<h1>High Level Committee Report on CSR Implementation Released; No Standardized Tax Exemptions Planned; Companies Act Review Ongoing.</h1> A government-constituted High Level Committee has submitted a report on monitoring the implementation of Corporate Social Responsibility (CSR) policies. The report and recommendations are available on the Ministry's website. The government does not plan to standardize tax exemptions for CSR activities. The Companies Law Committee is reviewing potential amendments to the Companies Act, 2013, and related rules. Companies must develop CSR policies as per Section 135 of the Companies Act, 2013, Schedule VII of the Act, and the Companies CSR Policy Rules, 2014. This information was provided by the Minister of Corporate Affairs in a written response to the Lok Sabha.