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 Environment Day 2025 to focus on ending plastic pollution; South Korea to host global celebrations.
Read More....
Geneva to host second session of global plastic pollution treaty talks from August 5 to 14, 2025.
Read More....
RCB wins IPL title for the first time, ending Virat Kohli's 18-year-long wait.
Read More....
June observed as Men's Health Month to raise awareness about men's well-being.
Read More....
Karol Nawrocki wins Polish presidential election with 50.9% votes, defeating pro-EU candidate.
Read More....
India to need 1 million AI professionals by 2026; AI education and tech sector on the rise.
Read More....
PSG wins Champions League for the first time with record 5–0 win over Inter Milan.
Read More....
IIT Delhi and AIIMS sign MoU to set up AI research centre in healthcare.
Read More....
India elected to UN Economic and Social Council for 2026–2028 term.
Read More....
Two Rajasthan wetlands added to Ramsar list, taking India’s total to 91 sites.
Read More....