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Noida: With several leading companies, including Maruti Suzuki, ACC Cement, Uflex and National Fertilisers, having already stepped in to plug the gaps. ....
Companies using their corporate social responsibility (CSR) funds to create health infrastructure for Covid-19 is an eligible activity , said the government on Wednesday as it encourages resources to fight a second wave of infections. Resources to establish medical oxygen generation and storage plants and manufacturing and supply of oxygen concentrators, ventilators, cylinders and other medical equipment for Covid-19 will be regarded as CSR activities, said the corporate affairs ministry in a circular posted on Twitter. Companies, including state-owned, can work on Covid-19 healthcare either themselves or in collaboration with others. The ministry had in April said that spending funds on setting up makeshift Covid-19 hospitals and temporary care facilities will be considered as an eligible CSR activity. It was a clarification of circular it issued last year during the first wave of Covid-19 infections. ....
Updated: April 22, 2021 21:18 IST Citing the example of temporary COVID care facilities set up by the DRDO in the capital, Corporate Affairs Secretary said companies can do the same in tandem with States Share Article AAA Preparation under way by DRDO to set up a hospital with 500 beds equipped with ICU facilities for CVOID-19 patients near the airport in New Delhi. | Photo Credit: Shiv Kumar Pushpakar Citing the example of temporary COVID care facilities set up by the DRDO in the capital, Corporate Affairs Secretary said companies can do the same in tandem with States Urging Corporate India to help the government battle the second wave of COVID-19, the government on Thursday asked them to consider setting up temporary COVID-care facilities and makeshift hospitals to treat the rising number of cases needing medical care. ....
CSR funds not used for implementing govt schemes: MoS Finance SECTIONS Last Updated: Mar 16, 2021, 04:29 PM IST Share Synopsis Minister of State for Finance and Corporate Affairs Anurag Singh Thakur, during Question Hour in the Rajya Sabha, said there is a clear definition in the Schedule 7 of the Companies Act 2013 where all CSR funds can be spent. Minister of State for Finance and Corporate Affairs Anurag Singh Thakur The government on Tuesday informed Parliament that corporate social responsibility (CSR) funds are not used for implementing the government s central schemes. Minister of State for Finance and Corporate Affairs Anurag Singh Thakur, during Question Hour in the Rajya Sabha, said there is a clear definition in the Schedule 7 of the Companies Act 2013 where all CSR funds can be spent. ....
Raising capital for a better India × Today, there is a new breed of startups that occupy the space between for-profit ventures and NGOs, bringing the startup DNA and ‘tech-for-good’ into public and social sectors for disruptive innovations to solve some of society’s big problems. These start-ups can access non-dilutive, non-equity funds such as grant funds, philanthropic capital, CSR funds, impact investments and other creative finance models to operate. If you are a social impact or non-profit entrepreneur solving for developmental challenges that are not currently the focus of market forces, here is a sneak peek into raising stage appropriate capital for your organisation, along with the sources of funding. ....