Categories: Business

Anurag thakur urges firms to take up CSR work

Photo: FILE

Anurag thakur urges firms to take up CSR work

new Delhi. Minister of State for Finance Anurag Thakur said on Monday that the industry should not have any hesitation about the expenditure of Corporate Social Responsibility (CSR) fund. He said that this will help in making the country a better place for the present and the next generation. Thakur, who is also handling the affairs of corporate affairs, also said that the government has made several changes to remove some provisions of the CSR Act from criminal category. Without naming anyone, he said that a multinational company had not spent even close to 500 crores in the last two years under CSR activities. He was then issued a notice. After that she was 'happy' spending money on this item. But now when the government has removed certain provisions from the category of criminal error, it is again shying away from spending that amount.

"On one hand we help companies so that they do not have to face criminal provisions but on the other hand if the company leaves crores, earns billions," he said in a 'webinar' (seminar conducted on the Internet) on CSR of Udyog Mandal FICCI. So why doesn't she want to spend a part of it on CSR activities, on Indians. "That is why the government was forced to add such streams in CSR at that time. That is why I urge all of you that we have a responsibility towards the country, a responsibility towards the people and I am sure that you will continue with the generous contribution that all of you have made and bring more people out of poverty and India Will make better place for existing and next generation.

The Minister urged the industry to stop pollution of rivers and create more awareness and help the government in the campaign against Corona virus. He said that pollution levels in rivers like Yamuna and Ganga have come down after 'lockdown'. This proves that the main cause of pollution is industry. Thakur said that this is a sign from nature. Therefore, the focus should not only be on profits but also on the contribution of society in various ways.

This post was published on July 27, 2020 7:57 pm

Content Team

Recent Posts

ICICI Bank raised Rs 15,000 crore from QIP, issued 41.89 crore shares to investors at Rs 358

Photo: BUSINESS INSIDER INDIA ICICI Bank closes QIP; garners Rs 15,000 cr from share sale new Delhi. ICICI Bank, the…

Jio-RCom spectrum sharing deal not connected with AGR liability | Jio-RCom spectrum partnership deal not linked to AGR liability, will not pay

Photo: YAHOO FINANCE Jio-RCom spectrum sharing deal not connected with AGR liability new Delhi. Reliance Jio's four-year-old telecom spectrum partnership…

Google Pixel 5 May Only Launch in XL Variant will be launched in India this year, only Google Pixel XL, phone will not be launched on small screen

Photo: GADGET 360 Google Pixel 5 May Only Launch in XL Variant San Francisco. Google is reportedly planning to launch…