Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [[maximum depth reached]] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/india-inc-needs-more-time-to-spend-meaningfully-radhika-merwin-4678054/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/india-inc-needs-more-time-to-spend-meaningfully-radhika-merwin-4678054/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [[maximum depth reached]] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/india-inc-needs-more-time-to-spend-meaningfully-radhika-merwin-4678054/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/india-inc-needs-more-time-to-spend-meaningfully-radhika-merwin-4678054/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]Code Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fea2efbf198-trace').style.display = (document.getElementById('cakeErr67fea2efbf198-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67fea2efbf198-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fea2efbf198-code').style.display = (document.getElementById('cakeErr67fea2efbf198-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fea2efbf198-context').style.display = (document.getElementById('cakeErr67fea2efbf198-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67fea2efbf198-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr67fea2efbf198-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 29995, 'title' => 'India Inc needs more time to spend meaningfully -Radhika Merwin', 'subheading' => '', 'description' => '<div align="justify"> -The Hindu Business Line<br /> <br /> Indian corporates are just settling in to the regime of mandatory spends on CSR activities. The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they disclose the reason. Many companies, which have fallen short, have listed a variety of reasons for this short-fall.<br /> <br /> This varies from the need for more time to identifying the right CSR activity to longer implementation period for certain projects.<br /> <br /> Idea Cellular, that has not spent on CSR in 2014-15, has stated that being a preparatory year for the implementation of CSR policy, the company was in the process of evaluating the various focus areas. It has identified some key projects, which will be executed during the current fiscal year 2015-16.<br /> <br /> Hero MotoCorp too, which spent only about five per cent of its mandated amount, expects to see a huge spend on CSR in the current fiscal, after spending the last fiscal in drafting a robust plan. HCL Technologies, that also spent less than one-tenth of its requirement, stated that it has identified areas. These projects currently at their initial stages will gain momentum and scale up.<br /> <br /> Most of the other weak spenders have highlighted that they are building their CSR capabilities and are committed to gradually increasing its CSR spend in the coming years.<br /> <br /> Some companies have gone into more details on why they were unable to spend the required amount. GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year &mdash; Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity.<br /> <br /> Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. Time taken to evaluate projects led to the shortfall in CSR spending.<br /> <br /> <em>Where they spent<br /> </em><br /> Top spenders, who more than met their mandated CSR amount, have spent money across healthcare, education, environment and Swachh Bharat initiatives.<br /> <br /> Reliance Industries has spent a major portion on healthcare and rural transformation through the Reliance Foundation &mdash; the umbrella organisation for its social sector initiatives. ITC, one of the biggest spenders, has mainly concentrated on health and sanitation, drinking water, education and environment. Tata Steel has primarily spent monies on health and drinking water, education and livelihood.<br /> <br /> While HUL spent money on water conservation projects, drinking water, livelihood programmes and environment, Wipro spent a chunk on higher education in engineering and technology linked to skills development for the IT industry.<br /> <br /> While most companies focused on the usual &mdash; education, health, environment and sanitation, there were some that spent on some interesting initiatives such as sports, art and culture too. ITC, for instance, spent a substantial portion on protection of national heritage, art and culture, including restoration of buildings and sites of historical importance and works of art in West Bengal and Punjab.<br /> <br /> Tata Steel also spent on the protection and restoration of national heritage and sports in Jharkhand and Odisha. <br /> </div>', 'credit_writer' => 'The Hindu Business Line, 13 December, 2015, http://www.thehindubusinessline.com/companies/india-inc-needs-more-time-to-spend-meaningfully/article7983577.ece?homepage=true', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'india-inc-needs-more-time-to-spend-meaningfully-radhika-merwin-4678054', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4678054, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 29995, 'metaTitle' => 'LATEST NEWS UPDATES | India Inc needs more time to spend meaningfully -Radhika Merwin', 'metaKeywords' => 'Water Conservation,Corporate Funding,Corporate Social Responsibility', 'metaDesc' => ' -The Hindu Business Line Indian corporates are just settling in to the regime of mandatory spends on CSR activities. 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It has identified some key projects, which will be executed during the current fiscal year 2015-16.<br /><br />Hero MotoCorp too, which spent only about five per cent of its mandated amount, expects to see a huge spend on CSR in the current fiscal, after spending the last fiscal in drafting a robust plan. HCL Technologies, that also spent less than one-tenth of its requirement, stated that it has identified areas. These projects currently at their initial stages will gain momentum and scale up.