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PSUs asked to share 2% profit to boost education

Created by : Suhas Dutta, Founder Director, KOOLSKOOL (delhigate educomm)  | 11 09 2010 06:32:02 +0000
Industry : Teaching/EducationFunctional Area : Strategy Execution(Strategy & Execution)
Keywords : csr psu public sector corporate social responsibility govt. of india government-aided navaratna hrd ministry
Activity:  237 views;  last activity : 11 10 2010 09:13:12 +0000

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The human resource development (HRD) ministry has written to our nation’s 100 largest public sector units (PSUs) to part with 2% of their profit for improving school education as part of their corporate social responsibility (CSR). The next step surely would be for the HRD ministry to make the same request of private companies.

  
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No, account for the money being spent right now Vs Yes, this might help
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There is no transparency in spending of govt on educations and if PSU's start sharing there 2% profit, then again all these money goes into politician pocket and not to our education system.....
By Manish Lalla, M.M.S student, H &GHM INSTITUTE OF MANAGEMENT  11 09 2010 07:34:27 +0000
 
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We all happy to hear that "India Emerged as an Developed Country" by Barack obama, But are we know that we have to pay all our taxes even for our education, water, electricity, gas etc.. First account our money is being kept in Foreign Banks by politicians.What happened to the CWG Scam. 2G Spectrum. Our money has been misused by politician in many other ways. Now they will form a rule to regularize the Corruption, i believe.
By Kandavel Raja, Project Manager, Sobha Developers Ltd  | 11 09 2010 08:30:50 +0000
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This opens up a can of worms. Where is the current amount of money going. If the Navratna PSUs start contributing 2% of their profits, should this be without the consent of shareholders? READ MORE AT...
By Suhas Dutta, Founder Director, KOOLSKOOL (delhigate educomm)  | 11 09 2010 06:32:02 +0000
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But should the government not account for the money that is in its hands already before asking for more?
By Suhas Dutta, Founder Director, KOOLSKOOL (delhigate educomm)  | 11 10 2010 09:13:11 +0000
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Yes this might help to some extent. Seeing this other companies may come forward to do the same.
By Sonali Sarkar, Trading Advisor, American Express  | 11 10 2010 09:03:23 +0000
Argue for "No, account for the money being spent right now"
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