In 2014, India introduced CSR law being the first country in the world to make it mandatory. The corporate segment was at first shocked and a considerable lot of them saw this as an extra taxation rate. India likewise observed another administration in 2014, which was feeling the squeeze by Industry Bodies and Associations to topple the law. Rather, the new government wanted the corporate sector to play an active role in the development of the nation, and encouraged organizations to start thinking toward country working through CSR. Government activities like Swachh Bharat Abhiyan were promoted under CSR and dynamic endeavors have been made to make it a public movement considering sanitation issues concerns everyone.
The act makes it mandatory for enterprises in India Every organization having total assets of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net benefit of rupees five crore or all the more during any financial year shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or more directors, out of which at least one director shall be an independent director.
Fiinovation one of the Top global CSR Consulting Firm in India working in different sectors of social development among the masses with the focus on Corporate Social Responsibility (CSR) and sustainability.
- Fiinovation has tried to bridge the gap between corporate houses and Non-Governmental Organisations (NGOs).
- Fiinovation helped different corporate organisations pool their resources for the betterment of people and nature, according to their respective CSR charters.
- Fiinovation is helping corporate houses to take the growth to every layer of society making it simplistic and scalable with its unique target oriented CSR initiatives.
- Fiinovation believes that CSR is the way to bridge the gap between different sections of the society through holistic development.
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