Self-Induced Versus Structured Corporate Social Responsibility: The Indian Context
- Title
- Self-Induced Versus Structured Corporate Social Responsibility: The Indian Context
- Creator
- Prakash A.; Kumar K.; Khan W.; Siddiquei M.I.
- Description
- Adoption of Corporate Social Responsibility (CSR) ranks among the top priorities of the corporates in contemporary times. It is treated as a core business practice across the corporate globe. In the year 2013, the Ministry of Corporate Affairs, Government of India enacted mandatory CSR rules under the Companies Act, 2013 and imposed statutory obligations on the companies operating in India to implement CSR activities. With this, India became one of the first countries in the world to legislate minimum regulatory spends on CSR practices. This chapter aims to evaluate the response of this legislation since the introduction of mandatory CSR rules in India. It looks into the important trends in corporate social responsibility spending of companies in India and also maps the CSR expenditure with various Sustainable Development Goals (SDGs). This chapter forms a case for deliberation for policymakers, practitioners, scholars and business organization to understand the implications of mandatory CSR as well as how Indian companies have responded to this CSR rule. The findings also provide important insights for the other countries promulgating statutory approaches to implement CSR in their own countries. 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.
- Source
- Ethical Economy, Vol-64, pp. 167-178.
- Date
- 2023-01-01
- Publisher
- Springer Science and Business Media B.V.
- Coverage
- Prakash A., Department of Business Administration, University of Lucknow, Uttar Pradesh, Lucknow, India; Kumar K., School of Business and Management, Christ (Deemed to be University), Uttar Pradesh, Ghaziabad, India; Khan W., Department of Management, Jamia Hamdard, New Delhi, India; Siddiquei M.I., Department of Business Administration, University of the People, Pasadena, CA, United States
- Rights
- Restricted Access
- Relation
- ISSN: 22112707
- Format
- Online
- Language
- English
- Type
- Book chapter
Collection
Citation
Prakash A.; Kumar K.; Khan W.; Siddiquei M.I., “Self-Induced Versus Structured Corporate Social Responsibility: The Indian Context,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 23, 2025, https://archives.christuniversity.in/items/show/18507.