Coal Sector CSR Framework Launched by Ministry of Coal
Why in the news
The coal ministry introduced a dedicated corporate social responsibility template for firms operating in the sector.
Key facts
- Launch: Coal Ministry together with Coal India Limited.
- Novelty: a CSR template tailored to this one sector, the first of its kind for Indian coal firms.
- Prepared by: IICA, the Indian Institute of Corporate Affairs, an institute of the Corporate Affairs ministry.
Objectives
- Make CSR work transparent, measurable and outcome-oriented.
- Ensure communities in coal-mining regions get better benefits.
Exam angle
- Nodal ministry: Coal; developer body sits under Corporate Affairs.
- Key word: first sector-specific CSR framework.
- Beneficiaries: people living in coal-mining areas.