Page 13 - Banking Finance January 2022

ROUNDUP

be inspired by each other and explore panies have done CSR spend of Rs. has set an ambitious goal of training
options to grow in marine sector. 8,828.21 crore. Of these, as many as one crore small businesses and entre-
"There is a need to come up with en- 1,599 are non-PSUs, while 20 are PSUs. preneurs and 2.50 lakh creators in the
vironment friendly fishing and look for Non PSUs spend for CSR in 2020-21 next three years through its Centre for
sustaining the sector while continuing stood at Rs. 8,266.93 crore, while the Fuelling India's New Economy (C-FINE)
consumption," he said. 20 PSUs cumulatively spent Rs. 561.18 opened in Gurugram (Haryana).
crore, as per available official data up
Rupala called for greater awareness on The centre is one of Meta's largest
to September 30 this year.
Kisan credit card (KCC). "The Ministry offices in Asia. The new office will
has already extended support of KCC to house various teams from Facebook,
fishermen and women. The govern- India slips to 82 in bribery Instagram and WhatsApp.
ment will soon start a massive cam- rankings "Over the next three years, we will
paign to intensify awareness on KCC," attempt to train and skill one crore
he said. India has slipped to 82nd position in
2021, five places down from 77th rank small businesses and 2,50,000 creators
Union Minister of State for Fisheries, last year, in a global list that measures through the centre. We realise this is
Animal Husbandry and Dairying L business bribery risks. no small task, but we recognise that
Murugan said the potential of the sec- The list by TRACE, an anti-bribery stan- we have an obligation to rise to the
tor has been realised within a short dard setting organisation, measures unique opportunity presented by the
span of time and the country has set business bribery risk in 194 countries, forces of technology transforming In-
the ambitious target of achieving the territories, and autonomous and semi- dia," said Ajit Mohan, Vice President
one lakh crore export from the sector. and Managing Director, Facebook In-
autonomous regions.
dia (Meta).
According to this year's data, North
Corporate CSR spend de- Korea, Turkmenistan, Venezuela and Investments of Rs. 91,000
clines sharply to Rs. Eritrea pose the highest commercial crore expected for airports

8,828.11 cr in FY21 bribery risk, while Denmark, Norway,
Finland, Sweden and New Zealand development
India Inc's Corporate Social responsibil- present the lowest. Investments worth Rs 91,000 crore will
ity (CSR) spend for FY 2020-21 fell
In 2020, India ranked 77 with a score be made for developing existing and
sharply to Rs. 8,828.11 crore, much
of 45 while this year, the country stood new airports in different parts of the
lower than the cumulative spends of country, as several measures are being
Rs. 20,150.27 crore in FY2018-19 and at 82nd position with a score of 44, taken to boost the civil aviation sector,
Rs. 24,688.66 crore in FY 2019-20, of- the data showed. the government said.
ficial data submitted to Parliament. This score is based on four factors -
business interactions with the govern- The government has accorded in-prin-
An analysis of CSR filings made by the ciple approval for setting up 21
companies revealed that of the total ment, anti-bribery deterrence and en- greenfield airports and 8 of them, in-
annual CSR spent, about 60 per cent forcement, government and civil ser- cluding Pakyong (Sikkim), Kannur
of the CSR expenditure has been done vice transparency, and capacity for civil (Kerala), Orvakal (Andhra Pradesh),
through implementation agencies, said society oversight which includes the Kalaburagi (Karnataka) and Kushinagar
Rao Inderjeet Singh, Minister of State role of the media. (Uttar Pradesh), are now operational.
for Corporate Affairs in a written reply India fared better than its neighbours
to Lok Sabha question. - Pakistan, China, Nepal and In written replies to the Rajya Sabha,
Bangladesh. Bhutan, meanwhile, se- Minister of State for Civil Aviation VK
In India, the CSR architecture is disclo- cured 62nd rank, the data showed. Singh said the Airports Authority of
sure based and only CSR mandated India (AAI) has taken up a development
companies are required to file details programme to spend around Rs
of CSR spent annually in the MCA-21 Meta launches first 25,000 crore in the next 4 to 5 years
registry. standalone office in Asia for expansion and modification of ex-
In FY 2020-21, as many as 1,619 com- Meta (formerly known as Facebook), isting terminals, new terminals and

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