PSUs, private entities not spending 2% of profit in CSR activities in Assam: assembly panel

The panel suggested the formation of district-level committees, for selection and proper monitoring of the schemes under the CSR.

Big PSUs, including Oil India, Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IOC) and Coal India, and private sector entities are not spending the mandatory 2% of their annual profits on corporate social responsibility (CSR) activities in Assam, despite having their production units in the State, an assembly committee has observed. The assembly panel in its report for the Industries Department for 2021-22 suggested that PSUs and private firms with production units outside Assam should spend at least 5% of their total CSR funds in the State. "The committee observes with serious note that the performance of CSR activities of the PSUs and the private sector industries in the State is very dismal,” the Departmentally Related Standing Committee on Development (A) Departments said in its report.