Govt amends CSR rules: Corporates can undertake multi-year projects

The government Friday amended various rules pertaining to the corporate social responsibility (CSR) regime, including allowing corporates to undertake multi-year projects and making registration compulsory for agencies implementing CSR activities on behalf of companies. Besides, companies have been allowed to set the excess amount spent under CSR up to three succeeding financial years. Non-compliance with CSR provisions has been decriminalised by shifting such offences to penalty regime, as per the Corporate Affairs Ministry.

Global cues, selling pressure pull Sensex down by 746 pts

After hitting the 50,000-level on Thursday, stock markets on Friday came under selling pressure amid weak global markets and persistent worries over Covid pandemic and economic recovery. The benchmark Sensex fell 746 points, or 1.50 per cent, to 48,878.54 and the Nifty50 plummeted 218 points, or 1.50 per cent, to 14,371.90 on across-the-board selling. The benchmark equity indices ended lower for the second straight day, correcting further after making a record high on Thursday. This was the biggest single-day drop for the benchmarks in a month. Friday’s correction marked the end of…

Fuel prices surge once more. Check what people will have to pay in major cities

Prices of petrol and diesel were raised across the country on Saturday for the fourth time this week as state-run oil marketing companies (OMCs) continued the upward price revision. Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) had resumed daily price revisions on January 6 after nearly a month-long hiatus. This came on the back of international oil prices firming up on hopes of demand returning from the rollout of coronavirus vaccines in different countries, including India.