With reference to Corporate Social Responsibility (CSR) rules in India, consider the following statements: 1. CSR rules specify that expenditures that benefit the company directly or its employees will not be considered as CSR activities. 2. CSR rules do not specify minimum spending on CSR activities. Which of the statements given above is/are correct?

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UPSC Question: With reference to Corporate Social Responsibility (CSR) rule...

Economy

2024

Government Schemes

Industrial Policies

With reference to Corporate Social Responsibility (CSR) rules in India, consider the following statements:

CSR rules specify that expenditures that benefit the company directly or its employees will not be considered as CSR activities.
CSR rules do not specify minimum spending on CSR activities. Which of the statements given above is/are correct?

A.1 only

D.Neither 1 nor 2

B.2 only

C.Both 1 and 2