<br /><br />Most of the other weak spenders have highlighted that they are building their CSR capabilities and are committed to gradually increasing its CSR spend in the coming years.<br /><br />Some companies have gone into more details on why they were unable to spend the required amount. GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year &mdash; Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity.<br /><br />Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. 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Tata Steel has primarily spent monies on health and drinking water, education and livelihood.<br /><br />While HUL spent money on water conservation projects, drinking water, livelihood programmes and environment, Wipro spent a chunk on higher education in engineering and technology linked to skills development for the IT industry.<br /><br />While most companies focused on the usual &mdash; education, health, environment and sanitation, there were some that spent on some interesting initiatives such as sports, art and culture too. ITC, for instance, spent a substantial portion on protection of national heritage, art and culture, including restoration of buildings and sites of historical importance and works of art in West Bengal and Punjab.<br /><br />Tata Steel also spent on the protection and restoration of national heritage and sports in Jharkhand and Odisha. <br /></div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 29995, 'title' => 'India Inc needs more time to spend meaningfully -Radhika Merwin', 'subheading' => '', 'description' => '<div align="justify"> -The Hindu Business Line<br /> <br /> Indian corporates are just settling in to the regime of mandatory spends on CSR activities. The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they disclose the reason. 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These projects currently at their initial stages will gain momentum and scale up.<br /> <br /> Most of the other weak spenders have highlighted that they are building their CSR capabilities and are committed to gradually increasing its CSR spend in the coming years.<br /> <br /> Some companies have gone into more details on why they were unable to spend the required amount. GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year &mdash; Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity.<br /> <br /> Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. Time taken to evaluate projects led to the shortfall in CSR spending.<br /> <br /> <em>Where they spent<br /> </em><br /> Top spenders, who more than met their mandated CSR amount, have spent money across healthcare, education, environment and Swachh Bharat initiatives.<br /> <br /> Reliance Industries has spent a major portion on healthcare and rural transformation through the Reliance Foundation &mdash; the umbrella organisation for its social sector initiatives. ITC, one of the biggest spenders, has mainly concentrated on health and sanitation, drinking water, education and environment. Tata Steel has primarily spent monies on health and drinking water, education and livelihood.<br /> <br /> While HUL spent money on water conservation projects, drinking water, livelihood programmes and environment, Wipro spent a chunk on higher education in engineering and technology linked to skills development for the IT industry.<br /> <br /> While most companies focused on the usual &mdash; education, health, environment and sanitation, there were some that spent on some interesting initiatives such as sports, art and culture too. 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The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they...' $disp = '<div align="justify">-The Hindu Business Line<br /><br />Indian corporates are just settling in to the regime of mandatory spends on CSR activities. The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they disclose the reason. Many companies, which have fallen short, have listed a variety of reasons for this short-fall.<br /><br />This varies from the need for more time to identifying the right CSR activity to longer implementation period for certain projects.<br /><br />Idea Cellular, that has not spent on CSR in 2014-15, has stated that being a preparatory year for the implementation of CSR policy, the company was in the process of evaluating the various focus areas. It has identified some key projects, which will be executed during the current fiscal year 2015-16.<br /><br />Hero MotoCorp too, which spent only about five per cent of its mandated amount, expects to see a huge spend on CSR in the current fiscal, after spending the last fiscal in drafting a robust plan. HCL Technologies, that also spent less than one-tenth of its requirement, stated that it has identified areas. These projects currently at their initial stages will gain momentum and scale up.<br /><br />Most of the other weak spenders have highlighted that they are building their CSR capabilities and are committed to gradually increasing its CSR spend in the coming years.<br /><br />Some companies have gone into more details on why they were unable to spend the required amount. GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year &mdash; Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity.<br /><br />Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. Time taken to evaluate projects led to the shortfall in CSR spending.<br /><br /><em>Where they spent<br /></em><br />Top spenders, who more than met their mandated CSR amount, have spent money across healthcare, education, environment and Swachh Bharat initiatives.<br /><br />Reliance Industries has spent a major portion on healthcare and rural transformation through the Reliance Foundation &mdash; the umbrella organisation for its social sector initiatives. ITC, one of the biggest spenders, has mainly concentrated on health and sanitation, drinking water, education and environment. Tata Steel has primarily spent monies on health and drinking water, education and livelihood.