Prakash Javadekar releases patriotic song Watan for Independence Day

Union Information and Broadcasting Minister Prakash Javadekar released a patriotic song titled Watan in New Delhi to mark the occasion of Independence Day 2019. The special song has been created by public service broadcaster Doordarshan (DD) and Prasar Bharati for Independence Day.

About Watan Song

It pays tribute to New India, to the bravery and valour of armed forces and to martyrs of country. The song will add colour and fervour to celebrations of 73rd Independence Day of India.

The song highlights several path-breaking initiatives of government such as vision and determination behind recent successful launch of Chandrayaan 2, India’s second lunar exploration mission.

It has been sung by famous Bollywood singer Javed Ali and has been penned by lyricist Alok Shrivastav and music composed by Dushyant.

Song is being broadcasted by all  stations and kendras of Akashvani and Doordarshan.

Copyright Free: It has been made free of copyright by Doordarshan and Union Ministry of Information and Broadcasting for all FM stations, entertainment, news TV channels, social media and all other communication platforms to ensure that more citizens of country enjoy and share song.

Month:  Categories: Art & Culture

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High Level Committee recommends CSR expenditure to be made tax deductible

High Level Committee (HLC) on Corporate Social Responsibility (CSR) constituted by Ministry of Corporate Affairs recommended making CSR expenditure tax deductible and to make compliance violations as a civil offence that attracts penalties. Corporate Affairs Secretary Injeti Srinivas presented the Report of the High Level Committee on CSR to Union Finance Minister Nirmala Sitharaman.

High Level Committee on CSR was constituted in October 2018 under Chairmanship of Secretary (Ministry of Corporate Affairs) to review existing CSR framework and make recommendations on strengthening CSR ecosystem, including implementation, monitoring and evaluation of outcomes.

Key Recommendations of Committee

Make CSR expenditure tax deductible.

Allow carry-forward of unspent balance for a period of 3-5 years.

Allow CSR in social benefit bonds.

Promote social impact companies.

Third party assessment of major CSR projects.

Align Schedule 7 of Companies Act (which outlines the kinds of activities that qualify as CSR) with United Nations Sustainable Development Goals (SDG).

Companies that have a CSR-prescribed amount less than Rs.50 lakh may be exempted from constituting a CSR Committee.

Violation of CSR compliance may be made a civil offence and shifted to penalty regime.

It also recommends registration of implementation agencies on Union Ministry of Corporate Affairs (MCA) portal.

Balancing priorities: Report recommends balancing local area preferences with national priorities when it comes to CSR. It also suggests introducing impact assessment studies for CSR obligations of Rs.5 crore or more.

Develop CSR exchange portal to connect contributors, beneficiaries and agencies.

Committee report emphasizes on not treating CSR as a means of resource gap funding for government schemes.

Month:  Categories: Business, Economy & Banking

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