socio economic development - csr
TRANSCRIPT
Economic Development
Companies Act, 2013 Changes
Meaning Socio – Eco Development
Foreign Investments and Socio – Eco Growth
CSR in India
CSR by International Financial Market
Agenda
Economic Growth Indicators
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20
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60
80
100
Rural Urban Rural Urban
Drinking Water Source Sanitation Facility
Pe
rcent
Proportion of Population Using an Improved Drinking Water Source and Sanitation Facility, 2012
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10
20
30
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50
60
70
80
Rural Urban Rural Urban
National Poverty, 2012 $2-a-day at 2005 PPP$,2010
Pe
rcent
Proportion of Population Living Below the National Poverty Line and $2-a-day at 2005 PPP$, Latest Years
Economic Growth 1990 or Nearest Year 2012 or Latest Year
Annualized growth rate of GDP per capita at PPP (constant 2011 PPP$) 4.1 (92–97) 5.9 (07–12)
GDP per person engaged at constant 1990 PPP$ 3,531 9,200
School life expectancy (primary to tertiary) years 8.5 (2000) 11.7 (2011)
Pupil–teacher ratio (primary) 35 (1999) 35 (2011)
Proportion of population using an improved sanitation facility percent 18 36
Socio – Economical development - improvement of people’s education, incomes, skills development and employment. Process of economic and social transformation based on cultural & environmental factors.
Companies Act – 2013 - CSR
Sec. 135 of Companies Act
• President Assent on 29.08.13
• Applies from FY 14-15
2% Profits
• Avg. of last 3 years profits
• Profit –(PBT)
• Foreign branches excluded
Process
• List of activities –Schedule VII
• Excludes
• Outside India
• Marathons/TV programmes excluded
Commitment by Business to- Behave ethically- Contribute economic development- Improving Quality of Life
Board Role
To Create CSR Committee
Approve CSR Policy
Ensure CSR Implementation
CSR Committee
3 or More Directors with 1 Ind. Director
Formulate, Recommend & Monitor CSR Policy
Recommend activities & exp. to incur
Net Worth > Rs. 500 Crores
Turnover > Rs. 1000 Crores
Net Profit > Rs. 5 Crores
Responsibilities casted by Companies ACT
When funds flow across national boundaries and the transfer is between partiesresiding in different countries, there comes into existence the Internationalfinancial markets
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14
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1817.5
10.06
7.05
5.785.37
4.774.28 3.97
3.5 3.23
SECTOR-WISE FDI - EquityApr 2000 - Dec, 2014
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5
10
15
20
25
30
35
40
35.38
12.47
9.137.42
5.79 5.62
3.32 3.051.87 1.23
COUNTRY-WISE FDI EQUITYApr 2000 - Dec, 2014
Effects of Foreign Investment & Socio Economic growth
Drawbacks
Decline of local Manufacture
Pollution heavens
Impact on Economic integrity
Impact of sovereignty
+ Aspects
Employment, P Power, GDP
Industry Growth
Open Market
Infrastructure Development