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CSR norms cover 16,500 companies

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Mumbai: As many as 16,500 companies in India fall under the purview of mandatory corporate social responsibility (CSR) norms, posing a challenge not only for those engaging in such causes for the first time but also others in terms of effective implementation and reporting, experts maintain. Lesson7_CSR_logo2

“Companies have good intention to spend on CSR but are not able to manage the entire CSR lifecycle,” said Parul Soni, global managing partner with Thinkthrough Consulting Global, which specialises in social development initiatives.

“They are unable to find good implementing partners — those who are able to understand the vision of the company,” Soni told a seminar co-hosted by the National HRD Network (NHRDN) and Thinkthrough Consulting.

“There is an immediate need to develop the capacity of the implementing partners across different domains so that they can sustainably implement the CSR vision of the company.”

Stakeholders told the seminar that despite India emerging as one of the fast-growing economies, millions of Indians still live in abject poverty, putting the corporate sector under severe scrutiny due to such uneven development.

With Section 135 of the Companies Act, 2013 laying down the rules for CSR, the seminar focused on “From Act to Action” towards better implementation of the mandate given to the corporate sector, as also to prepare a blueprint for the road ahead.

“CSR needs to focus on issues related to women empowerment, child nutrition. We say our children are the future of this country! Let’s collectively make an effort to keep our future well nourished at an early age, as most of their growth happens during the first few years,” Lalitha Kumarmangalam, chairperson of National Commission for Women, said.

“Also let’s rise & contribute towards the women empowerment by ensuring financial independence, instilling soft skills and by making them technology savvy,” she added.

Most NGOs or foundations for social welfare, are run by people with good intentions but the lack of execution and insufficient co-ordination with the corporates is not getting them the respect they deserve, K Ramkumar, national president NHRDN and executive director ICICI Bank said.

“It is this mismatch which is making the funds fall through the cracks.”

(IANS)

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India Continues Engaging With USA Over H-1B Passport Issue

India is closely engaged with the US administration as well as the US Congress on this matter.

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As Trump proposes changes in H1-B visa, India continues to engage with US

India is continuing to engage with the US over the H-1B visa, largely availed of by Indian IT companies, after the Trump administration proposed changes to the programme, a senior official said on Thursday.

“It is a very important topic for us and that is the reason why we have time and again at various levels, we have taken up this matter with the US side,” External Affairs Ministry spokesperson Raveesh Kumar said in response to queries by journalists here.

Kumar said that most recently, the issue was raised during the first ever India-US 2+2 Ministerial Meeting held here last month that was attended by External Affairs Minister Sushma Swaraj, Defence Minister Nirmala Sitharaman, US Secretary of State Mike Pompeo and Defence Secretary Jim Mattis.

On Wednesday, the US Department of Homeland Security (DHS) said that the US Citizenship and Immigration Services (USCIS) plans to come out with its new proposal by January 2019.

India n Passport
It will also “revise the definition” of employment and employer-employee relationship to “better protect” US workers and wages Flickr

The DHS said it was also proposing to remove from its regulations certain H-4 spouses of H-1B non-immigrants as a class of aliens eligible for employment authorisation.

The move to end the rule could have an impact on more than 70,000 H-4 visa holders, who have work permits.

The H-4 visas are issued by the USCIS to immediate family members (spouse and children under 21 years of age) of the holders of H-1B visa.

The DHS said it will propose to revise the definition of speciality occupation to increase focus on obtaining the best and the brightest foreign nationals via the H-1B programme.

It will also “revise the definition” of employment and employer-employee relationship to “better protect” US workers and wages, the DHS said.

Donald Trump, India
President Donald Trump speaks about immigration alongside family members affected by crimes committed by undocumented immigrants, at the South Court Auditorium on the White House complex, June 22, 2018, in Washington, VOA

In his remarks on Thursday, Kumar said that India is closely engaged with the US administration as well as the US Congress on this matter.

Stating that there are certain bills which have been introduced, he, however, said that “it is important to note that none of these bills have been passed so far”.

“When we have engaged with the US, we have emphasised that our partnership which we have in the digital sphere have been mutually beneficial,” the spokesperson said.

Also Read: USA And Other Countries Pledge To Eradicate Illegal Wildlife Trade

“We have highlighted the role which has been played by the highly skilled Indian professionals who have actually contributed to the growth and development of the US economy,” he stated.

“And also they have helped the US to maintain a competitive edge in the world towards innovation and science and technology.” (IANS)

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