<br /><br />While HUL spent money on water conservation projects, drinking water, livelihood programmes and environment, Wipro spent a chunk on higher education in engineering and technology linked to skills development for the IT industry.<br /><br />While most companies focused on the usual &mdash; education, health, environment and sanitation, there were some that spent on some interesting initiatives such as sports, art and culture too. ITC, for instance, spent a substantial portion on protection of national heritage, art and culture, including restoration of buildings and sites of historical importance and works of art in West Bengal and Punjab.<br /><br />Tata Steel also spent on the protection and restoration of national heritage and sports in Jharkhand and Odisha. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/india-inc-needs-more-time-to-spend-meaningfully-radhika-merwin-4678054.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | India Inc needs more time to spend meaningfully -Radhika Merwin | Im4change.org</title> <meta name="description" content=" -The Hindu Business Line Indian corporates are just settling in to the regime of mandatory spends on CSR activities. The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>India Inc needs more time to spend meaningfully -Radhika Merwin</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-The Hindu Business Line<br /><br />Indian corporates are just settling in to the regime of mandatory spends on CSR activities. The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they disclose the reason. Many companies, which have fallen short, have listed a variety of reasons for this short-fall.<br /><br />This varies from the need for more time to identifying the right CSR activity to longer implementation period for certain projects.<br /><br />Idea Cellular, that has not spent on CSR in 2014-15, has stated that being a preparatory year for the implementation of CSR policy, the company was in the process of evaluating the various focus areas. It has identified some key projects, which will be executed during the current fiscal year 2015-16.<br /><br />Hero MotoCorp too, which spent only about five per cent of its mandated amount, expects to see a huge spend on CSR in the current fiscal, after spending the last fiscal in drafting a robust plan. HCL Technologies, that also spent less than one-tenth of its requirement, stated that it has identified areas. These projects currently at their initial stages will gain momentum and scale up.<br /><br />Most of the other weak spenders have highlighted that they are building their CSR capabilities and are committed to gradually increasing its CSR spend in the coming years.<br /><br />Some companies have gone into more details on why they were unable to spend the required amount. GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year — Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity.<br /><br />Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. Time taken to evaluate projects led to the shortfall in CSR spending.<br /><br /><em>Where they spent<br /></em><br />Top spenders, who more than met their mandated CSR amount, have spent money across healthcare, education, environment and Swachh Bharat initiatives.<br /><br />Reliance Industries has spent a major portion on healthcare and rural transformation through the Reliance Foundation — the umbrella organisation for its social sector initiatives. ITC, one of the biggest spenders, has mainly concentrated on health and sanitation, drinking water, education and environment. Tata Steel has primarily spent monies on health and drinking water, education and livelihood.<br /><br />While HUL spent money on water conservation projects, drinking water, livelihood programmes and environment, Wipro spent a chunk on higher education in engineering and technology linked to skills development for the IT industry.<br /><br />While most companies focused on the usual — education, health, environment and sanitation, there were some that spent on some interesting initiatives such as sports, art and culture too. ITC, for instance, spent a substantial portion on protection of national heritage, art and culture, including restoration of buildings and sites of historical importance and works of art in West Bengal and Punjab.<br /><br />Tata Steel also spent on the protection and restoration of national heritage and sports in Jharkhand and Odisha. <br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. 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HCL Technologies, that also spent less than one-tenth of its requirement, stated that it has identified areas. These projects currently at their initial stages will gain momentum and scale up.<br /> <br /> Most of the other weak spenders have highlighted that they are building their CSR capabilities and are committed to gradually increasing its CSR spend in the coming years.<br /> <br /> Some companies have gone into more details on why they were unable to spend the required amount. GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year &mdash; Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity.<br /> <br /> Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. Time taken to evaluate projects led to the shortfall in CSR spending.<br /> <br /> <em>Where they spent<br /> </em><br /> Top spenders, who more than met their mandated CSR amount, have spent money across healthcare, education, environment and Swachh Bharat initiatives.<br /> <br /> Reliance Industries has spent a major portion on healthcare and rural transformation through the Reliance Foundation &mdash; the umbrella organisation for its social sector initiatives. 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Time taken to evaluate projects led to the shortfall in CSR spending.