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TISS is hub for corporate social projects

Tata Institute of Social Sciences is the national hub for implementing the corporate social responsibility guidelines.

mumbai Updated: Mar 22, 2011 01:16 IST
HT Correspondent

Tata Institute of Social Sciences is the national hub for implementing the corporate social responsibility guidelines.

TISS will act as a think-tank, undertake research for the corporate social responsibility projects. The possible areas of activities under corporate social responsibility (CSR) could be adoption of villages, pollution control, preservation of environment and so on. Central Public Sector Enterprises will have to contribute towards the corporate social responsibility projects.

“Corporate sector cannot shirk its responsibility of bringing change towards improving people’s lives,” said Praful Patel, Union heavy industries and public enterprises minister, while inaugurating the hub on Monday. “It is not only government’s responsibility but also corporate sector’s responsibility to contribute to development.”

As per the CSR guidelines drafted last year by Department of Public Enterprises (DPE), Central Public Sector Enterprises would be mandated to create a budget as a specified percentage of net profit of the previous year.

TISS will monitor the CSR activities. “We have people working for CSR programme. But looking at the need, we will recruit more people who will be dedicated to the project,” said Prof S Parasuraman, director, TISS.