Boosting Transparency in Corporate Social Responsibility: Finance Committee Calls for Reform
2025-03-24
The Hindu BusinessLine
The Standing Committee on Finance is pushing for greater transparency in Corporate Social Responsibility (CSR) spending, recommending that the Ministry of Corporate Affairs (MCA) implement stricter monitoring and enforcement measures. This move aims to increase the impact of CSR initiatives and ensure that companies are held accountable for their social and environmental investments. By strengthening implementing agencies and enforcing penalties, the committee hopes to promote a culture of transparency and accountability in CSR spending, ultimately benefiting the community and the environment through effective corporate social responsibility practices.