<br /><br /><em>Where they spent<br /></em><br />Top spenders, who more than met their mandated CSR amount, have spent money across healthcare, education, environment and Swachh Bharat initiatives.<br /><br />Reliance Industries has spent a major portion on healthcare and rural transformation through the Reliance Foundation &mdash; the umbrella organisation for its social sector initiatives. ITC, one of the biggest spenders, has mainly concentrated on health and sanitation, drinking water, education and environment. 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The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>India Inc needs more time to spend meaningfully -Radhika Merwin</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-The Hindu Business Line<br /><br />Indian corporates are just settling in to the regime of mandatory spends on CSR activities. The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they disclose the reason. Many companies, which have fallen short, have listed a variety of reasons for this short-fall.<br /><br />This varies from the need for more time to identifying the right CSR activity to longer implementation period for certain projects.<br /><br />Idea Cellular, that has not spent on CSR in 2014-15, has stated that being a preparatory year for the implementation of CSR policy, the company was in the process of evaluating the various focus areas. It has identified some key projects, which will be executed during the current fiscal year 2015-16.<br /><br />Hero MotoCorp too, which spent only about five per cent of its mandated amount, expects to see a huge spend on CSR in the current fiscal, after spending the last fiscal in drafting a robust plan. HCL Technologies, that also spent less than one-tenth of its requirement, stated that it has identified areas. These projects currently at their initial stages will gain momentum and scale up.<br /><br />Most of the other weak spenders have highlighted that they are building their CSR capabilities and are committed to gradually increasing its CSR spend in the coming years.<br /><br />Some companies have gone into more details on why they were unable to spend the required amount. GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year — Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity.<br /><br />Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. Time taken to evaluate projects led to the shortfall in CSR spending.<br /><br /><em>Where they spent<br /></em><br />Top spenders, who more than met their mandated CSR amount, have spent money across healthcare, education, environment and Swachh Bharat initiatives.<br /><br />Reliance Industries has spent a major portion on healthcare and rural transformation through the Reliance Foundation — the umbrella organisation for its social sector initiatives. ITC, one of the biggest spenders, has mainly concentrated on health and sanitation, drinking water, education and environment. Tata Steel has primarily spent monies on health and drinking water, education and livelihood.<br /><br />While HUL spent money on water conservation projects, drinking water, livelihood programmes and environment, Wipro spent a chunk on higher education in engineering and technology linked to skills development for the IT industry.<br /><br />While most companies focused on the usual — education, health, environment and sanitation, there were some that spent on some interesting initiatives such as sports, art and culture too. ITC, for instance, spent a substantial portion on protection of national heritage, art and culture, including restoration of buildings and sites of historical importance and works of art in West Bengal and Punjab.<br /><br />Tata Steel also spent on the protection and restoration of national heritage and sports in Jharkhand and Odisha. <br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
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The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they disclose the reason. Many companies, which have fallen short, have listed a variety of reasons for this short-fall.<br /> <br /> This varies from the need for more time to identifying the right CSR activity to longer implementation period for certain projects.<br /> <br /> Idea Cellular, that has not spent on CSR in 2014-15, has stated that being a preparatory year for the implementation of CSR policy, the company was in the process of evaluating the various focus areas. It has identified some key projects, which will be executed during the current fiscal year 2015-16.<br /> <br /> Hero MotoCorp too, which spent only about five per cent of its mandated amount, expects to see a huge spend on CSR in the current fiscal, after spending the last fiscal in drafting a robust plan. HCL Technologies, that also spent less than one-tenth of its requirement, stated that it has identified areas. These projects currently at their initial stages will gain momentum and scale up.<br /> <br /> Most of the other weak spenders have highlighted that they are building their CSR capabilities and are committed to gradually increasing its CSR spend in the coming years.<br /> <br /> Some companies have gone into more details on why they were unable to spend the required amount. GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year &mdash; Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity.<br /> <br /> Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. Time taken to evaluate projects led to the shortfall in CSR spending.<br /> <br /> <em>Where they spent<br /> </em><br /> Top spenders, who more than met their mandated CSR amount, have spent money across healthcare, education, environment and Swachh Bharat initiatives.<br /> <br /> Reliance Industries has spent a major portion on healthcare and rural transformation through the Reliance Foundation &mdash; the umbrella organisation for its social sector initiatives. ITC, one of the biggest spenders, has mainly concentrated on health and sanitation, drinking water, education and environment. Tata Steel has primarily spent monies on health and drinking water, education and livelihood.