Open AccessSOCIETAL INITIATIVES - A STUDY OF LEGAL COMPLIANCE OF CSR BY SELECTED MAHARATNA COMPANIES OF INDIA
Publication year - 2021
Publication title -
gap interdisciplinarities - a global journal of interdisciplinary studies
Language(s) - English
Resource type - Journals
ISSN - 2581-5628
DOI - 10.47968/gapin.410010
Subject(s) - corporate social responsibility , descriptive statistics , business , profit (economics) , accounting , consistency (knowledge bases) , economics , political science , mathematics , statistics , public relations , geometry , microeconomics
The main purpose of this study is to know the CSR compliance obeyed by public sector enterprises in India. Thedata have been gathered from annual reports of the chosen five Maharatna Companies of India. The data ofaverage profit prescribed CSR, and amount spent on CSR of company-wise have been tabulated and analyzed usingdescriptive statistics and ANOVA. The study has been found that GAIL has maintained consistency in the amountspent for CSR, while the other selected Maharatna companies showing high variance during the period of study.Amongst these five, PGC has shown a tremendous increasing trend while the rest are showing decline orfluctuation in the amount spent on social and environmental wellbeing. This study also found that excess amountover and above mandatory requirement has been spent by SAIL, GAIL, and NTPC while BHEL and PGC show deficitin the amount spent which shows that still, these two companies haven’t spent full amount as per Companies Actfor CSR.