A Study of Corporate Social responsibility practices by Indian Companies

AUTHOR(S)

Dr. S. Lakshmi

DOI: https://doi.org/10.46647/ijetms.2023.v07i03.008

ABSTRACT
Our country is a developing economy, where Corporate Social Responsibility (CSR) plays a vital role in organizations. Today one can easily notice a paradigm shift from profit oriented to being socially responsible. The CSR has been implemented in last two decades, when Indian companies have realized the importance of sustaining this cutthroat competition era. CSR plays a crucial role in sustainable development which is only possible where there is proper balance between profit and social responsibility. The problem with Corporate Social Responsibility is nobody is very clear about what exactly it means. The Indian government as been trying to make it mandatory for companies to spend at least 2% of their net profits on CSR. Today, Some companies provide lunch to their employees or tackling global warming issues and claim it has CSR initiative. The purpose of this study is to explore the provisions of the Companies Act 2013 and CSR initiatives taken by the Indian companies.

Page No: 60 - 63

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How to Cite This Article:
Dr. S. Lakshmi .A Study of Corporate Social responsibility practices by Indian Companies . ijetms;7(3):60-63. DOI: 10.46647/ijetms.2023.v07i03.008