Govt to list out 500 firms based on CSR spend
Business Standard|September 21, 2024
Scheme portal to go live by Sep-end
RUCHIKA CHITRAVANSHI
Govt to list out 500 firms based on CSR spend

The Ministry of Corporate Affairs (MCA) is likely to bring out a list of 500 companies that can participate in the Centre's internship scheme, based on the average annual corporate social responsibility (CSR) expenditure of the previous three years, according to people in the know.

The scheme was announced by Union Finance Minister Nirmala Sitharaman during the Budget 2024-25.

The MCA will operationalise the internship scheme portal by the end of this month, when the companies would submit the details of the internship positions available with them, sources said.

Applications for the scheme will go through the online portal.

Companies, sources said, would not have direct access to the candidates. Once the candidates have applied for these internships, an MCA panel will select and forward the applications to the companies -- two for every single position.

The companies can then select or reject the candidates based on their requirements, sources said.

Bu hikaye Business Standard dergisinin September 21, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Business Standard dergisinin September 21, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BUSINESS STANDARD DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
FY25 as weak-earnings year is gradually getting priced in
Business Standard

FY25 as weak-earnings year is gradually getting priced in

Even as many blame record foreign portfolio outflows for the market downturn, the real culprit is weak earnings amid rich valuations, says GAUTAM CHHAOCHHARIA, head of global markets, India, UBS. In an interview with Samie Modak in Mumbai ahead of the UBS India Summit, Chhaochharia highlights that 2024-25 (FY25) weak earnings growth is now factoring into market expectations. Investors are shifting their focus to the actions of the Reserve Bank of India (RBI) and the central government, as well as the outcome of upcoming state elections. Edited excerpts:

time-read
2 dak  |
November 12, 2024
Business Standard

Non-disclosure of foreign property invites ₹10 lakh penalty per yr

Many high-net-worth individuals who allegedly own undeclared properties in Dubai have received notices from the tax office.

time-read
2 dak  |
November 12, 2024
Modest increase in SBI share price after Q2
Business Standard

Modest increase in SBI share price after Q2

Brokerages positively revise their earnings forecasts, maintain target price

time-read
1 min  |
November 12, 2024
Strong growth, margin metrics could support LIC's valuations
Business Standard

Strong growth, margin metrics could support LIC's valuations

In the September quarter (Q2FY25), LIC reported net premium income of ₹1.2 trillion, up 12 per cent year-on-year (Y-o-Y).

time-read
2 dak  |
November 12, 2024
Business Standard

Mkts settle flat on FPI selling

Benchmark stock indices Sensex and Nifty closed flat in highly volatile trade on Monday as continuous foreign portfolio investors (FPI) selling, disappointing quarterly earnings and weak trends from Asian markets dented investor sentiment.

time-read
1 min  |
November 12, 2024
Rising retail ownership to spur equity cult in India: Morgan Stanley
Business Standard

Rising retail ownership to spur equity cult in India: Morgan Stanley

Retail investors have become a force to reckon with as their ownership of Indian equities has risen by 800 basis points or 8 per cent to 23.4 per cent in the last 10 years, suggests a recent note from Morgan Stanley.

time-read
2 dak  |
November 12, 2024
China wrests MSCI EM IMI top spot from India
Business Standard

China wrests MSCI EM IMI top spot from India

Change in the pecking order comes amid a sharp rally in Chinese equities

time-read
3 dak  |
November 12, 2024
HAVING A TRUCK WITH LNG
Business Standard

HAVING A TRUCK WITH LNG

Things are changing rapidly with the entry of the private sector, but the path of LNG trucks in India is strewn with rocks

time-read
4 dak  |
November 12, 2024
Accounting for climate finance
Business Standard

Accounting for climate finance

The climate negotiations meeting of the Conference of Parties signatory to the convention, COP29, at Baku, Azerbaijan, where most nations of the world have gathered currently, shall deal with various concerns relating to climate change.

time-read
3 dak  |
November 12, 2024
Business Standard

Re-examine trade pacts

India must consider entering CPTPP, RCEP

time-read
2 dak  |
November 12, 2024