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The year 2014-15 was the first year of implementation of Corporate Social responsibility (CSR) by companies under the Companies Act, 2013. CSR expenditure by the companies for the year 2014-15 & 2015-16 have been compiled by the Ministry. The CSR expenditure for North - East by companies who have spent any amount of CSR for the financial years 2014-15 and 2015-16 is as given in the Table below:
CSR Expenditure ( In Rs. Crores )
SI. No. | STATE (S) | 2014-15 | 2015-16 | |
1 | Arunachal Pradesh | 11.03 | 1.22 | |
2 | Assam | 133.07 | 160.39 | |
3 | Manipur | 1.57 | 5.80 | |
4 | Meghalaya | 3.52 | 3.81 | |
5 | Mizoram | 1.03 | 1.08 | |
6 | Nagaland | 1.11 | 0.95 | |
7 | Sikkim | 1.03 | 1.87 | |
8 | Tripura | 1.16 | 1.47 | |
Grand Total | 153.52 | 176.59 | ||
Various workshops/seminars/conferences are organised by Government, Institutes & apex Business Chambers in order to increase awareness of the CSR provisions and improve compliance.
This was stated by Shri P.P. Chaudhary, Minister of State for Law & Justice / Corporate Affairs in written reply to a question in Rajya Sabha.
Corporate Social Responsibility: companies' reported North East expenditures increased, with government workshops promoting compliance as compiled by Ministry. Corporate Social Responsibility under the Companies Act, 2013 was implemented in 2014-15 and the Ministry compiled state wise CSR expenditure for eight North East states for 2014-15 and 2015-16, showing an aggregate increase in the regional total, with Assam the largest contributor. Government bodies and business chambers conduct workshops and seminars to raise awareness of CSR provisions and improve compliance, as reported by the Minister of State in a written parliamentary reply.Press 'Enter' after typing page number.