Friday, September 20, 2013

India forces companies to start charitable giving - Hindustan Times

India forces companies to start charitable giving - Hindustan Times: Indian government still struggles to provide reliable basic services to a majority of its citizens, trapping hundreds of millions of them in poverty. Now the country's richest firms have been told they must help.


Under the new amended Companies Act passed last month by Parliament, large businesses have been asked to spend 2.0% of their profits each year on "Corporate Social Responsibility" (CSR).

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