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CPSEs spend Rs 10,806.92 crs in CSR projects in 03 yrs

By IndianMandarins- 27 Dec 2018
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384 CPSEs invested Rs 10,806.92 crore in corporate social responsibility (CSR) activities and projects from FY 16 to 18 in accordance with CSR Policy Rules 2014.

 

According to official data, 106 CPSEs spent Rs 4028.04 crore in 2015-16, 126 PSUs Rs 3,336.50 crore in 2016-17 and 152 enterprises Rs 3,442.38 crore in 2017-18 in CSR activities.


As per CSR provisions of the Companies Act, 2013, CPSEs take up CSR activities on the recommendations of their CSR Committees constituted with the approval of boards of respective CPSEs. All CPSEs are mandated to implement such activities and projects out of the activities listed in the Companies Act, 2013 in pursuance of their CSR policy as notified by the ministry of corporate affairs in companies (CSR Policy) rules, 2014. The department of public enterprises (DPE) is the nodal department for CPSEs but it does not have any CPSE under its direct administrative control.

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