Corporate Social Responsibility (CSR)
The purpose of CSR is to give back to the community, take part in philanthropic causes and create positive social value. In India, CSR activities by companies are guided by section 135 of companies act. · annual turnover of 1,000 crore INR and more, or a net worth of 500 crore INR and more, or a net profit of five crore INR and more. · spend of 2% of average PBT during the three immediately preceding financial years · Areas of activities a. Eradicating hunger, poverty and malnutrition, and making available safe drinking water. b. Promoting education, including special education and employment enhancing vocation skills. c. Promoting gender equality, empowering women, setting up homes and hostels for women and orphans. d. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water . e. P