duo also said that the funds would help the humanitarian organisation “Doctors For You” support people impacted in the region. “Doctors For You” will supply kits with essential food items, medicines, and hygiene-care products and offers healthcare and psychological support to the affected population.

    “Our hearts are with those affected by the devastating flooding in Assam, and together with the Flipkart Foundation, we are here to support relief efforts,” said Julie Gehrki, Vice President and COO, Walmart Foundation.

    “The people of Assam have been severely affected by the floods, and we endeavour to provide the necessary support, care and compassion. With support from our colleagues across the organisation, we hope to leverage our capabilities and mobilise resources toward the most critical needs of people and communities,” said Rajneesh Kumar, Chief Corporate Affairs Officer, Flipkart Group.

    As floods continue in several parts of India, Flipkart, through its CSR arm, is also partnering with Goonj to raise funds from customers to provide critical medical supplies and essential relief materials for flood relief efforts in the country. The statement added that the company has also mobilised employee contributions for this cause.

    Walmart Foundation is a CSR arm of Walmart, while Flipkart Foundation is that of e-commerce player Flipkart Group.

  • India to surpass China as world’s most populated country in 2023: UN

    India to surpass China as world’s most populated country in 2023: UN

    India to surpass China as world’s most populated country in 2023: UN

    India will surpass the population of China by next year, making it the most populous country in the world. In the United Nations (UN) report, the world population is expected to reach eight billion by mid-November 2022.

    The report by UN’s World Population Prospects 2022, released on July 11, which is World Population Day, India’s population is expected to increase to 1.429 billion from the current 1.417, which will be marginally higher than China’s 1.426 billion people.

    Director John Wilmoth at the UN population division has said the world population expansion was slowing down but was still growing. The UN expects the world population to touch 8 billion later this year, 9 billion around 2037 and 10 billion around 2058.

    By 2080, the world population is expected to reach 10.4 billion people. Growth rates in China were slowing down, while those in India were increasing. “we expect India to surpass China as the world’s most populous nation,” Wilmoth has said.

    By 2050, India’s population will reach 1,668 million, far exceeding China’s declining population at 1,317 million. The global population by 2050 will have touched 9.7 billion, the UN reports predict.

    The population in high-income countries was grown due to the migration of people from other nations. At the same time, the population of people above 65 was growing faster due to increasing longevity. “From 1950-2050, we expect the population above 65 to grow from 5 to 16 per cent of the total. By 2100 it is projected that the global population above the age of 65 will be considerably larger than the population below the age of 15,” Wilmoth has said.

    By 2050, the number of persons 65 years and above are expected to be more than double that of 5-year-olds and the same as 12-year-olds.

    The report predicts that India’s fertility rate is expected to dip to 1.78 from the current 2.01 by 2050 and 1.69 in 2100, compared to the global average of 2.3.

    Globally, life expectancy reached 72.8 years in 2019, an increase of almost nine years since 1990. Further reductions in mortality are projected to result in average longevity of around 77.2 years globally in 2050. The global population aged 65 years or above is projected to rise from 10 per cent in 2022 to 16 per cent in 2050.

  • Muthoot CSR has impacted over 4.5 lakh people

    Muthoot CSR has impacted over 4.5 lakh people

    For the socio-economic development of society, Muthoot Finance benefits over 4.5 lakh people through various CSR initiatives

    Muthoot Finance, India’s largest gold loan NBFC Company has demonstrated its dedication to the socio-economic development of society and touched more than 4.5 lakh beneficiaries under its CSR initiatives in 2021-2022.

    The company reported a total spend of Rs. 81.14 Crores on Corporate Social Responsibility initiatives that spanned the delivery of COVID essentials during the second wave of the pandemic, education, healthcare, livelihood and skilling, and infrastructure initiatives along with sports development projects.

    The Muthoot Group and its flagship company Muthoot Finance have always been actively involved in a plethora of CSR initiatives in domains like education, environment, sanitation, healthcare, medical aid, and financial aid for the betterment of society.

