Shri Arun Jaitley, Union Minister for Finance and Corporate Affairs launched the National CSR Data Portal & Corporate Data Portal on the 19th of January in the presence of Shri P.P. Chaudhary, Minister of State for Corporate Affairs and Law & Justice.
- Shri Arun Jaitley 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 high level of compliance and also in institutionalising and consolidating the CSR activities.
- These portals are expected to bring 100% transparency in corporate governance by making public over 4-crore filings of nearly 1.2 million companies.
- The two portals would promote corporate transparency and accountability to public at large. They are also expected to become platforms for learning and sharing of ideas and information.
- They will also facilitate social audit of CSR projects, besides bringing together CSR contributors, implementers and beneficiaries and aligning CSR activities with national development goals.
National CSR Data Portal
- 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 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.
Corporate Data Portal
- 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.
- It would help in becoming a potent enabler for greater transparency and creation of tools for stronger Corporate Governance.
