IDBI (Industrial Development Bank of India) and Bharatiya Mahila Bank (BMB) have together invested Rs. 4.17 crore in FY 2016-17 in comparison to Rs. 9.5 crore in FY2015-16. In FY 2016-17, IDBI has invested Rs. 4.17 crore, whereas BMB has not invested any amount in the corporate social responsibility sector. IDBI (Industrial Development Bank of India) and Bharatiya Mahila Bank (BMB) are the only public sector banks covered under the Companies Act and hence these two companies invest in Corporate Social Responsibility (CSR). The Public Sector Banks [except Industrial Development…
Month: May 2017
PSU CSR Funding increases 67% in FY2015-16
The corporate social responsibility (CSR) funding of central public sector units has increased by 67 per cent in FY2015-16. As per government report, an amount of Rs. 4,101 crore has been incurred by 106 central public sector undertakings during FY2015-16 for undertaking CSR activities/projects vis-a-vis Rs 2,450 crore has been incurred by 120 central public sector undertakings during FY2014-15. According to provisions on corporate social responsibility of the Companies Act, 2013, all companies, including CPSEs fulfilling threshold limits are required to spend at least 2 per cent of their average…
REC contributes Rs. 25 Cr towards Swachh Bharat Kosh
Rural Electrification Corporation (REC), a public-sector undertaking under the Ministry of Power has contributed Rs. 25 crore towards Swachh Bharat Kosh as per Corporate Social Responsibility (CSR). The cheque was handed over by P.V. Ramesh Babu, CMD, Rural Electric Corporation (REC), to Finance Secretary Ashok Lavasa, who is also the chairperson of the Swachh Bharat Kosh (SBK) as part of REC’s CSR activity. Also present were Parmeshwaran Iyer, secretary, ministry of drinking water and sanitation and Vivek Joshi, administrator, SBK and senior officers of REC. REC has also contributed Rs.…
9th ICT4D Conference to take place on 15-18 May
The 9th Annual ICT4D Conference will take place on 15-18 May, 2017 at Hyderabad International Convention Centre (HICC), Hyderabad. The ICT4D Conference provides a platform for sector experts, program managers, technical advisors and executives to come together to discuss best practices, explore possible applications of frontier technology and evaluate the impact they create in the journey to achieve the sustainable development goals (SDGs). The plenary sessions will examine how the power of data can be harnessed to create development impact. Senior government of India officials will deliver keynote addresses on…
Safe Kids and Pune Fire to train 100 Young Fire Marshals
At the launch of National Fire Service Week, Safe Kids Foundation and Pune Fire Department announced that 100 volunteers to be inducted as fire marshals, called Agni Surakhsa Mitras, to help deal with fire emergencies. These volunteers are being fully trained in fire safety procedures and will complete the Safe Kids at Home fire safety program. Funded by a Honeywell India grant, Safe Kids at Home is a home safety program to help prevent and reduce burns and scalds among children under 14 years old, in Pune. The program uses…