    Muthoot Finance’s CSR activities helped more than 3.25 lakh underserved and needy people with food distribution and ration support, and around 53 thousand people were positively impacted through the healthcare initiatives alone. Initiatives extended and supported over 5000 unprivileged students by providing basic amenities, aid, and livelihood support to the weaker sections of society.

    These initiatives have been implemented in association with many grass root level social organisations, including the National Association of Blind, Center for Blind Women & Disability Studies (New Delhi), Red Cross Society, Delhi Police Foundation for Education, Habitat for Humanity, The Earth Savior Foundation, Think Rise and Act Foundation, YMCA Mumbai amongst others.

    In response to the pandemic, Muthoot Finance provided a 16-bedded COVID Hospital set up for Kanpur Police that helped around 7000 people. The Snehasaraya Mobile Medical Van provided COVID testing to more than 7100 individuals. Muthoot also offered a pick and dropped facility for COVID vaccinations to around 7200 people. They supported 15 hospitals in PAN India with medical equipment like beds and wheelchairs and also donated face masks, hand sanitiser, gloves and face shields to 94000 people.

    Muthoot Finance supported the Indian Food Banking Network and provided food kits, nutrition kits and drinks packs to around 37000 people. Fifty families uprooted due to the demolition of the Yamuna Bank area in New Delhi were provided ration for three days. In association with ANAMARTIA Foundation, 7000 ready-to-eat food packets were distributed to the needy. More than 2.67 lakh underprivileged people were supported with a cooked and dry ratio.

    Under the green initiatives, the company provided the National Association of Blind (NAB) India Centre for Blind Women & Disability Studies with 24 KW Solar Panels. Five hundred fruit saplings were distributed to 50 Tribal Farmers at Asegaon Mokhada, Palgarh District of Maharashtra.

    Sponsorship for the education of 40 girls studying at Deepalaya Senior Secondary School, Gusbethi. They also distributed educational kits to 152 children with special needs. Initiatives were undertaken to promote education among slum children in the Delhi Cantt Slum area. Under this, 110 educational kits, including notebooks, geometry boxes, drawing books and 1lt steel water bottles (to reduce plastic bottle usage), were distributed to slum children.

    As part of this initiative, 104 people benefitted from the distribution of wheelchairs to support their livelihood, enhance their skill sets and promote sports among differently-abled people.

    To promote self-employment practices and sustainable livelihood, 5 Self Help Groups (SHG) were provided scanning machinery, raw material for papad, pickle, namkeen making & e-cart for transportation of SHG’s products. Tricycles and manual cycle rickshaws were donated to weaker sections and migrants across regions in Punjab and Delhi. 

    Alexander George Muthoot, Joint Managing Director, The Muthoot Group, said, “To reach the marginalised sections of communities across the country, our CSR initiatives in 2021-2022 have been truly successful. We at Muthoot Finance understand our duties and responsibilities towards societal development. From the very start, we have been serving as a helping hand for the development of our society. We will continue to strengthen, empower, and uplift our society by playing our part in the overall development of our country and its people. We remain steadfastly committed to supporting weaker sections of our society through our continuous support.”

  • Adani group commits Rs 60,000 crore for CSR

    Adani group commits Rs 60,000 crore for CSR

    The donation will be used for charitable activities related to healthcare, education, and skill development.

    The Adani Family has announced a donation of Rs 60,000 crore for social causes on the occasion of Gautam Adani’s 60th birthday and the centenary birth anniversary of Gautam Adani’s father Shantilal Adani.

    The donation will be used for charitable activities related to healthcare, education, and skill development. Gautam Adani is estimated to be worth about $ 91.7 billion, adding more wealth in the recent past than any other billionaire in the world.

    The amount of Rs 60,000 crore towards CSR activity is higher than the amount generally spent on CSR activities. According to law, a company must spend 2 per cent of its total profit on CSR initiatives, which is done through the Adani Foundation for the Adani Group.

