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The main recommendations include, making CSR expenditure tax deductible, provision for carry forward of unspent balance for a period of 3 5 years, aligning Schedule 7 with the SDGs by adopting a SDG plus framework (which would additionally include sports promotion, Senior Citizens welfare, welfare of differently abled persons, disaster management and heritage protection), balancing local area preferences with national priorities, introducing impact assessment studies for CSR obligation of 5 crore or more, and registration of implementation agencies on MCA portal.
But CSR is not exclusive to big corporations or organizations.
Speaking at the second annual Dr APJ Abdul Kalam Memorial Lecture in Associated Chambers of Commerce of India (ASSOCHAM), Gogoi said, "In order to achieve the goal of social justice in the best possible manner, it is necessary that CSR is integrated into our modern business strategy so as to make it sustainable."
He said, 'the fact that there is no legal backing for accessing CSR by host communities from oil operators, gives room for inadequate and lackadaisical implementation of CSR.'
"We are happy to receive the Dubai Chamber CSR Label, as it proves our commitment towards positive change, supports society and promotes sustainable development.
In addition, Zulekha Hospital LLC, EMPOWER, SummerTown Interiors, and TECOM Group were presented with the Dubai Chamber Advanced CSR Label.
However, despite the significant role of family-owned SMEs in China's economy, and being key to the future development of CSR, researchers have not paid attention to their CSR cognitions, motivations, and practices.
President NFEH Mohammad Naeem Qureshi briefed media about the summit that leading corporate leaders, CSR experts, government officials and ambassadors would deliver their speeches and presentations on this occasion.
Shaima al Lawati, founder and managing director of Destination Sustainability, a SME to provide personalised consultancy on corporate sustainability and social responsibility in Oman, has called on establishments to realise that corporate social responsibility (CSR), as popularly perceived, is not just a set of welfare programmes for a community.
The agreement also aims to promote the Arabia CSR Awards and the Arabia CSR Forum as well as identify collaboration opportunities to drive CSR and sustainability efforts in the region.
Aguinis (2011) defines corporate social responsibility (CSR) as "context-specific organizational actions and policies that take into account stakeholders' expectations and the triple bottom line of economic, social, and environmental performance" (p.
The DED-Ajman started collecting CSR fees since March 1, 2018.
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