Recently observations of the Ministry of Corporate Affairs were in news pertaining to Corporate Soci...........

Governance Issues Corporate Governance

Recently, observations of the Ministry of Corporate Affairs were in news pertaining to Corporate Social Responsibility. Which of the following statements regarding these observations is/ are correct?

As of 2015-16 only 3118 companies out of 5097 are contributing towards Corporate Social Responsibility expenditure.
The largest share of Corporate Social Responsibility funding goes to ‘Environment Sustainability’ following Eradication of Hunger, Poverty and Heathcare.

Select the correct answer using the codes given below

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Second statement is incorrect while first is correct.

The Ministry of Corporate Affairs observed that only 3118 companies out of 5097 are contributing towards Corporate Social Responsibility. Sector wise education, vocational training & livelihood as well as eradication of hunger, poverty and healthcare gets the largest share of CSR individually. This is followed by Environment Sustainability at the third position.