Current Affairs Today - Current Affairs 2018

हिंदी करंट अफेयर्स प्रश्नोत्तरी 2018 के लिए यहाँ क्लिक करें.

Government launches National CSR Data Portal & Corporate Data Portal

The Union Ministry of Corporate Affairs (MCA) has launched National CSR Data Portal & Corporate Data Portal for bringing accountability and transparency for corporate India.

The portals aim to provide easy accessibility to general public and also ensure high level of compliance. It will also help in institutionalising and consolidating the CSR activities.

National CSR Data Portal

The portal will capture information on Corporate Social Responsibility (CSR) activities carried out by eligible companies, filed on MCA21 registry in their financial statements. It will contain all filed information that can help to generate pre-defined reports with respect to expenditure across states, districts and development sectors.

It will also provide feedback on projects to be given by registered users. Moreover, the open access to data will help researchers and also improve quality of data filed by companies, as well as involve intended beneficiaries in giving valuable feedback to companies.

Corporate Data Portal

The portal aims at making all financial and non-financial information of companies available in user-friendly format to general public. It will also have facility to generate pre-defined reports and also customised reports. The portal will enable greater transparency and creation of tools for stronger Corporate Governance.

Significance

These portals are expected to bring 100% transparency in corporate governance by making public over 4-crore filings of nearly 1.2 million companies. They will also promote corporate transparency and accountability to public at large. They are also expected to become platforms for learning and sharing of ideas and information. They will also facilitate social audit of CSR projects and bring together CSR contributors, implementers and beneficiaries and align CSR activities with national development goals.

Tags:

Mauritius was largest source of FDI in India in 2016-2017: RBI

According to Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17 released by Reserve Bank of India (RBI), Mauritius was largest source of foreign investment (FDI) in India.

The census yields carry comprehensive information on market value of foreign liabilities and assets of Indian companies arising on account of FDI, ODI and other investments.

Key Facts

Mauritius was largest source of FDI in India (21.8% share at market value) followed by USA, UK, Singapore and Japan. Singapore (19.7%) was major ODI destination, followed by Netherlands, Mauritius, and US.

18,667 companies had participated in census, of them 17,020 had FDI/overseas direct investment (ODI) in their balance sheets in March 2017. 96% of responding companies were unlisted in March 2017 and most of them had received only inward FDI.

Unlisted companies had higher share of FDI equity capital vis-a-vis listed companies. Further, over 80% of 15,169 companies that reported inward FDI were subsidiaries of foreign companies (single foreign investor holding over 50% of total equity).

The manufacturing sector accounted for nearly half of total FDI at market prices, information and communication services (ICTS) and financial and insurance activities were other major sectors that attracted FDI. Total sales, including exports, of foreign subsidiaries in India increased by 18.7% during 2016-17 whereas their purchases, including imports, increased by 20.1%.

Tags:

1...89101112...203040...6,419