Research we publish so anyone can check it — the data, the method and the argument, all open. First series: India's CSR system, built from eleven years of official CSR.gov.in disclosures, published while the Corporate Laws (Amendment) Bill 2026 is with a Joint Parliamentary Committee. Second series, new: the derivatives market, read out of SEBI's own two-year study of who loses and who collects — twice over, once as an argument and once as a ledger of every figure with its source.
SEBI's own two-year study, read slowly: 87.7% of India's individual derivatives traders lost money in FY26, 92% of it in options — and ten algorithmic desks took ₹33,124 crore, three-quarters of all proprietary-desk profit. The ledger, the people, the costs, and who collects them.
The same SEBI study, laid out as a ledger rather than an argument: every figure beside its source, graded by how directly we checked it — including the widely repeated ones we could not source, kept on the page so the correction travels with the number. Nothing here is scored or ranked.
The plain version, for everyone. What CSR is, why ₹61 is spent on a poor person in Bihar and ₹64,308 on one in Goa, and what you can do about it.
Ten gaps in India's corporate social responsibility system, ordered by how much they matter — from the parliamentary window open this week out to 2047. The short version: there is enough money. It is going to the wrong places.
One number per state: its share of CSR divided by its share of India's poor. Bihar scores 0.05. Goa scores 48.8. Sixty-one per cent of India's poor live in seven states that get eleven per cent of the money.
Every chart behind the analysis in one page you can explore: which states get the money, which sectors take it, the slowdown in public sector spending, and the misallocation index.
The 850-word version: a poor person in Goa draws a thousand times the CSR money of a poor person in Bihar, and a committee in Delhi is quietly deciding whether that changes.
Three concrete amendments to Section 135: keep the base broad, fix the geography, make the money traceable.
How we did it, published in full: start from a decision someone is about to make, find one honest number, check it before publishing, then write the same finding five ways for five kinds of reader. CC-BY-SA — take it and run it on your own district.
A letter to your MP you can send today, a request asking what CSR did in your district, and the numbers worth passing on. Copy it, change it, send it — while the Bill is still with the Committee.
Pick your state and see how much corporate social spending reaches each poor person there. Then download a card sized for WhatsApp and LinkedIn.
Three RTI applications ready to file — to your District Collector, to a public sector company, and to the Ministry. This is how the missing district data gets built.
People are asking where CSR money went in their district. Every answer that comes back is recorded here with its source. It is a collection, not a scoreboard. Add what you found.