    Gautam Adani, Chairman of Adani Group, announced, “This contribution from the Adani Family intends to draw upon some of the brightest minds that have a passion for making a difference in the Adani Foundation’s journey to do more towards fulfilling our ‘Growth with Goodness’ philosophy.”

    Gautam Adani and his family’s commitment to philanthropy is an example for all. Chairman of Azim Premji Foundation and founder-chairman of Wipro Limited, a great philanthropist, has commented on the announcement as being laudable.

  • India’s efforts to protect environment multi-dimensional: PM

    India’s efforts to protect environment multi-dimensional: PM

    The PM took a jibe at the developed world saying they not only exploited more and more resources of the earth but also contributed to maximum carbon emissions.

    Prime Minister Narendra Modi announced on Sunday that India has achieved the target of 10 per cent ethanol blending in petrol five months before the deadline.

      Making the announcement at a programme on the ‘Save Soil Movement’, which coincided with the World Environment Day, Modi cited a number of measures taken by his government to protect the environment, saying its efforts have been multi-dimensional despite the country having a negligible role in climate change.

      The rise in ethanol blending in petrol from 1.5 per cent in 2014 to 10 per cent now has reduced carbon emission by 27 lakh tonnes and saved Rs 41,000 crore of forex reserve. This has also brought Rs 40,000 crore of income to farmers, he said, adding the feat was achieved on Sunday.

      In his address, the prime minister said India has also achieved its goal of having 40 per cent of its installed power generation from non-fossil fuel-based sources nine years before the deadline.

      Modi said India’s forest cover had grown by over 20,000 sq km in the last eight years, with wildlife numbers also seeing a record growth.

      Solar energy capacity has increased by 18 times and initiatives like Hydrogen Mission and circular economy and scrappage policy are examples of our commitment to environment protection, he said.

      He expressed satisfaction that his government’s key programmes of the last eight years have an angle of environment protection, citing the Swachh Bharat Mission, waste to wealth related programme, reduction of single use plastic, one Sun one earth or ethanol blending programme as examples of multi-dimensional efforts for preservation of environment.

      Taking a jibe at the developed world, he said they not only exploited more and more resources of the earth but also contributed to maximum carbon emissions.

      While the average carbon footprint of the world is about four tonne per person per annum, it is only 0.5 tonne per person per annum in India.

      He said India is working on a long term vision in collaboration with the international community on protecting the environment and established organisations like Coalition for Disaster Resilient Infrastructure and International Solar Alliance.

      He reiterated India’s goal of Net-Zero by 2070.

      To save the soil, India has focused on five main things, he said, citing efforts to make the soil chemical free, to save organisms that live in the soil, to maintain soil moisture, to increase the availability of water, to remove the damage that is happening to the soil due to less groundwater, and to stop the continuous erosion of soil due to the reduction of forests.

      Farmers earlier lacked information about the type of soil, deficiency in soil and how much water is there, he said, noting that his government launched a huge campaign to give soil health cards to them to overcome the problem.

      A campaign to conserve 13 big rivers has also started in the country, and along with reducing pollution in water, work is also being done to plant forests on the banks of rivers, he said, noting that this will add a forest cover of 7,400 sq km.

      Praising natural farming, Modi said it offers solution to some of our biggest problems.

      The government has decided to encourage natural farming in villages situated on the banks of Ganga which will make it a huge corridor of natural farming, he said.

      This will not only make our farms chemical free but the Namami Gange campaign will also gain new strength.

      India is working on the goal of making 26 million hectares of barren land fertile by 2030, he added.

      Modi said due to the PM National GatiShakti Master plan logistics system and transport system will be strengthened and that will lead to reduction of pollution.

      Multi-modal connectivity work on more than 100 waterways will also help in reducing pollution, he said, noting this will create lot of green jobs.

      The ‘Save Soil Movement’ is a global initiative to increase awareness about deteriorating soil health and bring about a conscious response to improve it, the Prime Minister’s Office (PMO) had said in a statement.

      The movement was started in March by Sadhguru Jaggi Vasudev, who embarked on a 100-day motorcycle journey passing through 27 countries, it said, adding that June 5 marks the 75th day of the journey.

