Open AccessA Conceptual and Evolutionary Study of Corporate Social Responsibility in India
Author(s) -
Naveen Kumar
Publication year - 2020
Publication title -
international journal on integrated education
Language(s) - English
Resource type - Journals
eISSN - 2620-3502
pISSN - 2615-3785
DOI - 10.31149/ijie.v3i8.563
Subject(s) - corporate social responsibility , wife , foundation (evidence) , government (linguistics) , companies act , social responsibility , management , business , accounting , economic growth , political science , law , corporate law , economics , corporate governance , philosophy , linguistics
Corporate Social Responsibility (CSR) is the concept of defining the responsibilities of the business and engaging them to perform their social duties. CSR is a not an Indian concept but a global one. World’s Richest man, Bill Gates, is also a great philanthropist who and his wife jointly run, Bill and Melinda Gates Foundation. Richest family of India, Reliance, runs Reliance Foundation whose chairperson is Mrs. Neeta M Ambani. This spirit is to be ignited in all the business houses and companies of India and for this in 2014 Government of India passed the law to include CSR as a compulsory contribution made by the eligible companies, as defined in section 135 of Companies Act 2013. The paper studies the evolution and development of CSR in India in its present form.