North East CSR Report 2020-21

The Covid-19 pandemic has had a devastating impact on communities all over the world by wiping out several years of development gains made in the past several years. The social sector and the government sector cannot alone undo the damage done by the pandemic. This is where the role of Corporate Social Responsibility (CSR) becomes important. India became the first country to mandate CSR in 2014. The law says that businesses with a turnover of more than Rs 1000 crore, net worth of Rs 500 crore, net profit of Rs 5 crore or more, must spend at least 2% of the average net profits earned during three preceding financial years to CSR activities. However, this calculation was made pre-pandemic. This may not be enough in a post-pandemic world, marked by increasing inequalities and need for social infrastructure. Read More