Assessment of CSR activites of PSUS and private companies

Press Information Bureau

Government of India

Ministry of Corporate Affairs

15-March-2016 17:57 IST

Assessment has been made of CSR activities being undertaken by the PSUs  and private sector companies in the country since its implementation. The year 2014-15 was the first year of implementation of Corporate Social Responsibility (CSR) under the legislation. CSR expenditure data of 460 listed companies, which have placed their annual reports on their websites, indicates that 51 Public Sector Undertakings (PSUs) and 409 private sector companies together spent about ₹ 6337 crores on CSR during 2014-15, as summarised below:

CSR expenditure during 2014-15

(in Rs. Crore)

 CSR provision of the Companies Act 2013, and Rules made there under, do not prescribe any physical targets for companies.

 This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha today.

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