CSR Journal, an online portal, set up by a group of mumbai-based reporters, theCSRjournal.in is dedicated to all news and events in the field.
India has always had a rich tradition in Corporates contributing towards activities that help society at large. The globalization has made it necessary for a more structured approach to this.
The Companies Act 2013 mandate enterprises, having a net worth of more that Rs. 500 crores or having an annual turnover of more than Rs. 1000 crores, spend at least 2% of their net profits in CSR activities. With this statutory imposition, there is a tangible need to bring focus on various CSR activities to unleash hidden synergies between the corporates.