Expenditure on corporate social responsibility (CSR) activities of New Mangalore Port Trust (NMPT) may increase substantially if its new Chairman M.T. Krishna Babu goes ahead with his plan.
The trust had spent Rs. 260.66 lakh on CSR activities during 2017-18 on various identified projects. As per the amendment to the Companies Act in 2013, companies with turnover of Rs. 1,000 crore or more and doing business of Rs. 500 crore or more a year have to earmark 2 % of their net profit for CSR activities.
Mr. Babu, who is holding concurrent charge of NMPT as well as Visakhapatnam Port Trust, said that the Vishakhapatnam Port spends 2 % of its total turnover, not net profit, towards CSR activities. Thus, the trust spent about Rs. 22 crore (2 % of total turnover of Rs. 1,100 crore) last year, partially through the civic body and partially on its own.
Similar initiative needs to be undertaken in Mangaluru too, Mr. Babu felt, saying that the port needs to do more for the city and surroundings.
When his attention was drawn to the black dust infested-road leading to Panambur Beach from National Highway 66 and the resultant nuisance, the chairman said that he would examine the possibility of deploying a vacuum truck to sweep the dust regularly.
The road passing through NMPT premises to Panambur Beach is used by trucks transporting coal and other minerals out of the port, while hundreds of tourists visiting the beach have to bear the brunt of the dust.
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