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Traditionally, Corporate Social Responsibility (CSR) has been widely practiced by Indian corporates - taking the form of philanthropic activities. The new CSR legislation under section 135 of the Companies Act 2013 requires companies of a certain size to spend 2% of their net profit [8] on activities as prescribed under schedule VII, which are ...
Unlike global definitions of CSR in the triple bottom line, corporate citizenship, sustainable business, business responsibility, and closed-loop realm, in India, CSR is a philanthropic activity. What has changed since formalizing it in 2014 is the shift in focus from institution building (schools, hospitals, etc.) to focus on community ...
Reliance Foundation received India CSR Award 2016 for Water Conservation, Agricultural Development and Best Documentary Film. [ 27 ] Reliance Foundation bagged the prestigious Porter Prize 2015 for its "outstanding contribution to the society to meet the basic human needs, establishing blocks that allow communities to sustain quality of life ...
Corporate social responsibility may cover: A company running its business responsibly in relation to internal stakeholders ( shareholders , employees , customers and suppliers) The role of business in relation to the state (locally and nationally) as well as to inter-state institutions or standards
CSR 97.4FM, a radio station in Canterbury, UK; CSR Racing, a 2012 drag racing game for mobile platforms; CSR (group), a South Korean girl group; Team 18, an Australian V8 Supercar team; C Sports Racer, a class of racing cars; Cab Secure Radio, a radio telephone system used on UK railways; C. S. R. Anjaneyulu (1907–1963), an Indian actor
In December 2020, the Indian Express reported that a total of 101 public sector units had transferred ₹ 2,400 crore (equivalent to ₹ 28 billion or US$330 million in 2023) from their corporate social responsibility funds, and a total of ₹ 155 crore (equivalent to ₹ 182 crore or US$21 million in 2023) from staff salaries, to the PM CARES ...
Some critics argue that corporate social responsibility (CSR) distracts from the fundamental economic role of businesses; others argue that it is nothing more than superficial window-dressing, such as "greenwashing"; [28] others argue that it is an attempt to pre-empt the role of governments as a watchdog over powerful corporations. A ...
Birlasoft is an Indian multinational information technology services and consulting company, founded in 1990 and headquartered in Pune, India. It is a part of the CK Birla Group. [3] It operates across a variety of sectors, including manufacturing, life sciences, energy, utilities, banking, financial services, and insurance. [3]