Showing posts with label Corporate Social Responsibility Plan. Show all posts
Showing posts with label Corporate Social Responsibility Plan. Show all posts
The government has said that the it will introduce Companies bill 2011 in forthcoming monsoon session of Parliament.
After releasing a book on Innovative March to New Horizon of Corporate Growth in New Delhi on Monday , Corporate Affairs Minister M. Veerappa Moily told reporters that the Bill as introduced in the Lok Sabha in a revised form in late 2011 is still with the Parliamentary Committee on Finance.
Apparently the Committee was not able to finaliased their recommendations in time and government hope that it will table at the very beginning of the Monsoon session.
Giving the details of his ministry's achievement, Mr. Moily said that his ministry was seeking approval of the Cabinet to introduce Competition (Amendment) Bill 2012. The Cabinet has decided to refer the pertinent issues for consideration by Group of Ministers. He said the Ministry has constituted a Committee to draft the National Competition Policy.
After detailed deliberations, the draft is ready and necessary steps are afoot for submission of note to cabinet.
The minister said that a committee appointed under the chairmanship of Mr. Adi Godrej to formulate the National Policy Guidelines on Corporate Governance is making good progress and it should be possible to have the draft policy framework ready for public discussion and debate by the end of next month or early August this year.
AIR correspondent reports that Corporate Ministry has planned number of steps to try and develop Corporate Social Responsibility, CSR as an important tool for nation building.
In the new economic environment, private sector must collaborate with the government in dealing with welfare of the weaker section of society.
After releasing a book on Innovative March to New Horizon of Corporate Growth in New Delhi on Monday , Corporate Affairs Minister M. Veerappa Moily told reporters that the Bill as introduced in the Lok Sabha in a revised form in late 2011 is still with the Parliamentary Committee on Finance.
Apparently the Committee was not able to finaliased their recommendations in time and government hope that it will table at the very beginning of the Monsoon session.
Giving the details of his ministry's achievement, Mr. Moily said that his ministry was seeking approval of the Cabinet to introduce Competition (Amendment) Bill 2012. The Cabinet has decided to refer the pertinent issues for consideration by Group of Ministers. He said the Ministry has constituted a Committee to draft the National Competition Policy.
After detailed deliberations, the draft is ready and necessary steps are afoot for submission of note to cabinet.
The minister said that a committee appointed under the chairmanship of Mr. Adi Godrej to formulate the National Policy Guidelines on Corporate Governance is making good progress and it should be possible to have the draft policy framework ready for public discussion and debate by the end of next month or early August this year.
AIR correspondent reports that Corporate Ministry has planned number of steps to try and develop Corporate Social Responsibility, CSR as an important tool for nation building.
In the new economic environment, private sector must collaborate with the government in dealing with welfare of the weaker section of society.
Union Minister for Corporate Affairs, Dr. M. Veerappa Moily today said that the Centre will soon unveil the National CSR or Corporate Social Responsibility Plan. Addressing the 3rd National CSR Conclave in Mumbai today, Mr. Moily said that the plan will link the development of corporate sector to the growth of India’s common man. Calling upon the business class to bridge the gap between the country’s haves and the have-nots, Mr. Moily said that business involvement in social welfare and development has been a tradition in India.
Mr. Moily said that business community with its vast resources can work with different communities to bring about an inclusive and sustainable future for all. He added that the challenges of poverty, illiteracy and malnutrition among others need to be addressed through suitable efforts and innovative solutions partnered by state and non-state actors.
Elaborating a close relationship between business and society, Dr. Moily said that business must consider the fact that with a dynamic CSR culture, society will benefit and when society benefits, investors also benefit.
Referring to the Global economy and CSR Dr. Moily said that Indian economy is considered the world’s ninth largest by nominal GDP and the fourth largest by purchasing power parity. He added that lately the Indian corporate sector has seen a period of high growth and has established a significant global footprint.
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