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Ensuring CSR Compliance: Timely Review and Year-End Planning

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  Author: CS Pradeep Kumar Parakh Executive Summary As the financial year draws to a close, companies must ensure compliance with CSR regulations under India’s Companies Act, 2013. Failure to meet CSR obligations can lead to financial and reputational risks. This article outlines the key areas for CSR review and financial year-end planning. 1. Why CSR Compliance Matters Timely CSR review ensures: •                Compliance with Section 135 of the Companies Act, 2013. •                Proper utilization of allocated CSR funds. •                Avoidance of penalties for unspent or misallocated funds. •                Transparent reporting and documentation of CSR activities. 2. Key Review Ar...
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Empowering Tomorrow: How Indian Companies Are Bridging the Skill Gap

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Author: CS Pradeep Kumar Parakh Executive Summary India’s vast workforce presents a unique opportunity for economic growth, but a persistent skill gap threatens to hinder progress. Many graduates lack the industry-relevant skills needed for employment, creating a pressing need for corporate intervention. This article explores how Indian companies are addressing this challenge through education and skill development initiatives aligned with Sustainable Development Goals (SDGs). 1. The Need for Skill Development in India Despite having one of the world’s largest youth populations, India struggles with employability due to: •            Outdated academic curricula that do not align with industry needs. •            Limited access to vocational training and digital literacy programs. •            High dropout rates, particularly in...
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Green Leaders: Indian Companies Championing Climate Action

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Author: CS Pradeep Kumar Parakh Executive Summary India faces severe climate-related challenges, including extreme weather events, pollution, and resource depletion. As global urgency for climate action grows, Indian corporations are stepping up with innovative sustainability initiatives. This article highlights the companies making significant progress in reducing their carbon footprint and advancing environmental stewardship. 1. The Urgency of Corporate Climate Action India ranks among the world's most climate-vulnerable nations. Key challenges include: •                High dependence on fossil fuels. •                Rapid urbanization leading to resource depletion. •                Industrial carbon emissions. •           ...
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