Sarbananda Sonowal launches New CSR guidelines ‘Sagar Samajik Sahayog’

Sarbananda Sonowal launches New CSR guidelines ‘Sagar Samajik Sahayog’

Daily Current Affairs / Sarbananda Sonowal launches New CSR guidelines ‘Sagar Samajik Sahayog’

Change Language English Hindi

Category : Business and economics Published on: June 29 2023

Share on facebook

The Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal, has introduced a set of new corporate social responsibility (CSR) guidelines called 'Sagar Samajik Sahayog' by the Ministry of Ports, Shipping & Waterways.
Under the new CSR guidelines, ports in India will allocate a specific percentage of their net annual profit towards CSR activities.
The allocation will be based on the turnover of each port for the year.
Ports with an annual turnover of less than Rs 100 crores will allocate 3-5% of their net annual profit towards CSR initiatives.
Under CSR, companies integrate social and environmental concerns with their business partners with their stakeholders.
It is regulated under Section 135 of the Companies Act, 2013.
India is the first country in the world to make CSR mandatory.

Recent Post's

World renowned tabla maestro Pt. Swapan Chaudhary Kolkata was awarded the National Tansen Award for the year 2023.
Read More....
West Bengal Chief Minister Mamata Banerjee launched the "Banglar Bari" scheme to provide housing for the rural poor in the state.
Read More....
On 19th December 2024 in Goa, the 4th Asian Roll Ball Championship concluded with the Indian team's victory, winning the gold medal.
Read More....
Masali village in Banaskantha district, Gujarat, has become the first border village in India to run on solar energy.
Read More....
Indian environmentalist Madhav Gadgil has been awarded the United Nations Environment Programme (UNEP) Lifetime Achievement Award 2024.
Read More....
Tom Cruise was awarded the U.S. Navy's highest civilian award.
Read More....
The Indian Army has launched the AI Incubation Centre in Bengaluru to enhance its technological advancements and adopt Artificial Intelligence (AI).
Read More....
India will host the World Para Athletics Championship-2025 at Jawaharlal Nehru Stadium in New Delhi from 26th September to 5th October 2025.
Read More....
Chennai-born Indian-American Caitlin Sandra Neil was crowned Miss India USA 2024.
Read More....
Uttarakhand will implement the Uniform Civil Code (UCC) from January 2025, making it the first state in India to do so post-independence.
Read More....