CORPORATE SOCIAL RESPONSIBILITY IN THE WAKE OF COMPANIES ACT 2013: CONCEPTUAL ANALYSIS
Journal Title: International Journal of Research in Social Sciences - Year 2017, Vol 7, Issue 11
Abstract
The Concept of CSR in India is not new, but the term may be. The Process through acclaimed recently. It has been followed since ancient times informally. Philosophers likes, Kautilya and Gandhi (Ethical Model) From India preached and promoted ethical principles while doing business. During last century, CSR has moved quite a far from religious/Philanthropy to a strategy. After the Companies Act 2013, Companies have now Started reporting their CSR activities in their annual reports along with financial results, not because it has become mandatory for corporates to ensure that they spends, in any financial year, at least 2% of the average net profit, made during their immediate preceding financial years but because they have understood it well that, financial performance is entwined with good social and environment performance. This initiative is going to have two fold effects viz. , it will pay attention to various social sectors and activities including education, health, hunger poverty, gender equality and women empowerment etc. Especially in remote and under developed areas and secondly, it will ensure compulsory contribution of corporate to the society.
Authors and Affiliations
Asra Sultana
Social study the KhapPanchayats of Haryana: A Survey (as per the data received)
Haryana contributes as much to the developing economy like India as Punjab. Since its bifurcation from Punjab in 1966, the state of Haryana has been playing a part in the growth of the country. Apart from being the eco...
INTERNATIONAL CRIMINAL COURT AND INTERNATIONAL LAW
When one is wrong, the justice and the punishments are given by the country. But when the Country and its Government’s are corrupt and involved in a wrong doing, Who or What will come to the aid of the country’s citize...
Status of Higher Education in Rural Colleges of District Ludhiana
Higher Education is a very important sector for the growth and development of human resource which can take responsibility for social, economic and scientific development of the country. Indian higher education system...
BUYING BEHAVIOUR ON MOBILE PHONES AMONG RURAL CONSUMERS WITH SPECIAL REFERENCE TO SALEM DISTRICT
Consumer Behaviour includes the study what they buy, when they buy it, when they buy it, where they buy it, how often they buy it and how often they use it. Consumer Buying Behaviour refers to the buying behaviour of t...
CHILDREN OUT OF SCHOOLS: STATUS OF TRIBAL CHILDREN IN MADHYA PRADESH
Dropout is a serious threat that troubles the primary education system in India. The issue has been studied in India and other developing countries over the past 65 years. School dropouts arise from an accumulation of...