Govt working on CSR reporting mechanism for PSUs
NEW DELHI . An appropriate mechanism is being developed for public sector companies to report about their Corporate Social Responsibility (CSR) activities, the government said on Monday.
The move comes at a time when the new legislation on companies require private firms to spend at least 2 per cent of three-year average annual profit towards CSR work.“The implementation of CSR guidelines is also monitored by the administrative Ministry/Department concerned with CPSEs. An appropriate mechanism is being developed for reporting,” Corporate Affairs Minister Sachin Pilot told the Rajya Sabha.
In a written reply, he also said that the Department of Public Enterprises (DPE) is not “centrally maintaining the data on CSR spending” by Central Public Sector Companies.
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