FULCRUM - Capitalising CSR’s Post

The wait is almost over. Get Ready for a New Chapter in Chhattisgarh’s Industrial Transformation! HCM Shri Vishnu Deo Sai ji will be launching the #CGIndustrialPolicy24 today. Stay tuned! #investchhattisgarh #InvestmentOpportunity #policy #IndustrialDevelopment #industrialpolicy

It was a dream come true moment after months of dedicated effort to formally inaugurate this center following the 2023-24 Budget announcement. A robust innovation ecosystem thrives within industries, academia, and research organizations. The Government of Tamil Nadu remains committed to strengthen the #PublicInnovation ecosystem within governance. Over recent years, more than 400 pilot innovation projects have been funded in the government sectors in Tamil Nadu, aiming to introduce novel practices or interventions to enhance service delivery, address sector-specific challenges, or improve system efficiency. Collaborations with national and global institutions will expand innovation in governance through cross-linkages and shared learnings. This center was established with the ambition to serve as a platform that fosters these connections and assimilates best practices. As the Director of CIG, I look forward to engaging with stakeholders to drive progressive growth and strengthen the public innovation ecosystem in Tamil Nadu. Institutions with potential solutions for specific public sectors are encouraged to reach out for discussions. #Innovation #Governance #PublicInnovation #TamilNadu #Collaboration #ServiceDelivery #Efficiency #GlobalBestPractices #ResearchAndDevelopment #InnovationEcosystem

DISHA Meeting @ Vijayawada - Another Day, Another Impactful Engagement 🌟🤝 We, at Politics for Impact, were glad to participate in the recent Disha meeting held in Vijayawada fostering crucial dialogue between administration and legislators to enhance the delivery of central government schemes. It was particularly fulfilling to assist Vijayawada MP, Shri Kesineni Sivanath, in navigating this process and empowering him to raise relevant issues effectively in Parliament. These meetings reflect the collective effort needed to bring impactful governance to the grassroots. Together, we aim to ensure that every scheme reaches and benefits those it’s intended for. #Governance #PublicPolicy #ImpactfulLeadership #DishaMeeting #PoliticsForImpact

Read what Neeraj, an #arohanite from Uttar Pradesh, Internal Audit team, has to say about his experience with the organisation. Watch this space to know more about #lifeatarohan #arohanemployeespotlight #genderdiversity

In a statement, the BRS working president highlighted that villages and towns which thrived under BRS’s decade-long rule are now facing severe challenges. He criticized the Congress government for not sustaining development progress, resulting in a governance breakdown, especially in rural areas where panchayats are struggling due to inadequate funding. In a scathing attack, BRS working president KT Rama Rao attributed the deteriorating living conditions in both villages and towns, to the Congress government’s incompetence and failures. He said the local bodies administration has collapsed even as the State is grappling with severe challenges in managing essential services and infrastructure, under the Indiramma rule promised by the Congress. In a statement, the BRS working president pointed out that the villages and towns, which had thrived under BRS’s ten-year rule, are now facing unprecedented challenges. He accused the Congress government of failing to maintain the momentum of development, leading to a complete collapse in governance, particularly in rural areas where panchayats are struggling due to a lack of funds. follow us for more OnlineHyderabad.in #OnlineHyderabad #hyderabad #hyderabadi #brs #congressgovernment #governancecollapse #ruralcrisis #Panchayat #developmentsetback #PoliticalDebate #HyderabadPolitics

Unveiling Hidden Wealth: Insights from Gujarat's Tier 2 and Tier 3 Cities Recently, I traveled to a tier 2/3 cities in Gujarat for client interactions, and the experience was eye-opening. Despite its size, the city is home to substantial wealth generated through traditional industries and local businesses. However, this prosperity often comes with a lack of specialized financial guidance. This situation highlights a significant opportunity: while these cities are rich in assets, they frequently lack the expertise required to manage and expand their financial potential. As financial professionals, we have a unique chance to step in, offering tailored advice and innovative solutions to help local businesses and individuals optimize their wealth. What makes this profession truly rewarding is its ability to connect me with a diverse range of clients across cities and states. Each interaction offers a new perspective and underscores the widespread need for strategic financial management. The opportunity to make a meaningful impact on various communities, from bustling metros to emerging cities, is a testament to the dynamic nature of our work and its potential to drive growth and transformation. #wealth #privatebanking

🌍 Tracking Corporate Social Responsibility (CSR) Spending Across India (FY 2014-2023) 🌍 Over the past nine years, CSR spending has played a vital role in driving socio-economic development across India. Here’s a quick snapshot of how different states and sectors have benefited: - Pan India spending consistently grew, peaking at ₹9,385.66 Cr in FY 2019-20 before stabilizing around ₹6,060.98 Cr in FY 2022-23. - Maharashtra leads the way with a massive ₹5,497.30 Cr spent in FY 2022-23. - Gujarat and Karnataka have also seen significant increases, with ₹2,008.41 Cr and ₹1,985.55 Cr spent in the last fiscal year. - Smaller states such as Sikkim, Nagaland, and Goa show impressive growth despite lower population density, demonstrating the far-reaching impact of CSR. As we move forward, it’s inspiring to see how businesses are contributing to the nation's progress by aligning their CSR efforts with state-specific needs. 🔗 Let’s keep this momentum going, supporting sustainable and inclusive growth across India! 💡 #CSR #Sustainability #CorporateResponsibility #IndiaGrowth #StatewiseCSR

The Case of Missing Numbers in CSR Data - Listed companies on NSE spent a record ₹15,524 crore on CSR in 2022-23 (FY23). - However, tracking the allocation of these funds is becoming increasingly difficult. - A September 2022 Ministry of Corporate Affairs policy allows limited disclosures on CSR spending, leading to a decline in detailed information. Data Shortfall: - Only a small fraction (less than ₹3,500 crore) of the total CSR expenditure has detailed allocation disclosures. - Private companies haven't disclosed details for roughly 80% of their CSR spending, compared to 70% in the public sector. - This lack of transparency hinders analysis of how CSR funds are being utilized. Uneven Distribution: - Previous data (up to FY22) revealed that most CSR spending for education and healthcare went to richer states where companies are concentrated (Maharashtra & Gujarat). - Less developed states like Bihar received a significantly smaller share. - The limited FY23 data suggests this trend might be worsening. Incomplete Picture: - This data only covers listed companies on the NSE, excluding many large Indian companies. - A government CSR portal intended to provide comprehensive data holds information only up to FY22. The Takeaway: - Limited disclosures on CSR spending raise concerns about transparency and effectiveness. We need a more robust system for tracking CSR allocations to ensure these funds have a positive social impact across the country. #CSR #Transparency #CorporateSocialResponsibility #Sustainability