Union Commerce and Industry Minister Nirmala Sitharamantoday said the government would question the companies, which would not invest the mandatory two per cent of their profits for CSR activities.
"If you (corporates) do not spend the money (two per cent of profit), the government can certainly ask why are you not spending. We will surely ask," she said at a CSR conclave organised by Indian Chamber of Commerce here.
Every corporate house has the responsibility to give back to the society, she said.
"Corporates are the wealth creators. But they also have a duty to the nation. Through CSR, you can create and nurture the wealth of society together with people who live there," Sitharaman said.
She said everyone expects the government to deliver, but actually it can only facilitate.
Source: http://www.business-standard.com/article/pti-stories/govt-to-question-firms-that-shirk-csr-work-sitharaman-114101301212_1.html
"If you (corporates) do not spend the money (two per cent of profit), the government can certainly ask why are you not spending. We will surely ask," she said at a CSR conclave organised by Indian Chamber of Commerce here.
Every corporate house has the responsibility to give back to the society, she said.
"Corporates are the wealth creators. But they also have a duty to the nation. Through CSR, you can create and nurture the wealth of society together with people who live there," Sitharaman said.
She said everyone expects the government to deliver, but actually it can only facilitate.
Source: http://www.business-standard.com/article/pti-stories/govt-to-question-firms-that-shirk-csr-work-sitharaman-114101301212_1.html
