MCA is planning to use fiscal credit points as incentive to encourage Corporate Social Responsibility.
Corporate affairs minister Salman Khurshid said, “We are working on the concept of CSR where we would award special credit points to companies that undertake CSR activities. Infact, we foresee that we may have a CSR credit exchange one day. We will be in a public-private partnership with the corporates in which we will spend money on the training programmes and get people employed in the corporate sector. This way we can find a solution to the problem of unemployment and also address the lack of skilled workforce in India.”It is not clear as to what PPP model will be employed for achieving the main goal of training people and combing CSR with it?
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