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152 CPSEs incurres Rs. 3442.38 Cr. for CSR

Dec 19th, 2018 1:22 pm | By | Category: LATEST NEWS

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(THE NEWSMAN OF INDIA)
One hundred six CPSEs incurred an expenditure of Rs. 4028.04 crore during 2015-16, 126 CPSEs Rs. 3336.50 crore during 2016-17 and 152 CPSEs Rs. 3442.38 crore during 2017-18, for undertaking CSR activities and projects.This information was given by the Minister of State for Heavy Industries & Public Enterprises in the Lok Sabha today.

As per CSR provisions of Companies Act, 2013, CSR activities are taken up by the CPSEs on the recommendations of CSR Committee constituted with the approval of Boards of respective CPSEs. All CPSEs qualifying for CSR expenditure are mandated to implement CSR activities and projects out of the activities listed in the Companies Act, 2013 in pursuance of their CSR policy by following the procedure as notified by Ministry of Corporate Affairs in Companies (CSR Policy) Rules, 2014.

Department of Public Enterprises (DPE) is the nodal Department for Central Public Sector Enterprises (CPSEs) but it does not have any CPSE under its direct administrative control. The CPSEs function under various Ministries and Departments of Government of India.

Department of Public Enterprises has not received any Social Audit Report to track CSR funds by CPSEs.

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