India is the second-most populated country, according to the latest United Nations population division data India's current population is estimated at 1,380,004,385 which is equivalent to 17.7% of the total world population (the year 2020). According to the United Nations Population Division, India will soon overtake China to become a more populated country in the whole world. India is still coming in the developing countries category. India has been independent for 72 years but is still progressing because there are lots of major issues that India faces every time that makes India a developing country. The United Nations has divided countries into three categories, I.e. Developed countries, developing countries and undeveloped countries. These major categories are classified by various factors, such as Economic status, Gross Domestic Product, Gross national product, per capita income, the standard of living, human development Index, etc. India faces these major problems due to the huge population, poor economic development, unemployment, natural disaster, low industrialization, social evils like discrimination, religion-based politics, corruption, gender inequality, superstition, infant and child mortality, illiteracy, no proper agenda, malnutrition and education, poor infrastructure development. Due to this problem, India is somehow lacking somewhere.
India is the first country to legally mandate corporate social responsibility, the reason is that CSR helps India to achieve sustainable development and gaining social responsibility.
Ashima Obhan and Shubhangi Agarwal simply describe this Amendment act, which is easy to understand. Amendment act related to corporate social responsibility, according to section 135(1) provides that companies having a net worth of Rs. 500 Crore or more or turnover of Rs. 1000 Crore or more or net profit of Rs. 5 Crore during the immediately preceding financial year is required to form a CSR committee of their board of directors. This CSR policy that is formed is required to indicate the activities and the projects that will be undertaken in the areas specified in Schedule VII of the Act along with the recommended amount of expenditure to be incurred in conducting such activities, It helps to improve sustainability growth and sincerity towards social responsibility, and the activities that conducted by the company which helps to achieve goals are mentioned below:
● Eradicating extreme hunger and poverty;
● Promotion of education;
● Promoting gender equality and empowering women;
● Reducing child mortality and improving maternal health;
● Combating human immunodeficiency virus, acquired immune deficiency syndrome, malaria and other diseases;
● Ensuring environmental sustainability;
● Employment enhancing vocational skills;
● Social business projects;
● Contribution to the prime minister's national relief fund or any other fund set up by the central government or the state governments for socio-economic development and relief and funds for the welfare of the scheduled castes, the scheduled tribes, other backward classes, minorities and women; and
● Such other matters as may be prescribed.
Innovative Financial Advisors Pvt. Ltd (Fiinovation) is a leading research and advisory firm that offers expertise in the corporate social responsibility (CSR) and sustainability domain. Fiinovation talks about many major problems such as waste management, rain harvesting, open defecation, disaster management, rural tourism, how to achieve universal health coverage in India, affirmative action and CSR for promoting livelihood for women, how to redefine CSR sector, gender equality, how CSR makes your startups most impactful, survival on streets, drugs impact on health, manual scavenging, CSR for agriculture development, antenatal care, female participation in agriculture in India. Fiinovation team always focuses on how their Fiinovation CSR activities make impactful for developing nation India. They mainly focus on social problems. Fiinovation believes action speaks louder than words. They have mentioned their work in Fiinovation Blogs that explains how solving social problems is their first responsibility. Fiinovation provides its services to both corporations and civil society organizations (CSOs) in carrying out field research studies, forging alliances, designing CSR policy of corporations. fiinovation has done many successful projects, the following mentioned projects in their fiinovation projects: COVID-19 Relief Project in Udaipur, Rajasthan, supported by Sandvik Asia, Fiinovation & SMS India Pvt Ltd partner for COVID-19 relief project in Pune, Maharashtra, A COVID-19 Relief and Awareness Project in Mahesana, Gujarat, supported by Sandvik, SMS India and Fiinovation partner for COVID-19 relief project in Khordha, Odisha, COVID 19 Relief Project in Kolkata with SMS India Pvt. Ltd, Fiinovation joins hands with Admitad India to help daily wage earners, Programme Management of Sustainable Agriculture Project in Rayagada, Odisha, Need Assessment For a Consumer Goods Group Company in Mohali, Punjab, Company in Mohali, Punjab, Socio-Economic Study for India’s Only Independent Power Producer, Programme Management for a Rainwater Harvesting Project, Impact Assessment of Mobile Science Labs for a Leading Pharmaceutical Company, Socio-Economic Study for a Leading Cement Company, Baseline Assessment of Safe Drinking Water Project for a Renowned Renewable Energy Producer, Fiinovation Conducts Skill Gap Analysis for the Natural Rubber Growers, Impact Assessment of Leading Rubber Sector Skill Council’s Up-skilling Training Programmes, Impact Assessment of Renowned Automotive Tyre Manufacturers Three CSR Projects in Rajasthan, Impact Assessment of Digital Discovery Paathshala Project in Delhi, and many more.
Fiinovation family bridges the gap between the NGO and the companies and gives proper guidance to invest in the CSR activities which will benefit the society. They primarily focus on practise areas like health, education, livelihood skills and environment. Fiinovation CSR activities are appreciated by many corporates and the Fiinovation news about their latest projects is also covered by well-known media channels like ANI News and economic times. In February 2017 Fiinovation and Uflex Ltd jointly awarded for Best Environment-Friendly Projects and the title of the project was Natural resource conservation & optimization of ecosystem services’’. The Fiinovation team always focuses on how their Fiinovation CSR activities make impactful for developing nation India. They mainly focus on social problems. Fiinovation believes action speaks louder than words. They have mentioned their work in Fiinovation Blogs that explains how solving social problems is their first responsibility. Fiinovation CEO Dr. Soumitro Chakraborty and his team are working for new upcoming projects and are also honoured with many awards for their work. Some of the Fiinovation projects related to environmental sustainability are Rainwater harvesting, water management projects, developing various strategies for providing safe drinking water, solid waste management etc. We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.
Following are the Links:
Fiinovation Delhi NGO address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India
Comments