What Is Corporate Social Responsibility In Sustainable Development

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Corporate Social Responsibility - A Gateway for Economic Development Abstract Every business enterprise is an integral part of society. It uses the scarce resources of the society to continue and grow. Hence, it is important that no activity of business is injurious to the long run interests of the society. Society and business are complimentary to each other in their goal for sustainable development. Hence, business has a moral responsibility to contribute in enhancing larger social good. The main aim of this research paper is to analyze and understand the role of corporate social responsibility and sustainable development in India. Further, this paper will also analyze the contribution of various Indian organizations for the social upliftment.…show more content…
INTRODUCTION “Earn your crores but understand your wealth is not yours, it belongs to the society"- Mahatma Gandhi Corporate Social Responsibility (CSR) also called corporate Conscience, Corporate Citizenship or Responsible business is a form of corporate self-regulation integrated into a business model. Every person has a responsibility towards the society in which he/she/it lives. So, a Corporate has to undertake such activities and carry out such practices that benefit society. CSR is a commitment to developing policies that integrate responsible practices into daily business operations, and to reporting on progress made towards implementing these practices. Example- Classmate notebook, at the back it is written “for every four classmate notebooks you buy ITC contributes Rs. 1 to its rural development initiative”. It makes us feel proud that our contribution is part of it which sparks us to buy ITC products. Thus helps the company to increase its share value. "Desh hume deta hai sab kuch, hum bhi toh kuch dena sikhe"- Swami Vivekananda 2. OBJECTIVES • To study the role played by corporate social responsibilities in…show more content…
In exercise of the powers conferred under the Companies Act, 2013 the Ministry of Corporate Affairs has now proposed the draft CSR Rules. 6. SOCIAL RESPOSIBILITY UNDERTAKEN BY INDIAN ORGANISATIONS India is the first country in the world to make Corporate Social Responsibility (CSR) mandatory. 6.1. RELIANCE INDUSTRIES LTD. (RIL) • Reliance Industries provides financial and administrative assistance for supplying drinking water to villages in the area where its manufacturing industries are located. • It is also set-up primary health care centers in the local

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