Corporate Social Responsibility: An Indian Perspective

Abstract

The term Corporate Social Responsibility (CSR) means a concern’s responsibility to be accountable to all of its stakeholders in all its processes and actions. It is the growing commitment of the organisation to operate responsibly.Corporates may no longer limit themselves in using incomes of society and they had to be socially answerable corporate residents and should also donate to the social respectable. CSR is a convergence of various societal initiatives which leads to socio- economic development of the economy. There has been a significant variation in CSR in Indian Context after the enactment of Concerns Act 2013, in which contribution towards CSR was made mandatory. This paper tries to analyse CSR activities in India and challenges faced while implementing it.