Covid-19 Health Infrastructure as CSR Activity
Companies using their corporate social responsibility (CSR) funds to create health infrastructure for Covid-19 is an "eligible activity", said the government on 5th May as it encourages resources to fight a second wave of infections. Resources to establish medical oxygen generation and storage pl
Published -
May 11, 2021 3:53 AM
Companies using their corporate social responsibility (CSR) funds to create health infrastructure for Covid-19 is an "eligible activity", said the government on 5th May as it encourages resources to fight a second wave of infections. Resources to establish medical oxygen generation and storage plants and manufacturing and supply of oxygen concentrators, ventilators, cylinders and other medical equipment for Covid-19 will be regarded as CSR activities, said the corporate affairs ministry. Companies, including state-owned, can work on Covid-19 healthcare either themselves or in collaboration with others. The ministry had in April said that spending funds on setting up makeshift Covid-19 hospitals and temporary care facilities will be considered as an eligible CSR activity. It was a clarification of circular it issued last year during the first wave of Covid-19 infections. Spending funds on awareness campaigns and public outreach programmes to promote vaccination is an eligible CSR activity, said the ministry in June.
Tags : News/Views COVID-19 Health Infrastructure CSR Activity