India’s Centre has tightened FY27 performance norms for central public sector enterprises, linking accountability to measurable outcomes. CPSEs can lose full marks if they miss mandatory CSR activity targets or breach MSME procurement and payment requirements, including failing to disclose unpaid bills in annual reports. The evaluation also penalises gaps in succession planning through mark deductions, and adds a heavier focus on R&D and innovation, especially for firms with import dependence. The Centre circulated the guidelines this month under a committee chaired by the cabinet secretary.
Bengaluru South MP Tejasvi Surya announced that Indian Oil Corporation will provide CSR support to Karnataka Public School in Basavanagudi, a 123-year-old institution. The funding will strengthen infrastructure and learning for more than 1,500 girl students, with plans to evolve the school into a model facility. The move is positioned as aligned with Prime Minister Narendra Modi’s push for women’s empowerment.
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India’s Prime Minister’s economic advisory panel is calling for a sweeping revamp of the care sector, warning that demand for caregivers could exceed 30 million by 2050. It proposes a dedicated fund, rapid creation of a skilled workforce, and channeling corporate social responsibility money into care projects—aiming to expand jobs while supporting families and tackling rising care needs.
Seven years after the 2018 police firing that killed 13 protesters against Sterlite’s polluting plant, Thoothukudi is again debating reopening. A feasibility study recommends switching to recycled copper, shutting some polluting sections, and creating an INR 100 crore CSR corpus. Yet local opposition and the city’s unresolved trauma continue to block any easy green light.
Budget proposals for FY 2023-24 suggest restricting input tax credit (ITC) on goods or services used to meet CSR obligations. Experts warn this could reduce the practical value of CSR benefits by raising effective costs for companies. Businesses are concerned the move may make it harder to sustain or expand CSR programs, especially where tax credit currently improves affordability.
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