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Corporate Social Responsibility by Steel manufacturing undertakings

The Minister of Steel, Shri Beni Prasad Verma has said that under the Corporate Social Responsibility (CSR) scheme, the public sector steel manufacturing undertakings, namely, Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) are allocating funds for the CSR activities, as per the guidelines prescribed by the Department of Public Enterprises (DPE).  The details of funds allocated by these companies under CSR scheme during the last three years are as under:

( Rs. in Lakhs)

Year

SAIL

RINL

2010-11

9400

1540

2011-12

6400

1200

2012-13

4200

750

In a written reply in the Lok Sabha today Shri Verma said, Steel is a deregulated sector and, therefore, information about the CSR funds of private sector steel companies are not maintained in the Ministry of Steel. The projects implemented under the CSR relate to water supply arrangement, construction of school buildings, supply of educational materials in schools, electricity facility, solar lighting system, health and family welfare, irrigation facilities, sanitation and public health, relief to victims of natural calamities, imparting vocational training etc. These projects are located in the States of Chhattisgarh, Odisha, West Bengal, Jharkhand, Andhra Pradesh, Bihar etc. Funds under the CSR scheme are not allocated State-wise.

Shri Verma said, as per the existing guidelines issued by the DPE in April 2013, all profit making Central Public Sector Enterprises (CPSEs) are required to make a budgetary allocation for CSR schemes as per details given hereunder:

PAT of CPSE

in the previous year

Range of Budgetary allocation for CSR activities

(as % of PAT in previous year)

(i) Less than Rs. 100 Crore

3%-5%

(ii) Rs. 100 Crore to Rs.500 Crore

2%-3%

(iii) Rs. 500 Crore and above

1%-2%

In the guidelines, the thrust of CSR and Sustainability is on capacity building, empowerment of communities, inclusive socio-economic growth, environment protection, promotion of green and energy efficient technologies, development of backward regions/districts etc. Sporadic complaints about CSR activities are received from time to time. These complaints as and when received are referred to the concerned authorities for taking appropriate action in the matter, the Minister added.

Tags: Andhra Pradeshcorporate social responsibilityCSRDepartment of Public EnterprisesMinister of SteelMinistry of SteelRashtriya Ispat NigamWest Bengal

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