<br /> <br /> While HUL spent money on water conservation projects, drinking water, livelihood programmes and environment, Wipro spent a chunk on higher education in engineering and technology linked to skills development for the IT industry.<br /> <br /> While most companies focused on the usual &mdash; education, health, environment and sanitation, there were some that spent on some interesting initiatives such as sports, art and culture too. 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GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year &mdash; Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity.<br /><br />Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. 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GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year &mdash; Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity.<br /><br />Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. 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ITC, for instance, spent a substantial portion on protection of national heritage, art and culture, including restoration of buildings and sites of historical importance and works of art in West Bengal and Punjab.<br /><br />Tata Steel also spent on the protection and restoration of national heritage and sports in Jharkhand and Odisha. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/india-inc-needs-more-time-to-spend-meaningfully-radhika-merwin-4678054.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | India Inc needs more time to spend meaningfully -Radhika Merwin | Im4change.org</title> <meta name="description" content=" -The Hindu Business Line Indian corporates are just settling in to the regime of mandatory spends on CSR activities. The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>India Inc needs more time to spend meaningfully -Radhika Merwin</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-The Hindu Business Line<br /><br />Indian corporates are just settling in to the regime of mandatory spends on CSR activities. The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they disclose the reason. Many companies, which have fallen short, have listed a variety of reasons for this short-fall.<br /><br />This varies from the need for more time to identifying the right CSR activity to longer implementation period for certain projects.<br /><br />Idea Cellular, that has not spent on CSR in 2014-15, has stated that being a preparatory year for the implementation of CSR policy, the company was in the process of evaluating the various focus areas. It has identified some key projects, which will be executed during the current fiscal year 2015-16.<br /><br />Hero MotoCorp too, which spent only about five per cent of its mandated amount, expects to see a huge spend on CSR in the current fiscal, after spending the last fiscal in drafting a robust plan. HCL Technologies, that also spent less than one-tenth of its requirement, stated that it has identified areas. These projects currently at their initial stages will gain momentum and scale up.<br /><br />Most of the other weak spenders have highlighted that they are building their CSR capabilities and are committed to gradually increasing its CSR spend in the coming years.<br /><br />Some companies have gone into more details on why they were unable to spend the required amount. GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year — Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity.<br /><br />Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. Time taken to evaluate projects led to the shortfall in CSR spending.<br /><br /><em>Where they spent<br /></em><br />Top spenders, who more than met their mandated CSR amount, have spent money across healthcare, education, environment and Swachh Bharat initiatives.<br /><br />Reliance Industries has spent a major portion on healthcare and rural transformation through the Reliance Foundation — the umbrella organisation for its social sector initiatives. ITC, one of the biggest spenders, has mainly concentrated on health and sanitation, drinking water, education and environment. Tata Steel has primarily spent monies on health and drinking water, education and livelihood.<br /><br />While HUL spent money on water conservation projects, drinking water, livelihood programmes and environment, Wipro spent a chunk on higher education in engineering and technology linked to skills development for the IT industry.<br /><br />While most companies focused on the usual — education, health, environment and sanitation, there were some that spent on some interesting initiatives such as sports, art and culture too. ITC, for instance, spent a substantial portion on protection of national heritage, art and culture, including restoration of buildings and sites of historical importance and works of art in West Bengal and Punjab.<br /><br />Tata Steel also spent on the protection and restoration of national heritage and sports in Jharkhand and Odisha. <br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? 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Many companies, which have fallen short, have listed a variety of reasons for this short-fall.<br /> <br /> This varies from the need for more time to identifying the right CSR activity to longer implementation period for certain projects.<br /> <br /> Idea Cellular, that has not spent on CSR in 2014-15, has stated that being a preparatory year for the implementation of CSR policy, the company was in the process of evaluating the various focus areas. It has identified some key projects, which will be executed during the current fiscal year 2015-16.