Karnataka Congress Demands Transparency in ONGC CSR Funding Allegations
Karnataka Congress president B K Hariprasad has raised concerns over the allocation of Rs. 668 crore in CSR funds by ONGC to organizations linked to RSS. The demand for transparency highlights the need for accountability in public-sector corporate social responsibility expenditures.
Theia Market Signal Identification - AI Assisted
Karnataka Congress president B K Hariprasad has alleged that Oil and Natural Gas Corporation Limited (ONGC) allocated Rs. 668 crore in CSR funds to 20 organizations linked to the Rashtriya Swayamsevak Sangh over a decade. ONGC's total CSR expenditure between Q1 2015 and Q1 2025 is reported to be Rs. 4,531 crore, with the controversial allocations representing approximately 14.7% of this total.
Hariprasad emphasized the need for transparency in how public-sector CSR funds are selected and monitored, arguing that citizens have a right to know about public resource allocation. The allegations require scrutiny, including compliance with CSR guidelines and the legitimacy of the funded projects. ONGC's CSR budget stems from statutory obligations under the Companies Act, raising questions about public oversight and accountability in the use of these funds.
Comments