Govt asks firms to contribute 7% CSR funds to Swachh Bharat
Union Minister PP Chaudhary has asked over 11 lakh companies to contribute 7% of their Corporate Social Responsibility (CSR) spending to 'Swachhta Hi Seva' campaign which will continue till October 2. Notably, under the Companies Act, 2013, certain profitable firms are required to spend minimum 2% of their 3-year average annual net income towards CSR activities in a financial year.