Government widens scope of CSR spend to include R&D

In a boost to science and technology research and to the country’s startups, the finance minister on Friday expanded the list of activities allowed under the mandatory 2% Corporate Social Responsibility (CSR) spends. Firms wishing to support research and innovation can now use their 2% CSR corpus to back any central or state government-funded incubators or those by any agency or central and state PSUs.

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