Guidelines needed to monitor corporates' CSR spending: Tata

Prominent business leader Ratan Tata has expressed the need for some guidelines to monitor spending of the Corporate Social Responsibility funds by corporates. Speaking to reporters in Mumbai yesterday, Mr. Tata said there might be some companies which would be either wasting the money or siphoning in some form. 

Tata Sons Chairman Emeritus said the CSR must come from one's heart. Talking about the e-commerce sector, Mr. Tata said it is a new trend in country’s commerce serving millions of people. The veteran industrialist said these young entrepreneurs and their startups must be given a chance to prove themselves.