Firms can work on Covid-19 healthcare either themselves or in collaboration with others.
CSR activities | Coronavirus | Ministry of Corporate Affairs
BS Web Team |
Last Updated at May 5, 2021 12:56 IST
A health worker takes a nasal swab to test for Covid-19 at a government facility in Hyderabad. Photo: PTI
Companies using their corporate social responsibility (CSR) funds to create health infrastructure for Covid-19 is an “eligible activity”, said the government on Wednesday as it encourages resources to fight a second wave of infections.
Resources to establish medical oxygen generation and storage plants and manufacturing and supply of oxygen concentrators, ventilators, cylinders and other medical equipment for Covid-19 will be regarded as CSR activities, said the corporate affairs ministry in a circular posted on Twitter. Companies, including state-owned, can work on Covid-19 healthcare either themselves or in collaboration with others.
The ministry had in April said that spending funds on setting up makeshift Covid-19 hospitals and temporary care facilities will be considered as an eligible CSR activity. It was a clarification of circular it issued last year during the first wave of Covid-19 infections.
Spending funds on awareness campaigns and public outreach programmes to promote vaccination is an eligible CSR activity, said the ministry in June.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
First Published: Wed, May 05 2021. 12:50 IST