Fiinovation

The term CSR or Corporate Social responsibility became widely popular in the year 1960 in India. It refers to a business practice that includes integrating social and environmental concerns in business operations and interactions with their stakeholders. The CSR implementation in India is generally understood as a method through which a company achieves a balance of economic, environmental and social imperatives, while at the same time addresses the expectations of shareholders and stakeholders. According to Fiinovation  "Corporate Social Responsibility (CSR) is a concept that suggests that it is the responsibility of the corporations operating within society to contribute towards economic, social and environmental development that creates positive impact on society at large. Although there is no fixed definition, however the concept revolves around that fact the corporations needs to focus beyond earning just profits. The term became popular in the 1960s and now is formidable p...

A leading private sector health insurance company in India entered into a strategic partnership with Fiinovation, a top Corporate Social Responsibility (CSR) consulting firm , and Pinnacle Skills India, an NGO that works towards empowering youth through skill development and education. The programme's key objective is to provide skill development opportunities to women from financially disadvantaged communities in 36 districts across 8 states of India Under this collaboration, Fiinovation and Pinnacle Skills will extend their services to facilitate the corporation's social welfare project for training the youth to take up the roles of General Duty Assistants (GDA). The project's mandate includes community mobilisation through awareness activities, setting-up training centres for skill development, and ensuring employment opportunities. The complete CSR portfolio will be managed and monitored by F...

Indian Agriculture sector continue to remain shabby for the economic growth of India. Although, the rising demand of food in domestic and global markets can create huge possibilities, small and declining land holding, price volatility, soil degradation and climate risks continue to trouble the farmers.  Less opportunities and constraints to improve the agricultural sector also affects the farmers income, especially the small and marginal farmers. The overall development of agriculture needs to involve various service providers such as private agribusiness companies, NGO’s in dissemination of agricultural technologies with knowledge, skills, expertise and leveraging Corporate Social Responsibility (CSR) funds.  Although, inadequate amount of CSR funds has been spent in the agricultural sector by the companies, there is a huge potential for investment in this sector. Companies can implement CSR project for agricultural development and income generation for ...

Fiinovation, a top global Corporate Social Responsibility (CSR) and sustainability consultancy has entered into a partnership with People's Forum, along with a Public Limited Company in the business of manufacture of Calcined Petroleum Coke, for a social welfare intervention on Water, Sanitation and Hygiene (WaSH) components in Paradip. People's Forum is a non-profit organisation that works in sectors including women and child development, health and sanitation, livelihood and agriculture. The CSR programme will intend to benefit 700 households in the district, by sensitising the locals on water, sanitation, and hygiene (WaSH) practices. Evidently, the programme will ensure access to safe drinking water by installing community Reverse Osmosis (RO) plants in the locality. The activities will include installation of storage tanks for collection and storage of the purified water. Through this initiative, each household will be able to collect 20 litres of ...

  Image Source-Google CSR in India has traveled through different phases, such as community engagement, socially responsible production and socially responsible employee relations. Initially, it was more about philanthropic endeavors that were performed but not deliberated and documented. However, after the CSR ACT 2013, the awareness towards CSR as a management concept is increasing. CSR funds are an investment, and for every investment, it is imperative to measure the returns. The CSR mandate in India brought a cultural change among the Indian businesses by leveraging the expertise of companies for social development initiatives. It is an ideal case that the social investment being undertaken by corporations must bring about qualitative impact through the CSR initiatives. Evaluating the effectiveness of CSR programs is one of the most important steps in the end-to-end implementation of programs. Impact Assessment (IA) is a vital component to assess and analyze t...

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Google “ Jai Jawan Jai Kisan ” was the slogan given by our second Prime Minister Lal Bahadur Shastri in 1965 at a public gathering to cheer farmers to do their best to increase the production of food grains. The former PM strongly believed that soldiers and farmers are the backbones of Indian society and the nation needs to respect them and take care of their issues. However, this memorable phrase just remained a phrase. Since 1990, the situation of farmers started devastating at a high rate. It was reported that between 1995 and 2014 approx. 2,96,438 farmers committed suicide in India due to their deteriorating condition and the situation is still not under the control. According to a news (published in TOI), Maharashtra topped the list with 4,291 suicides, followed by Karnataka with 1,569, Telangana 1,400, Madhya Pradesh 1,290, Chhattisgarh 954, Andhra Pradesh 916 and Tamil Nadu 606. Together, these seven states accounted for 87.5% of total suicides in the farming sector in th...