  • Urban Company partners with Project Baala to boost female hygiene

    Urban Company partners with Project Baala to boost female hygiene

    Urban Company has partnered with Project Baala to distribute eco-friendly reusable pads among its female partners and raise awareness on menstrual wellness and hygiene. The aim is to target the economically marginalized sections of society who don’t have access to sanitary

    Urban Company has partnered with Project Baala to distribute eco-friendly reusable pads among its female partners and raise awareness on menstrual wellness and hygiene. The aim is to target the economically marginalized sections of society who don’t have access to sanitary facilities.

    Aimed to ensure every menstruator has access to affordable and sustainable practices, Urban Company is using its distribution channel to get Project Baala’s eco-friendly pads across Delhi NCR for now.

    Project Baala has already conducted pan-India virtual workshops to educate and dispel myths and misinformation around menstruation. The feature-rich pads can be reused for up to two years, reducing plastic waste.

    Commenting on the pilot project’s launch, Nikhil Shanker, VP – Customer Experience and Partner Experience at Urban Company, said, “We at Urban Company are committed towards the welfare and well-being of our partners. After speaking to Project Baala, we realized a huge gap between understanding menstrual wellness and hygiene and safe, sanitary practices. We are happy to have partnered with Project Baala and take a step towards creating sustainable and long-term impact for our female partners.”

    Project Baala’s Outreach Head, Khushali Samriya, said, “For most of us, Urban Company service providers have been the immediate support for all our household services with and without the pandemic. As a menstrual hygiene organization, the least we aim to do is provide a long-term sustainable solution for their period needs. The combination of holistic menstrual awareness and sustainable product dissemination will fill up all knowledge gaps on menstrual health and provide tips on hygiene management, with a gradual non-subscription to myths. This is an extraordinary collaboration for us!”

    The project is a part of Urban Company partner welfare initiatives. It comes on the heels of the company’s recent health awareness workshops conducted in collaboration with HCG Hospitals and, more recently, Max Healthcare. While the pilot phase focused on Delhi NCR for the distribution of sanitary kits, awareness workshops were conducted for all female partners across India.

    Urban Company focuses extensively on partner livelihood through its skilling programs and other security benefits. All active partners on the UC platform in India are covered under the Group Life and Accidental Insurance cover, in partnership with ACKO. Some of the key aspects covered under the policy are life insurance (INR 6 lakhs), disability cover (INR 6 lakhs), accidental hospitalization (INR 70,000), accidental OPD treatment (INR 10,000) among others. Further, all UC Plus partners in India have access to additional health insurance benefits, which includes up to INR 2 lakh in-hospitalization treatment, room/ICU expenses, OPD, medical equipment and 12 free online doctor consultations in a year.

  • Honda (India) collaborates with ITI for skill enhancement

    Honda (India) collaborates with ITI for skill enhancement

    Committed to Skill India Mission, Honda Motorcycle and Scooter India Pvt. Ltd. (HMSI) has started Delhi’s third Skill Enhancement Centre at Malviya Nagar, collaborating with Government Industrial Training Institute (ITI), Delhi. The new centre became operational in February 2022

    Committed to Skill India Mission, Honda Motorcycle and Scooter India Pvt. Ltd. (HMSI) has started Delhi’s third Skill Enhancement Centre at Malviya Nagar, collaborating with Government Industrial Training Institute (ITI), Delhi.

    The new centre became operational in February 2022 and aimed at empowering local youth with job-oriented technical skill training in the city.

    The inauguration was witnessed by top dignitaries of the industry and the government. These included O.P. Shukla (Joint Director Planning, Department of Training & Technical Education, Government of National Capital Territory of Delhi), BS Negi (Deputy Director Training, Department of Training & Technical Education, Government of National Capital Territory of Delhi), Vijay Kumar (Principal, Government Industrial Training Institute, Malviya Nagar, New Delhi), Rahul Sharan (Senior Manager – Skill Enhancement, Customer Service Technology & Customer Relations, HMSI) and other dignitaries from Honda Motorcycle and Scooter India Private Limited.

