Current Affairs

NALCO to get President's award for utilisation of CSR

National Aluminium Company Limited (NALCO), an Odisha-based Navaratna Company has been selected for President's award for utilisation of Corporate Social Responsibility (CSR) fund in social development.
NALCO to get President's award for utilisation of CSR
  • NALCO was selected for its Aliali Jhia Scheme.

About Aliali Jhia:

  • In 2015 NALCO started a scheme called Aliali Jhia.
  • The scheme was on the line of 'Beti Bachao Beti Padhao' to adapt and promote the poor and talented girls for education.
  • It is aimed to promote the education of Girls of BPL (Below Poverty Line) families.
  • Under this scheme, NALCO adopted 416 girls from BPL families of 66 villages in Anugul and Koraput districts of Odisha.
  • These girls are reading in 45 different schools and under this scheme, the company is bearing all expenditure for education and promotion of talent from 8th to 10th class.
  • The scheme is now joined by employees of the company.

About National Aluminium Company Limited:

  • NALCO is a Navratna CPSE (Central Public Sector Enterprises) under Union Ministry of Mines.
  • Central Government holds 52% equity of NALCO.
  • It was established in 1981, with its registered office at Bhubaneswar, Odisha.
  • It is one of the largest integrated primary producers of Aluminium in Asia.
  • It encompasses the entire value chain from bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.

What is Corporate Social Responsibility?

  • CSR is funding and grants process undertaken by the corporate sector under which they provide financial and other support to Non-Profit Organisations (NGOs).
  • Under Companies Act, 2013 it is a mandatory provision for companies to provide a contribution of 2% of the average of their net profits.

Question:

Q. Which company has been selected for President's award for utilisation of Corporate Social Responsibility (CSR) fund in social development?
a. Coal India Limited
b. Power Finance Corporation Limited
c. National Aluminium Company Limited
d. Rural Electrification Corporation Limited
NALCO to get President's award for utilisation of CSR NALCO to get President's award for utilisation of CSR Reviewed by Neha Verma on July 01, 2019 Rating: 5

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