In January, Unique Times conducted a seminal event discussing the CSR landscape in India, or Corporate Social Responsibility, which refers to the voluntary and philanthropic efforts made by companies to give back to society and have a positive impact on the environment and communities in which they operate. In India, CSR is mandated by law, with companies having to spend 2% of their net profits on CSR activities. These activities can include social entrepreneurship, promoting education, alleviating poverty, improving public health, protecting the environment, and promoting gender equality, among others. The implementation of CSR initiatives in India has seen a significant increase in recent years, with companies recognizing the importance of responsible business practices.
A decade ago ‘Social Business’ had been considered an oxymoron indicating that they are seemingly divergent economic paths. Several leading social entrepreneurs have proved over the years that it is not true and that social businesses thrive when they are looked at as businesses and not philanthropy. Prof Mohammad Yunus, Nobel laureate 2006 for peace has been widely recognised as the father of the 'microcredit' business ecosystem he originally developed in Bangladesh under the aegis of the Grameen Bank and spread across the world. His fundamental tenet in the microcredit movement has been to ‘use business principles to solve social issues’. The compelling thought also is ‘social problems’ are not for ‘others’ to solve but for every individual to roll up their sleeves and do their bit. Prof Yunus spoke at the recent social business lecture series hosted by ESAF Bank and came out with several thought-provoking ideas.
Bhutan: The Enchanting Jewel Of The Himalayas
Majestic snow-capped mountains, picturesque valleys, verdant forests, centuries-old Buddhist shrines and monasteries, fluttering prayer flags, a serene way of life and folks boasting the best happiness index in the world...this Land of the Thunder Dragon has much more to entice those with wanderlust.
Bail - Emerging Trends In The Context Of Money Laundering Laws
The Hon'ble Supreme Court in case of Manish Sisodia Vs Directorate of Enforcement 2024 SCC Online 1920 has upheld certain key propositions that where a trial has not merely been delayed but has not even commenced after a long period of incarceration, the same would be violative of Article 21 of the Constitution of India.
Toyota, Maruti Suzuki Boost Hybrid Vehicle Sales in Uttar Pradesh Amid Tax Waivers, Spark Industry Debate
Toyota and Maruti Suzuki are ramping up marketing efforts for hybrid vehicles in Uttar Pradesh, leveraging new state tax waivers that offer buyers savings of up to $15,800 on luxury models like the Toyota Vellfire.
Supreme Court Rejects AAP Government's Plea to Expand NRI Quota in Punjab Medical Colleges
The Supreme Court rejected the AAP-led Punjab government's plea challenging the High Court's ruling against expanding the ‘NRI quota’ to include distant relatives for medical and dental college admissions.
USA's Delaware Supreme Court Confirms Byju's Default on $1.2-Billion Loan Amidst Ongoing Insolvency Proceedings
The Delaware Supreme Court has upheld a ruling that edtech firm Byju's defaulted on a $1.2 billion Term Loan B (TLB), validating claims made by US-based lenders.
India Approves Rs 3,300 Cr Semiconductor Packaging Plant in Gujarat, to Boost Chip Production
The Union Cabinet has approved a Rs 3,300 crore proposal from electronics manufacturer Kaynes to establish a semiconductor packaging plant in Sanand, Gujarat.
Thar Roxx: Your Perfect Off-Road Companion
To say that Mahindra knows the Indian customer really well, will be an understatement. Their biggest hits have come in various forms over the years, from the XUV500 to the XUV700 and the Scorpio N in recent times.
Exfoliate Your Way to Flawless Skin
Imagine waking up to smooth, glowing skin every day—skin that feels soft to the touch and looks naturally radiant without the need for heavy makeup or filters.
The Stinking Rose: Flavourful and Full of Health
Garlic, the humble bulb with a pungent aroma and a rich history dating back thousands of years, has earned a reputation not only in culinary delights but also as a powerhouse of health benefits.
Never give up!
In the earlier stage of your life, it was someone else who might have been gravely instrumental in shaping your viewpoints. Hence, it is supremely important to re-evaluate what you believe in, when you become an adult.
