Press Information Bureau

Government of India

Ministry of Corporate Affairs

15-March-2016 17:57 IST

Assessment has been made of CSR activities being undertaken by the PSUs  and private sector companies in the country since its implementation. The year 2014-15 was the first year of implementation of Corporate Social Responsibility (CSR) under the legislation. CSR expenditure data of 460 listed companies, which have placed their annual reports on their websites, indicates that 51 Public Sector Undertakings (PSUs) and 409 private sector companies together spent about ₹ 6337 crores on CSR during 2014-15, as summarised below:

CSR expenditure during 2014-15

(in Rs. Crore)

Sl.  No	Company Type	No. of Companies		Actual CSR Expenditure	Mandated CSR Expenditure
1	PSUs		51	2386.60	3359.84
2	Private Sector Companies		409	3950.76	4987.63
	Total		460	6337.36	8347.47

 CSR provision of the Companies Act 2013, and Rules made there under, do not prescribe any physical targets for companies.

 This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha today.

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DSM/KA

 

Corporate Social Responsibility obligations: aggregate spending reported fell short of mandated levels in the first year of enforcement. Assessment of Corporate Social Responsibility obligations under the Companies Act compares actual CSR spending by 51 Public Sector Undertakings and 409 private sector companies (460 listed companies) with the mandated expenditure for the first year of statutory implementation, and notes that the statutory CSR provisions and Rules do not prescribe physical targets for companies.