Corporate Social Responsibility Current Affairs

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Ujjwala Sanitary Napkin initiative

The oil marketing companies have launched Ujjwala Sanitary Napkin Initiative, as part of their corporate social responsibility (CSR) in Odisha.

According to the data from the National Family Health Survey-4, overall use of sanitary napkins in Odisha is 33.5 per cent and only 42.8 per cent of rural women between the age of 15 and 24 years use proper hygienic methods of protection during menstruation. The oil companies came up with this initiative keeping this scenario in mind.

About the Initiative

Under the Initiative:

  • Around 100 local manufacturing units will be set up by oil marketing companies at Common Service Centres (CSCs) across 93 blocks in all 30 districts of Odisha.

Common Service Centres

Common Service Centres are physical facilities for delivering Government of India e-Services to rural and remote locations where availability of computers and Internet was negligible or mostly absent.

  • Each facility will have the capacity to produce 1200-2000 pads each day.
  • Each facility will also have a sterilization room to ensure that the napkins are sterilized before they are packed for use of rural women.
  • The companies will provide machineries and raw material for one time. Then the women will manage it and earn by selling the pads.
  • The women will also be provided with proper training in the manufacturing and sale of sanitary napkins and the Ujjwala beneficiaries will also be provided with the job.

The oil companies have started this initiative on a pilot basis and would be expanded across the state if the module gets success.

Month: Categories: India Current Affairs 2018

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Government sets up Injeti Srinivas High Level Committee on Corporate Social Responsibility

The Union Ministry of Corporate Affairs (MCA) has constituted High Level Committee on Corporate Social Responsibility – 2018 (HLC-2018) under Chairmanship of Injeti Srinivas, Secretary, MCA. It will review existing framework and guide and formulate roadmap for coherent policy on Corporate Social Responsibility (CSR).

Committee’s Terms of Reference

It will review existing CSR framework as per Act, Rules and Circulars issued from time to time and recommend guidelines for better enforcement of CSR provisions. It will analyze outcomes of CSR activities, programmes and projects and suggest measures for effective monitoring and evaluation of CSR by companies. It will also give suggestions on innovative solutions, use of technology, platform to connect stakeholders, and social audit. It will submit its report to Government within three months from date of holding its first meeting.

Corporate Social Responsibility (CSR)

CSR is referred as initiative undertaken by CST to assess and take responsibility for company’s effects on environment and impact on social welfare and to promote positive social and environmental change. Its basic philosophy is that income is earned only from the society and therefore it should be given back. Thus, CSR aims at promoting responsible and sustainable business through inclusive growth.

The provisions of section 135 of Companies Act, 2013 (Act) pertains to CSR. The existing provisions of in Companies Act, 2013 fully empower Board of Company to decide on their CSR Policy, approve projects and oversee implementation. Under this Act, any company with net worth of Rs 500 crore or more or turnover of Rs 1000 crore or more o net profit of Rs 5 crore or more has to spend at least 2% of last 3 years average net profits on CSR activities as specified in Schedule VII of Act.

Month: Categories: India Current Affairs 2018

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