<br /> <br /> Hero MotoCorp too, which spent only about five per cent of its mandated amount, expects to see a huge spend on CSR in the current fiscal, after spending the last fiscal in drafting a robust plan. HCL Technologies, that also spent less than one-tenth of its requirement, stated that it has identified areas. These projects currently at their initial stages will gain momentum and scale up.<br /> <br /> Most of the other weak spenders have highlighted that they are building their CSR capabilities and are committed to gradually increasing its CSR spend in the coming years.<br /> <br /> Some companies have gone into more details on why they were unable to spend the required amount. GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year — Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity.<br /> <br /> Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. Time taken to evaluate projects led to the shortfall in CSR spending.<br /> <br /> <em>Where they spent<br /> </em><br /> Top spenders, who more than met their mandated CSR amount, have spent money across healthcare, education, environment and Swachh Bharat initiatives.<br /> <br /> Reliance Industries has spent a major portion on healthcare and rural transformation through the Reliance Foundation — the umbrella organisation for its social sector initiatives. ITC, one of the biggest spenders, has mainly concentrated on health and sanitation, drinking water, education and environment. Tata Steel has primarily spent monies on health and drinking water, education and livelihood.<br /> <br /> While HUL spent money on water conservation projects, drinking water, livelihood programmes and environment, Wipro spent a chunk on higher education in engineering and technology linked to skills development for the IT industry.<br /> <br /> While most companies focused on the usual — education, health, environment and sanitation, there were some that spent on some interesting initiatives such as sports, art and culture too. ITC, for instance, spent a substantial portion on protection of national heritage, art and culture, including restoration of buildings and sites of historical importance and works of art in West Bengal and Punjab.<br /> <br /> Tata Steel also spent on the protection and restoration of national heritage and sports in Jharkhand and Odisha. <br /> </div>', 'credit_writer' => 'The Hindu Business Line, 13 December, 2015, http://www.thehindubusinessline.com/companies/india-inc-needs-more-time-to-spend-meaningfully/article7983577.ece?homepage=true', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'india-inc-needs-more-time-to-spend-meaningfully-radhika-merwin-4678054', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4678054, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 29995, 'metaTitle' => 'LATEST NEWS UPDATES | India Inc needs more time to spend meaningfully -Radhika Merwin', 'metaKeywords' => 'Water Conservation,Corporate Funding,Corporate Social Responsibility', 'metaDesc' => ' -The Hindu Business Line Indian corporates are just settling in to the regime of mandatory spends on CSR activities. 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It has identified some key projects, which will be executed during the current fiscal year 2015-16.<br /><br />Hero MotoCorp too, which spent only about five per cent of its mandated amount, expects to see a huge spend on CSR in the current fiscal, after spending the last fiscal in drafting a robust plan. HCL Technologies, that also spent less than one-tenth of its requirement, stated that it has identified areas. These projects currently at their initial stages will gain momentum and scale up.<br /><br />Most of the other weak spenders have highlighted that they are building their CSR capabilities and are committed to gradually increasing its CSR spend in the coming years.<br /><br />Some companies have gone into more details on why they were unable to spend the required amount. GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year — Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity.<br /><br />Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. 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Tata Steel has primarily spent monies on health and drinking water, education and livelihood.<br /><br />While HUL spent money on water conservation projects, drinking water, livelihood programmes and environment, Wipro spent a chunk on higher education in engineering and technology linked to skills development for the IT industry.<br /><br />While most companies focused on the usual — education, health, environment and sanitation, there were some that spent on some interesting initiatives such as sports, art and culture too. 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Many companies, which have fallen short, have listed a variety of reasons for this short-fall.<br /> <br /> This varies from the need for more time to identifying the right CSR activity to longer implementation period for certain projects.<br /> <br /> Idea Cellular, that has not spent on CSR in 2014-15, has stated that being a preparatory year for the implementation of CSR policy, the company was in the process of evaluating the various focus areas. It has identified some key projects, which will be executed during the current fiscal year 2015-16.<br /> <br /> Hero MotoCorp too, which spent only about five per cent of its mandated amount, expects to see a huge spend on CSR in the current fiscal, after spending the last fiscal in drafting a robust plan. HCL Technologies, that also spent less than one-tenth of its requirement, stated that it has identified areas. These projects currently at their initial stages will gain momentum and scale up.<br /> <br /> Most of the other weak spenders have highlighted that they are building their CSR capabilities and are committed to gradually increasing its CSR spend in the coming years.<br /> <br /> Some companies have gone into more details on why they were unable to spend the required amount. GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year — Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity.