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.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more