Companies spent ₹8,803 cr on CSR-related activities in FY15
Companies spent ₹8,803 crore on Corporate Social Responsibility (CSR)-related activities in 2014-15, government data showed. Law mandates entities with a ₹500 crore net worth or ₹1,000 crore revenue or ₹5 crore net profit to spend 2% of the average of last three years' profit on CSR. However, the total prescribed expenditure, as per the 2% norm, was ₹11,883 crore.