The results are based on disclosures of 1,181 listed companies on BSE that had to comply with Section 135.
(Representational Image; Photo: PTI)
New Delhi: In a major boost to the CSR activities, over 90 per cent of companies have complied with provisions of Section 135 of Companies Act 2013. The results are based on disclosures of 1,181 listed companies on BSE that had to comply with Section 135.
“In the first financial year, around Rs 6,400 crore has been spent. Almost 55 per cent of that has been channelled to education, skills, livelihoods, health and sanitation,” according to a CII-ITC Centre of Excellence for Sustainable Development report.
Most of the companies have projects in industrialised parts of the country, Maharashtra and Gujarat leading the pack. Only about two percent of Rs 6,400 crore have gone to PM’s relief fund. CESD analysis reveals that 87 per cent of the eligible listed companies have actually spent on CSR, though around 52 per cent spent less than two per cent.
Download the all new Deccan Chronicle app for Android and iOS to stay up-to-date with latest headlines and news stories in politics, entertainment, sports, technology, business and much more from India and around the world.
( Source : deccan chronicle )
Next Story
