CSR spend touch Rs 26,000 cr during 2014-18

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Virendra Singh Rawat
Lucknow / Dec 31, 2018
Reflecting growing social consciousness among India Inc, the cumulative Corporate Social Responsibility (CSR) expenditure by top 100 companies stood at Rs 26,385 crore during 4 years from 2014-15 to 2017-18.

 

As per the recent survey by KPMG on India CSR Reporting 2018, the CSR expenditure rose 47% in 4 years to FY18. The key aspects of the CSR spend included: –

 

Total unspent amount reduced by Rs 749 crore to Rs 989 crore during 2017-18 from Rs 1,738 crore in 2014-15.
Energy and power sectors spent the highest CSR kitty at Rs 2,465 crore followed by banking, financial service and insurance (BFSI) at Rs 1,352 crore
IT consulting and software CSR spend topped Rs 1,100 crore, followed by mining and metal at Rs 647 crore and customer products at Rs 635 crore
Average amount spent per company went up by 29% to Rs 76 crore compared to Rs 59 crore during 2014-15
Maharashtra, Gujarat, Rajasthan, Uttar Pradesh and Karnataka figured among the top states from expenditure perspective

 

Meanwhile, union finance minister Arun Jaitley commented that a new beginning had been made under the Narendra Modi government regarding CSR.

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