<br /> <br /> Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. Time taken to evaluate projects led to the shortfall in CSR spending.<br /> <br /> <em>Where they spent<br /> </em><br /> Top spenders, who more than met their mandated CSR amount, have spent money across healthcare, education, environment and Swachh Bharat initiatives.<br /> <br /> Reliance Industries has spent a major portion on healthcare and rural transformation through the Reliance Foundation — the umbrella organisation for its social sector initiatives. 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It has identified some key projects, which will be executed during the current fiscal year 2015-16.<br /><br />Hero MotoCorp too, which spent only about five per cent of its mandated amount, expects to see a huge spend on CSR in the current fiscal, after spending the last fiscal in drafting a robust plan. HCL Technologies, that also spent less than one-tenth of its requirement, stated that it has identified areas. These projects currently at their initial stages will gain momentum and scale up.<br /><br />Most of the other weak spenders have highlighted that they are building their CSR capabilities and are committed to gradually increasing its CSR spend in the coming years.<br /><br />Some companies have gone into more details on why they were unable to spend the required amount. GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year — Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity.<br /><br />Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. Time taken to evaluate projects led to the shortfall in CSR spending.<br /><br /><em>Where they spent<br /></em><br />Top spenders, who more than met their mandated CSR amount, have spent money across healthcare, education, environment and Swachh Bharat initiatives.<br /><br />Reliance Industries has spent a major portion on healthcare and rural transformation through the Reliance Foundation — the umbrella organisation for its social sector initiatives. ITC, one of the biggest spenders, has mainly concentrated on health and sanitation, drinking water, education and environment. 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India Inc needs more time to spend meaningfully -Radhika Merwin |
-The Hindu Business Line
Indian corporates are just settling in to the regime of mandatory spends on CSR activities. The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they disclose the reason. Many companies, which have fallen short, have listed a variety of reasons for this short-fall. This varies from the need for more time to identifying the right CSR activity to longer implementation period for certain projects. Idea Cellular, that has not spent on CSR in 2014-15, has stated that being a preparatory year for the implementation of CSR policy, the company was in the process of evaluating the various focus areas. It has identified some key projects, which will be executed during the current fiscal year 2015-16. Hero MotoCorp too, which spent only about five per cent of its mandated amount, expects to see a huge spend on CSR in the current fiscal, after spending the last fiscal in drafting a robust plan. HCL Technologies, that also spent less than one-tenth of its requirement, stated that it has identified areas. These projects currently at their initial stages will gain momentum and scale up. Most of the other weak spenders have highlighted that they are building their CSR capabilities and are committed to gradually increasing its CSR spend in the coming years. Some companies have gone into more details on why they were unable to spend the required amount. GAIL, for instance, stated that almost in all CSR projects, payments are linked to achievement of milestones, and hence, the actual expenditure against them has spilt beyond the fiscal year — Swachh Bharat Swachh Vidyalaya being one of them. BPCL too, has cited delay in some of its projects such as water conservation, Swachh Bharat Swachh Vidyalaya and education, as the main reason for the under-spending. NTPC, another public sector undertaking that had to rework its CSR plans to include Swachh Bharat Swachh Vidyalaya Abhiyan, will also be making substantial expenditure towards this activity. Housing finance company HDFC, on the other hand, wanted to conduct a major part of its CSR activities through the HT Parekh Foundation, which received Foreign Contribution Regulation Act, 2010, approval only in March 2014. Time taken to evaluate projects led to the shortfall in CSR spending. Where they spent Top spenders, who more than met their mandated CSR amount, have spent money across healthcare, education, environment and Swachh Bharat initiatives. Reliance Industries has spent a major portion on healthcare and rural transformation through the Reliance Foundation — the umbrella organisation for its social sector initiatives. ITC, one of the biggest spenders, has mainly concentrated on health and sanitation, drinking water, education and environment. Tata Steel has primarily spent monies on health and drinking water, education and livelihood. While HUL spent money on water conservation projects, drinking water, livelihood programmes and environment, Wipro spent a chunk on higher education in engineering and technology linked to skills development for the IT industry. While most companies focused on the usual — education, health, environment and sanitation, there were some that spent on some interesting initiatives such as sports, art and culture too. ITC, for instance, spent a substantial portion on protection of national heritage, art and culture, including restoration of buildings and sites of historical importance and works of art in West Bengal and Punjab. Tata Steel also spent on the protection and restoration of national heritage and sports in Jharkhand and Odisha. |