What qualifies as CSR and what does not?

Trees in your company campus, jobs for people with disabilities and fuel-efficient office cars may be good for the society and the environment. Continue the good work, but none of that counts as corporate social responsibility (CSR) under the law. With the first full fiscal year in which companies must report CSR compliance drawing to a close, there is still widespread confusion about what exactly counts as CSR.

The 2013 companies law directs firms to spend at least 2% of their average three-year net profit on CSR activities every year. Noshir Dadrawala, chief executive officer (CEO) of CAP, which provides advisory services to companies on CSR compliance, points to the part of law that says, “CSR activities should exclude activities undertaken in normal course of business.”

According to Dadrawala, the statement means you cannot take up an activity that profits your business directly, and name it CSR. This does not mean that you cannot use CSR to garner goodwill. For instance, Maruti Suzuki India Ltd, as part of its CSR, partners Industrial Training Institutes (ITIs) to train skilled workers, some of whom it hires.

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Via – Livemint.com

Current Affairs sections updated with February 2015 events

The Current Affairs sections:

Notes on Current Affairs
Current GK
Appointments Etc
Sports News

have been updated with February 2015 news.

These sections are useful for those preparing for Civil Services Exam, UPSC Exams, SSC Exams, Assistant Grade Exam, LIC and other Insurance Recruitment exams, Defence Services exams like NDA & CDS, Bank PO, RBI, Clerks’ Recruitment Exams, MBA, Hotel Management, CLAT, CSAT etc

The 9 limits of our planet … and how we’ve raced past 4 of them

Johan Rockström says humanity has already raced past four of the nine boundaries keeping our planet hospitable to modern life.

We’ve been lucky, we humans: For many millennia, we’ve been on a pretty stable — and resilient — planet. As our civilizations developed, we’ve transformed the landscape by cutting down forests and growing crops. We’ve created pollution, and driven plants and animals extinct. Yet our planet has kept spinning along, supporting us, more or less stable and in balance. Going forward, scientists have recently proposed, all we need to do is stay within some limits, nine upper boundaries for bad behaviour.

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Disasters cost India $10bn per year: UN report

A new United Nations global assessment report on disaster risk, released last week, says India’s average annual economic loss due to disasters is estimated to be $9.8 billion. This includes more than $7 billion loss on account of floods.

The global assessment report (GAR) 2015, produced by the UN Office for Disaster Risk Reduction (UNISDR), has urged countries, particularly in Asia, to treat this as a wake-up call and make adequate investment in disaster risk reduction (DRR) or it will hinder their development.

“The report is a wake-up call for countries to increase their commitment to invest in smart solutions to strengthen resilience to disasters,” head of UNISDR Margareta Wahlstrom said.

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Via - The Times of India

Budget Impact – States’ burden to run 32 of 63 schemes shoots up

State governments will now have to bear either the entire or an increased financial burden to run half the schemes being rolled with the assistance of the Centre.

At least eight centrally sponsored schemes will henceforth not get any Union finances at all while 24 schemes will see significant cuts in central share with the states having to put in money.

The eight schemes which stand de-linked from central funding are — the National e-governance plan, Backward Region Grant Funds, scheme to modernise police, another to develop export infrastructure, the scheme for setting up 6,000 model schools, the National Mission on Food Processing, the Rajiv Gandhi Panchayat Empowerment Scheme and lastly, the scheme on tourist infrastructure.

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Via - tribuneindia.com

What is net neutrality?

The U.S. Federal Communications Commission has set new rules to regulate Internet providers. ISPs would be barred from blocking or slowing access to any website or content on the web, for instance to benefit their own services over those of competitors.

CLICK HERE for details about the concept of net neutrality and the FCC’s work to regulate Internet traffic

Via - The Hindu

A look at India’s last five annual budgets

With the BSE Sensex gaining nearly 30 percent in 2014 and about 6 percent so far this year, investors are eagerly awaiting reforms in the budget, which is being billed as a “make-or-break” event for the government of Prime Minister Narendra Modi.

Based on a new calculation method, India grew 7.5 percent year-on-year in the last quarter and is on track to expand 7.4 percent in the year through March 31, but experts say the revised growth numbers are at odds with evidence on the ground.

Here’s a look at budgets between 2010 and 2014 — the hits, the misses, and how they affected the common man.

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ViaReuters.com