CSR: 400 companies spend Rs 5,857 crore in 2 years
Tuesday, March 28, 2017, 5:17 PM
Nearly 400 companies together shelled out about Rs.5,857 crore towards corporate social responsibility (CSR) activities in two years, Parliament was informed today. Under the Companies Act, 2013, a certain class of profitable companies is required to spend at least 2 % of their three-year annual average net profit towards CSR works in a fiscal. The norm came into effect on April 1, 2014.