Question
The provisions of Corporate Social Responsibility is
applicable to those companies which have a net profit is more than _____?Solution
The CSR provisions within the Act is applicable to companies with an annual turnover of 1,000 crore and more, or a net worth of Rs. 500 crore and more, or a net profit of Rs. 5 crore and more. In India, the concept of CSR is governed by clause 135 of the Companies Act, 2013. Reliance Industries Ltd spent a record Rs 1,184.93 crore in fiscal year ended FY22 on Corporate Social Responsibility (CSR) initiatives that spanned oxygen delivery during second wave of the pandemic, education and healthcare. Reliance produced 1,000 tonne of oxygen every day during the second wave and provided it free to states for over 1 lakh patients. Under its rural initiative, it created 121 lakh cubic meters of water harvesting capacity.
The Human Development Index (HDI) was developed by a select team of leading scholars, development practitioners and members of the Human Development re...
MoCA has accorded 'in-principle' approval for setting up of 21 Greenfield Airports. What do you understand by Greenfield Airports?
With reference to the Indian economy, consider the following statements :
1. ‘Commercial Paper’ is a short-term unsecured promissory note.
According to the Harrod - Domar growth model, the GDP is ___
Which of the following statements is/are true with respect to the Non-Banking Financial Companies ?
I. A Non-Banking Financial Company (NBFC) is ...
Which of the following does not falls in the category of revenue expenditure?
Which of the following is not one of the Domestic Systemically Important Insurers (D-SIIs) for 2021-22?
What is the purpose of setting up of Small Finance Banks (SFBs) in India?
1. To supply credit to small business units
2. To supply credit ...
The ‘Mudra Bank’ is a subsidiary of—Â
Consider the following statements about New Development Bank:
1. New Development Bank has been set up by APEC.
2. The headquarters of New ...
