CSR funds cannot be misused and they are not meant for tax savings. Anybody making that statement has not studied the Act and rules of CSR. This is perhaps only law where loopholes are plugged immediately on any such finding and there is a strict audit on CSR liability of company covered under the law and utilization of CSR funds.
Regards
Virendra Goel
From: join_mtc@googlegroups.com [mailto:join_mtc@googlegroups.com] On Behalf Of Stephen Narayanan
Sent: Wednesday, July 20, 2016 11:55 AM
To: join_mtc@googlegroups.com
Subject: Re: [MTC Global] Provide higher education to poor girls from CSR funds
CSR is now just relegated to a Tax Savings measure which many corporate have found a good source of saving income by investing a small percentage of the same in some or the other cause.
Yesterday Minister of State for Home - Mr. Kiren Rijiju gave out statistics that Foreign Aid ban on 10,000 NGO's in last year and over 14,000 Outfits were barred from receiving overseas funds since 2012. The proud statistics that the government has rolled out signals the death of one more sector - NGO's. One may argue that the NGO's were being funded for subversive activities. Quite possible that some black sheeps may be there in the crowd but to tar every NGO with the same brush of taint is something which isn't wise. Having worked in NGO sector briefly before my switch to Academics, I know that there are NGO's who do a lot of yeoman's service and there are foreign funding agencies who appreciate their work and give them help and financial support but alas, with government restrictions many NGO's are now in their last lap of survival. Come to think of it the globally present NGO - Bill & Melinda Gates too was axed by this Government.
Government's mere sloganeerings tom-toming new initiatives and allocations of funds are mere eyewash and a political upmanship and vote bank politics. In reality even the promised funds hardly ever reach the beneficiary.
However the bright side is that regardless of non availability of foreign donations, irrespective of blockades and hurdles coming their way, there are people who are dedicated to serving for a cause even if it means spending their hard earned money and they are behind the scene stage actors who don't care about name, fame or recognition but continue to do the good work.
Warm Regards,
Stephen Narayanan
Mob.:-9868386192
On Wed, Jul 20, 2016 at 9:46 AM, VIJAYAN CHANDRAN <vijayan.c@rediffmail.com> wrote:
Dear Bholanath Dutta,
A very good morning to all of you as well as for Bholanath Dutta sir. As I informed you already I read your mails regularly and for management teachers your information is very good and important. I support CSR in our country. But when a term in itself is vague is not waste in supporting that type of term.
My doubts are: Please correct me if I am wrong:
1. CSR has not been defined properly in our country until now. So contributing for that purpose how far is it correct?
2. If I do CSR in my state can it be called as CSR.
3. What type of activities can be called as CSR is there any list. As a lawyer I know pretty well how it is being distorted in the market now a days.
4. Once a company becomes eligible for CSR and again if its profits comes down, does it mean that they need not contribute.
5. How you will audit? Are we having enough accounting mechanisms for social audit?
6. Also when we are promoting CSR are we accepting the defeat of our so called elected democratical governments as it is the primarily responsibility of the government to take care of the society.
Not only Bholanath dutta sir any body could you please contribute for my doubts.
thanks and regards,
amicably,
Vijaya Chandran
On Tue, 19 Jul 2016 19:16:04 +0530 "Prof. Bholanath Dutta" wrote
>I also support Corporate CSR fund too can be used for the same...
DEHRADUN: Uttarakhand governor KK Paul on Monday directed the state government to ensure that the girls, who are from remote hill areas and belong to unprivileged families, are given subsidized higher education from the Corporate Social Responsibility (CSR) funds of private universities in the state.
"So many private universities are coming up in the state and they should give back to the society. If these girls get higher education from the CSR funds, it will change their lives. I am sure this initiative will bring positive change for girl students in the state. Education certainly empowers a person and we intend to empower the girls," the governor said.
Source: TOI
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EDUCATE, EMPOWER, ELEVATE
Prof. Bholanath DuttaFounder & President MTC Global: An Apex Global Advisory Bodyin Management Education, ISO 9001: 2008Partner: UN Global Compact I UN Academic Impact www.mtcglobal.org IEmail: president@mtcglobal.orgCell: +91 96323 18178 / +91 9964660759
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