Monday, 5 February 2018

CSR Data Portal on MCA will enhance accountability and transperancy

CSR Data Portal MCA

Information regarding Corporate Social Responsibility for private limited entities and corporates can now be tracked on Ministry of Corporate Affairs' website MCA21 registry portal. Arun Jaitley, Union Minister for Finance and Corporate Affairs launched the National CSR Data Portal & Corporate Data Portal today in the presence of P.P. Chaudhary, Minister of State for Corporate Affairs and Law & Justice. The FM said that the initiative is a significant step towards driving accountability and transparency for corporate India. By making the portals accessible to general public, it will ensure a high level of compliance and also in institutionalising and consolidating the CSR activities.

The government further mentions that National CSR Data Portal would capture information on CSR activities filed on the MCA21 registry in their financial statements. The filed information would provide a snapshot of CSR activities carried out by companies. The CSR portal would contain all the filed information, which can generate pre-defined reports with respect to expenditure across states, districts, development sectors, etc. 

The CSR Data portal would also provide feedback on projects to be given by registered users and generate predefined reports and customised reports. The move reflects government's commitment in leveraging technology for smart governance. Corporate Data Portal would help in becoming a potent enabler for greater transparency and creation of tools for stronger Corporate Governance.

Both the portals launched by the government aims to bring 100% transparencies in corporate governance. The open data of 4 million filings from 1.2 million companies will be accessible to general public, corporates and philanthropists, besides bringing together CSR contributors, implementers and beneficiaries and aligning CSR activities with national development goals.

The National CSR Data Portal will capture information on CSR activities carried out by eligible companies, filed on the MCA21 registry in their financial statements. The filed information provides a snap shot of CSR activities carried out by companies. The CSR portal contains all filed information, which can generate pre-defined reports with respect to expenditure across states, districts, development sectors, etc. The Portal also provides for feedback on projects to be given by registered users. The open access to data is expected to help researchers, improve quality of data filed by companies, as well as involve intended beneficiaries in giving valuable feedback to companies.

While the Corporate Data Portal aims at making all the financial and non-financial information of the companies available in a user friendly format to the general public. It also has facility to generate pre-defined reports and also customised reports.

- Chaitanya Kulkarni

Source - Public Information Bureau.

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