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India Inc spends Rs 50,000 crore in CSR in FY15-18, but unspent amount higher at Rs 60,000 crore: Report

Updated : February 28, 2019 05:43 PM IST

The Companies Act, 2013 makes it mandatory for businesses with Rs 500 crore in annual revenues to set aside 2 percent of their profit for social good or affirmative action.
The cumulative spending from FY15-FY18 has topped Rs 50,000 crore, and includes Rs 34,000 crore by listed entities, accroding to a Crisil report Thursday.
India Inc spends Rs 50,000 crore in CSR in FY15-18, but unspent  amount higher at Rs 60,000 crore: Report

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