Dear MTCians Happy morning to all of you.
My personal experience and observations of last twp decades working closely with development, corporate and Government sector show that exceptionally very few business houses in India like Tata Group are following CSR practices in true spirit and action. Otherwise for majority of the business houses CSR is a mechanism of saving tax and converting the black money into white.
Date: Sat, 23 Mar 2013 08:28:43 +0530
Subject: Re: [MTC Global] CSR & More
From: drjaganmohanreddy@gmail.com
To: join_mtc@googlegroups.com
-------- Original message --------
From: Surender Reddy Geedipalli <gsr123@gmail.com>
Date: 22/03/2013 20:49 (GMT+05:30)
To: join_mtc@googlegroups.com
Cc: "Prof. Bholanath Dutta" <bnath.dutta@gmail.com>,waghodekar@rediffmail.com
Subject: [MTC Global] CSR & More
Dear MTCians,
It is important that CSR must be closely aligned to the concept, culture and practice of Corporate Governance and Business Ethics of the companies; otherwise, the whole idea of CSR can be abused by the pliable managements of the big businesses and the unscrupulous politicians and administrators in positions of power and influence.
Regards,
Prof. G. Surender Reddy
Director,
M C Gupta College of Business Management,
O U Road, Nallakunta, Hyderabad - 500 007
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The ancient Indian culture of giving donations and philanthropy is not being practiced by business houses in India in true sense. Majority of the business houses either have their own NGOs / charitable trusts or donate money under section 80-G of income tax to other NGOs, charitable trusts, religious organizations etc. In first case they do little development work in their own NGOs / charitable trusts and popularize more. In second case by having internal understanding of tax saving as well as converting black money into white they either donate money to the NGOs / charitable trusts promoted by political leaders or the so called religious ambassadors of God.
In fact the section 80-G of income tax is a big factor promoting black economy in India and its post-effect like hawala market. Assume an imaginary situation in which section 80-G of Income tax wiped out from all kinds of organisations except applicable for the donations Prime Minster Relief Fund and see and compare after one year the total amount donated in Prime Minster Relief Fund and the amount of previous year donated under section 80-G of Income tax to all kinds of organisations. And I am sure it will be a big variation.
Dr. Naresh Singh
B.A. (Hons.), M.A., M. Phil., Ph.D. (Socio), MBA (Finance)
Board of Director - Arth Microfinance Pvt. Ltd.
Board of Director - Kuldhara Credit Cooperative Society
Chairman - Aryan Public School
Chief Advisor - Janakalyan NGO
(Formerly Faculty with NMIMS Mumbai, EDI Ahmedabad, IHMR Jaipur)
Date: Sat, 23 Mar 2013 08:28:43 +0530
Subject: Re: [MTC Global] CSR & More
From: drjaganmohanreddy@gmail.com
To: join_mtc@googlegroups.com
After they have built their businesses and earned their glory, , every leader in the country craves for only one thing and that is the kind of respect Mr Ratan Tata commands. But this is the thing that is not earned overnight. It is built brick by brick by engaging deeply with the society they live in.
As rightly pointed out by CSR is at best a transition stage for the company. That is where you learn that there is more to business than profit margin. ....The real stage of development is when this becomes the mission of the company. ....not something you do once a while.
DrAJagan Mohan Reddy
IPE, , HYDERABAD
Sent from Samsung Mobile
-------- Original message --------
From: Surender Reddy Geedipalli <gsr123@gmail.com>
Date: 22/03/2013 20:49 (GMT+05:30)
To: join_mtc@googlegroups.com
Cc: "Prof. Bholanath Dutta" <bnath.dutta@gmail.com>,waghodekar@rediffmail.com
Subject: [MTC Global] CSR & More
Dear MTCians,
It is important that CSR must be closely aligned to the concept, culture and practice of Corporate Governance and Business Ethics of the companies; otherwise, the whole idea of CSR can be abused by the pliable managements of the big businesses and the unscrupulous politicians and administrators in positions of power and influence.
Regards,
Prof. G. Surender Reddy
Director,
M C Gupta College of Business Management,
O U Road, Nallakunta, Hyderabad - 500 007
On Fri, Mar 22, 2013 at 8:17 AM, Prabhakar Waghodekar <waghodekar@rediffmail.com> wrote:
Oh! God save Yourself now! We Indian wise are coming to You!!
________________________________________________________
On Fri, 22 Mar 2013 17:03:19 +0530 wrote
>This is an awkward revelation for both the giver (ITC, a Sustainability Champion
!) and the taker (Moily Trust). Just imagine what is going to happen when the
mandatory 2 % of the last three years average profit has to be spent on
CSR....God save me from being cynical !
On Fri, Mar 22, 2013 at 8:05 AM, Prof. Bholanath Dutta
wrote:
TOI reported from New Delhi on 18.03.2013 that the Kisan Sabha Trust of which M.
Veerappa Moily is the president allegedly received significantly large amounts of
donations (5 crores plus) from corporate giant ITC' CSR budget in September 2012
when he was the Minister for Corporate Affairs.
EDUCATE, EMPOWER, ELEVATE
Prof. Bholanath DuttaFounder, President & ConvenerMTC Global: ISO 9001: 2008
Certified
Participant: United Nations Global Compact
Website: www.mtcglobal.org/ www.knowledgecafe.org
president@mtcglobal.org / president@knowledgecafe.org
Cell: +91 96323 18178
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Regards,
Dr P H Waghodekar
Advisor (HR), IBS & PME (PG)
Marathwada Institute of Technology,
Aurangabad: 431028 (Maharashtra) INDIA.
(O) 02402375113 (M) 7276661925
E-Mail: waghodekar@rediffmail.com
Website: www.mit.asia
Engineering & Management Education: An Engine of Prosperity.
Classroom teaching must match with Boardroom needs!
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