Green Hydrogen to steer Indian Economy

  Channelize Corporate Social Responsibility (CSR) obligation for green foot prints

The companies bill 2011 became law. The bill has been approved by Lok sabha and Rajya sabha. The bill is about mandate large sized corporation to spend 2% of their net profits on Corporate social Responsibility activities.

As per the companies Bill 2011, companies with a profit of INR 5 Billion or more, a turnover of INR 10 billion or more , or a net profit of INR 50 m or more, in a fiscal year , year, shall constitute a CSR Committee of the Board consisting of three or more Directors, including at least one Independent Director, to recommend activities for discharging corporate social responsibilities in such a manner that the company would spend at least 2 per cent of its average net profits of the previous three years on specified CSR activities. Giving this information in written reply to a question in the Rajya Sabha 22 April 2013, Shri Sachin Pilot, Minister of Corporate Affairs, said that such expenditure will be incurred directly by the companies.

The projects implemented under the CSR relate to water supply arrangement, construction of school buildings, supply of educational materials in schools, electricity facility, solar lighting system, health and family welfare, irrigation facilities, sanitation and public health, relief to victims of natural calamities, imparting vocational training etc.

 As part of its environment-protection initiatives, Indian Oil has invested close to Rs. 7,000 crore in state-of-the-art technologies at its refineries for production of green fuels meeting global standards. To further reduce dependence on precious petroleum products and secure the nation's energy security, the Corporation is now in the process of commercializing various options in alternative fuels such as ethanol-blended petrol, biodiesel, and Hydrogen and Hydrogen-CNG mixture. Like many companies are expected to spend on the environment sustainability to meet a part of their obligation.

Tapping CSR funds to Solar lights, Solar street lights, solar water pumps to the farmers could be key solution for green foot prints.

Toshiba Plant Systems & Services has been stretching out a helping hand since November 2008 to the Solar Lantern Project of the Gaia Initiative, a project in India to donate rechargeable solar LED lanterns to people living without electricity. The parent organization for this activity is the "Lighting a Billion Lives (LaBL)" project being promoted by The Energy and Resources Institute (TERI) of India. The Gaia Initiative is its partner soliciting contributions in Japan.

AS per the survey 142 millions people in india  have no access to electricity.
The LaBL project sets up a solar charging station with 50 rechargeable LED lamps in villages that rely on kerosene lamps to provide electric lighting.