Under the new Companies Act, 2013, all profitable companies with a sizeable business will have to spend every year at least 2% of 3 year average profit on CSR works

Expecting an annual CSR spending of Rs 15,000-20,000 crore by India Inc, Corporate Affairs Minister Sachin Pilot has asked companies to see the new law as an investment opportunity to create a better work environment, rather than a forced expenditure.