IT firms’ CSR spending rose nearly five times in FY154 min read . Updated: 30 Jul 2015, 02:27 AM IST
In the first year of compliance with the Companies Act of 2013, IT firms' CSR spending rose from Rs137 crore to over Rs640 crore in FY 15.
Bengaluru: When corporate social responsibility (CSR) rules were put in place in 2013, no one doubted that the big companies, at least, would comply with the law. Even so, the effect compliance has had on the information technology (IT) sector in creating social capital turns out to be quite a revelation.
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