The ‘Giving’ Conundrum
India Inc.’s CSR spending has grown 13% in last five years but it is yet to make the desired impact.
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Philanthropy's Great Convergence
Philanthropy funds nurture innovative ideas for social good; CSR funds help roll out projects, and impact investments help ventures scale up for a change in society.
B20 proposes global sustainability finance fund
B20 is a forum that facilitates engagement between the international business community, G20 decision-makers, and governments.
Rich states - Mah, TN, Guj - corner most CSR spend; NE gets less than 1%
The top three development sectors receiving the CSR funds are education, healthcare, and rural development.
CSR implementation plagued by corruption, says watchdog
Some companies may divert or siphon off CSR funds for non-CSR purposes such as personal expenses, political donations, bribes, or illegal activities, says India CSR founder Rusen Kumar
The New-Age Givers
Modern-day philanthropists comprise not just heirs of legacy businesses but also founders of start-ups. The causes they support are out-of-the-box, too.
CSR shines, HNI philanthropy trails
Despite growth in their net wealth, ultra-high-net-worth individuals (UHNI) and high net worth individuals (HNIs) contributed less towards philanthropy.
Corporate CSR spends hide more than they reveal
Spending CSR funds on unknown purposes, building statues, temples or donating to unaccountable PM CARES Fund defeats its purpose of social responsibility
A strong balance sheet and RIL’s growth plans
The oil-to-telecom behemoth has created a strong balance sheet that supports growth plans for three hyper-growth engines—Jio, Retail, and O2C. And as part of CSR, it’s also in the healthcare space.
