Latest Breaking News On - Ugust 5 ani businesswire india the ministry of corporate affairs 39 recent revisions to social responsibility guidelines - Page 1 : comparemela.com
Mumbai (Maharashtra) [India], August 5 (ANI/BusinessWire India): The Ministry of Corporate Affairs' recent revisions to the corporate social responsibility guidelines, which makes CSR Impact Assessment mandatory, have significantly influenced the CSR landscape in India. With the new Corporate Social Responsibility Impact Assessment compliance now applicable, monitoring and evaluation have become a focus bringing credibility and accountability in the development sector. CSR is slowly coming of age with shift in the approach from philanthropy to creating sustainable impact. The new amendments require all Corporates with an average CSR obligation of Rs 10 crore or more in the previous three fiscal years to do CSR Impact Assessment Studies of their projects through independent agencies for projects above Rs1 crore. Impact Assessment assists corporates in assessing how their CSR projects are impacting communities and in tracking the on-the-ground impact of their CSR efforts. The increas