The Tatas, for instance, Indian Institute of Science, Tata Institute of Social Sciences Tata Instit

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The new company law has been approved by both Houses of Parliament. Therefore, the minimum net worth of at least Rs 500 crore to Rs 1,000 crore revenue or profit of more than Rs 5 crore, it will be mandatory for companies in the last three years, social their average net profit of 2 per business Responsibility (CSR) spending.
The basic thing is to ignore the law, companies that do business not the work of the charity. Pay dividends to its shareholders of the Company chic way to work. No personal act of corporate philanthropy. Billions of dollars to charity, rather than Microsoft's Bill Gates are planted. Indian businessman behind true food kitchen santa monica CSR because it is not your responsibility to play for social change and the redistribution true food kitchen santa monica of property of the United Progressive Alliance true food kitchen santa monica (UPA) at the top of the agenda, it can have many side effects.
Now companies will be asked to loosen their wallets and part of it will be spent on the poor. I can see that UPA leaders addressing rallies true food kitchen santa monica in the 2014 general election, he will say that how thousands of crores raised through CSR. Some things are equally alarming. Firstly, the fault is widespread in all government welfare schemes and how we can be sure that some will go wrong! Potential true food kitchen santa monica beneficiaries are expected to benefit from the extremely weak. The second thing is how it will be ensured that the money is being spent by companies associated with NGO leaders and contractors or friends, families or senior ï enforcement officers will not reach the institutions?
Third, the law says that while the costs of CSR, companies must give preference to local area or the area where they are operational. Is that a picture of regional imbalance and will not be worse? Most of the money will be spent only in some states. CSR in Bihar and West Bengal, who will? Certainly CSR consultants are ready to make a lot of money in the new system. Indian businessmen often than the 19th-century American businessmen are robbers, who resorted to the tactics all the way to strengthen. But those Americans who laid the foundation of many public institutions still exist - but few can claim to constitute the scale.
The Tatas, for instance, Indian Institute of Science, Tata Institute of Social Sciences Tata Institute of Fundamental Research and the foundation of the Ram Lala Ram College of Commerce, Lady Shri Ram College and Shri Ram Centre of Indian art. But this list is very short. One reason is that the first round of liberalism was taken strictly from Indian traders. So many of them had to sell to pay for their shares. At stake were they run their companies - a moment that this situation Tata Steel, Tata Sons has more than the share of the Birla family. By the mid 1980s it was fully exposed weakness, when Swaraj Paul bet on Escorts and DCM. No Indian business can not forget him.
He was first and foremost if they had money to spend, then it increased its stake in the company. The other thing that most traders understand themselves and future generations of family property to guard it and want to grow. The third thing that Indian businessmen are just going through a growth phase and as much money as they can muster, his need them. The expansion plans of many of them to their shares are pledged. true food kitchen santa monica
Yet some Karobarrion are major steps towards true food kitchen santa monica the charity. Indians who share some of their wealth to philanthropy is different, in that list are the names Slowly but steadily increasing. Azim Premji of Wipro's true food kitchen santa monica 20.7 per cent stake in the two phases have been transferred to the Azim Premji Foundation. C PN Menon Sobha Developers and promoters of Dubai has announced that he will donate to charity half of your property.
Under current estimates, this amount is around Rs 3,600 crore. Bharti Mittal family DLF's Singh Family Foundation and JP Morgan fund imagine due to the contribution of Morpria target of Rs 200 crore and Rs 25 crore in reserves ballooned. Infosys co - founder Nandan Nilekani's wife Rohini Nilekani for Philanthropy recently sold 577 000 shares at Rs 160 crore.
Philanthropy occurs naturally, it can not be forced. CSR provisions in the new Companies Bill, unfortunately, the government has tried to do it with. Traders will have to face it. Economy