With the enactment of the Industrial Enterprise Act (2016) and its regulations, the mandatory corporate social responsibility (CSR) is now set for implementation. As per the provisions made in the law, all medium and large scale units and small scale units with a turnover of Rs 150 million are obliged to allocate minimum one percent of their net profits into CSR budgets every year.
With the rise of “populism” and populist governments in the world, corruption has been considered as both its cause and the consequence. Whether it is 1Malaysia Development Berhard (1MDB) in Malaysia, Operation Car Wash in Brazil or the case of Samsung in South Korea, corruption is the key factor in political changes. Even US President Donald Trump’s campaign for Draining the Swamp (DTS) and Indian Prime Minister Narendra Modi’s demonetization program are related with corruption problems. When corruption is deeply entrenched in politics, it is difficult to discern whether it is a problem or a solution.
The second term of Prime Minister KP Sharma Oli has unleashed the imaginations of our cartoonists. There is so much fun and entertainment in viewing cartoons published in the media. Due credit must be given to Oli for giving us an opportunity to laugh and forget our sufferings, albeit for a while.