India Inc Beats Mr Scrooge Hands Down in Art of Giving


Only 14 Nifty cos spent 2% of net profit on CSR in FY15

India Inc has been slow to warm up to new rules on corporate social responsibility (CSR) spending with only 14 Nifty companies managing to spend the mandatory 2% of net profit towards social causes in FY15.

A study of annual reports of Nifty companies by ET Intelligence Group showed that 48 companies spent a combined `. 4,252 crore during FY15. This is 1.6% of the standalone net profit earned by Nifty companies for FY15.Two companies are yet to publish their annual reports...............Read more

 

Source:  The Economic Times (Mumbai)


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