Corporate social responsibility in India (original) (raw)
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The Indian Scenario of Corporate Social Responsibility
International Journal of Emerging Research in Management and Technology, 2017
overnment of India provided guidelines for implementation of CSR in industries it helps the developing country like India to assist it in meeting social and environmental standards. The CSR approach is holistic and integrated with the core business strategy. CSR has gone through many phases in India. India has become the only country in the world with legislated corporate social responsibility. Now a day the increasing awareness about CSR & changing environment forces the companies to contribute for CSR fund for different activities. All corporate should try and bring about a change in the current social situation in India in order to have an effective and lasting solution to the social woes.
Corporate Social Responsibility and its Control on Companies of India
2015
CSR in India has traditionally been seen as a philanthropic activity because of social life, economic conditions and lack infrastructure. The present study has made an endeavour to comprehend the status and activities made by extensive firms of India in setting to CSR policy framing and implementation. The Government of India has also enhanced its focus on persuading companies to participate in addressing social and developmental issues, not only as a part of their social responsibility but also their business practices. India has entered or taken a transformational change by including into new CSR activities.
Role of corporate social responsibility in development of India
International journal of health sciences
CSR in India has customarily been seen as a philanthropic action. And in keeping with the Indian convention, it was a movement that was performed but not deliberated. As a result, there's constrained documentation on particular exercises related to this concept. In any case, what was clearly apparent that much of this had a national character typified inside it, whether it was blessing educate to effectively taking an interest in India’s opportunity movement, and inserted within the thought of trusteeship. On April 1, 2014, India became the first country to legally mandate corporate social responsibility. The rules in Section 135 of India’s Companies Act make it mandatory for companies of a certain turnover and profitability to spend 2% of their average net profit for the past three years on CSR. CSR has become a fundamental business practice and has gained much attention from the management of large international companies. It facilitates the alignment of business operations wi...
Development of Corporate Social Responsibility (CSR) in India
Journal of Asian Scientific Research, 2011
The interest in Corporate Social Responsibility (CSR), which recognizes thatcompanies have obligations that extend beyond short-run profit maximization toinclude notions of social and environmental concern, has increased considerably inrecent decades. The globalization of the world economy and the related tradeliberalization has brought forward a discussion of the importance of business as anactor in the development of society. The aim of this research is to analyse theeffectiveness of the CSR strategies of international companies in terms of their impacton development in the host country. This will be performed as a case study of CSR inIndia. India constitutes a location with significant potential for international companiesto contribute to development through CSR since it is an open nation with substantialinternational presence but still faces challenges regarding poverty alleviation andinequalities. Very little academic literature examines the development effects of CSR.In order ...
Corporate Social Responsibility (CSR) in India: A Review
SSRN Electronic Journal, 2015
Corporate Social Responsibility (CSR) is a concept, which states that private corporation or public organisation has a responsibility to the society they belong to. It minimises the cost as well as risks, thereby, increasing the brand value and reputation of the company. According to Howard Bowen (pp. 3), "CSR refers to the obligations of businessmen to pursue those policies to make those decisions or to follow those lines of relations which are desirable in terms of the objectives and values of our society." The CSR activities need to be in tune with effective strategic policies so that the aim of sustainable environmental, social and economic progress may be achieved. This article seeks to explain various initiatives taken in the field of CSR by the different companies of India. In doing so, it discusses the growth and the key challenges faced while trying to deliver the activities of CSR.
In this paper an attempt has been made to discuss the various issues related to Corporate Social Responsibility (CSR) in India. In addition, the studies pertaining to the status of CSR in Indian corporate sector have been critically elaborated during pre and post liberalization era. It is also evident that most of the forward looking companies in India have strongly been adopting CSR in their corporate policy to accomplish competitive advantage, profitability and performance in the light of liberalized world. In addition, it provides valuable information to the companies of India and other primary stakeholders about the prospects of development, reputation. In India, the government has been providing due emphasis on the growth of the CSR as a vehicle for transformation of the agrarian economy to the path of industrialization.
2020
This paper is based on the analysis of different theories and models of CSR prevailing around the Globe and their relevance in Indian context. An analysis of the CSR ecosystem in the country with impacts of the regulatory and promotional provisions mentioned under the Companies Act 2013, suggestive fields of CSR given under the Schedule VII of the Companies Act 2013 and CSR Rules 2014 as well as different ordinance and notifications issued by the Government of India and various State Governments has also been presented. Influence of various international and national voluntary guidelines, codes and standards i.e. ISO 26000, UNGC, AccountAbility, OECD Guidelines, GRI, National Voluntary Guidelines on Economic, Social and Environmental Responsibilities of the Business on the CSR planning and implementation and their linkages with the CSR related provisions of the Companies Act 2013 has been explored. How above regulatory and voluntary ecosystem affects CSR projects of companies in India has also been explored and presented in this paper. As a result of the above analysis, the researcher has presented a newly developed model on CSR in Indian context.