    HMSI’s Skill Enhancement Centre at ITI Malviya Nagar has a fully functional workshop with two-wheelers and service infrastructure to give practical training to students on technical aspects of two-wheelers maintenance and repair. HMSI will also support recruitment opportunities to successful candidates at HMSI dealerships after completion of the training program.

    Pradeep Pandey, Senior Vice President – Customer Service, Honda Motorcycle and Scooter India Pvt. Ltd., said, “Fulfilling our commitment to up-skill local youth and enhance their employability, we are proactively supporting the Skill India Mission to empower Indian youth. The BSVI emission norms have raised the demand for a skilled technical workforce in the automobile sector. Due to COVID-19 restrictions, students could not get hands-on practical training. HMSI’s third Skill Enhancement Centre in Delhi at Malviya Nagar will provide an improved facility to recoup for practical training while ensuring all safety protocols. Further, we will continue to inaugurate more centres in other parts of the country.”

    Fulfilling its corporate social responsibility, HMSI has taken several initiatives in Skill Development. To bridge the requirement and availability of trained human resources in the automotive sector, HMSI is setting up Skill Enhancement Centres across India. Currently, HMSI operates 48 skill enhancement centres across 19 states in India.

  • Vedanta joins hand with TERI to protect the environment, to invest ₹200cr on R&D

    Vedanta joins hand with TERI to protect the environment, to invest ₹200cr on R&D

    Vedanta has signed an MoU with TERI (The Energy and Resources Institute) to promote “Sustainable Use of Resources for a Resilient Planet through Transformative Actions”. The MoU was signed at the World Sustainable Development Summit (WSDS), where Prime Minister Narendra Modi

    Vedanta has signed an MoU with TERI (The Energy and Resources Institute) to promote “Sustainable Use of Resources for a Resilient Planet through Transformative Actions”. The MoU was signed at the World Sustainable Development Summit (WSDS), where Prime Minister Narendra Modi delivered the inaugural address.

    A global natural resources company, Vedanta is committed to the sustainable use of resources. At the same time, TERI, a multi-dimensional Not for profit organization (NPO), aims to create a sustainable world by leveraging both the organizations’ strength in the ESG space.

    Vedanta plans to invest around ₹200 Cr over the next 5 to 10 years on R&D and sustainability initiatives to promote and build a sustainable ecosystem. The partners will create a sustainable future by engaging with governments, civil society and peers to encourage a more extensive ecosystem for climate change, resource efficiency, and circularity, harnessing cleaner energy, sustainable supply chains, and people-centric development.

    TERI’s DG, Dr Vibha Dhawan, has said, “Businesses can play a paramount role in meeting development goals of the UN Development plan of 2030. Towards fulfilling this ambition, Vedanta and TERI have come together to work in the pursuit of solving pertinent issues that are critical towards achieving a sustainable future.”

    Vedanta Group CEO Sunil Duggal said, “At Vedanta, we keep communities, people and planet at the centre of business decisions. We believe the partnership with TERI will create a larger ecosystem to support the global agenda of a sustainable world. This collaboration will help us traverse our ESG commitments on ‘Transforming for good’. TERI has a great track record of developing innovative and sustainable solutions in waste utilization, clean energy, resource efficiency and community welfare, which augurs well with our defined ESG aims. We aspire to work in tandem to achieve our common vision with this partnership.”

    With this MoU, Vedanta and TERI will look at opportunities to work on common areas of interest until 2050. The partnership will provide a platform to promote individuals and organizations to adopt sustainable practices by creating Vedanta-TERI ESG awards and building a sustainable supply chain.

    Vedanta is planning to be the ESG leader in the natural resources sector and has committed to reducing carbon emissions to zero by 2050 or sooner. The company has pledged $5 billion over the next ten years to accelerate the transition to net-zero operations. As part of the process, the company has repurposed its mission statement to Vedanta – ‘Transforming for Good’, to make a meaningful difference to society.