Aiding in governance

News Today (04.01.2022)

It is well known that the collaborative effort of markets and the Government leads to development of a country. We also know that engaging with communities and non-state informal institutions is as important as working with the Government machinery.Section 135 of the Companies Act mandates corporates who are beyond a certain level of profits and turnover to pay at least 2% of their net profits before tax to the development space. This law gives corporates the necessary impetus to collaborate with non-state actors like Non-Governmental Organisations (NGOs) and Civil Society Organisations (CSOs). (Read More)

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