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Corporate Social Responsibility practices in India
* Vivek Srivastava
***Shivdeep Singh
Introduction: - Today, businesses are expected to extend their attention beyond stockholders, customers and employees to include other stakeholders such as the community and environment. The concept of corporate social responsibility (CSR) emerged expectations and consists of transparent organizational management; careful consideration of the global environment, human rights, employment and in particular, compliance with ordinances, regulations, and laws.CSR can lead to more sustainable corporations by encouraging good relationships with society. it is not easy for all to achieve the required level of CSR. Establishing CSR is not a simple task, nor is it free from risks and problems. CSR requires support not only from shareholders and investors but also from customers, employees, and communities. Salman Khurshid, Minister of state for corporate Affairs, Government of India, made his standpoint on CSR very clear. Mr.Khurshid said that CSR should be quantifiable like carbon credits as corporate cannot behave irresponsibly in social responsibility and should act in, “enlightened self interest”. The ministry review of CSR projects to ensure that the funds are used in the genuine progress of society. CSR projects include encouragement of literacy and higher education ,grant of scholarship and aid to deserving young pupils of less privileged sections of society ,facilities for constructing schools, renovation of school buildings and other infrastructure .Besides ,the company also pays out for healthcare and family welfare development .The emphasis is also on development of infrastructure facilities –improvement of roads ,bridges ,street lighting ,draining system and progress of agriculture and cottage industries.

Meaning of CSR: - Corporate social responsibility…...

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