CSR to Remain Voluntary in India, Everywhere Else

March 13, 2011 at 5:06 PM Leave a comment

The English translation is a tad inelegant, but the Hindustan Times reports that a new law in India will allow corporate giving to remain voluntary. It seems a designated minimum had been considered:

The government is unlikely to thrust companies with a mandatory spend on philanthropy as was being debated earlier. The new Companies Bill will make a mention asking companies to spendĀ  up to 2% of their net profits on corporate social responsibility (CSR) but may not make it mandatory under a specific clause.

We at Giving Click don’t follow Indian parliamentary politics very closely; we wonder how likely to become law such a requirement ever was. Not very, we suspect.

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Entry filed under: Corporate Philanthropy & CSR, International.

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