BFIs are now also allowed tapping into CSR fund for the treatment of employees infected with Covid-19

Whose responsibility?

September 5, 2019 01:05 am

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.

KATHMANDU, July 13: Everest Ad & Event Management, an advertising and event management company, has provided food and other items to Matatirtha Briddhashram Samiti, an elderly home located in Kathmandu. Marking its anniversary, the company distributed 300 kilograms of rice grains, 30 kg pulse grains, 50 kg potato, 50 kg sugar, and 10 liter cooking oil, salt, spices, chicken, mutton, washing soap, bath soap, handwash, detergent, toiletries, and chairs under its corporate social responsibility (CSR) activity, according to a press statement issued by the company on Thursday.