Corporate Social Responsibility: An Analysis of Impact and Challenges in India
Keywords:Corporate Social Responsibility, Charity, CSR, Companies act, 2013
India has a long tradition in the field of corporate social responsibility and industrial welfare has been put topractice since late 1800s. Historically, the philanthropy of business people in India has resembled westernphilanthropy in being rooted in religious belief. Business practices in the 1900s that could be termed sociallyresponsible took different forms: philanthropic donations to charity, service to the community, enhancingemployee welfare and promoting religious conduct. The concept of CSR has evolved from being regarded asdetrimental to a company’s profitability, to being considered as somehow benefiting the company as a whole, atleast in the long run.This paper tries to analyze the CSR status in India, and focuses on the finding & reviewing of the issuesandchallenges faced by CSR activities in India.Keywords: Corporate Social Responsibility; Charity; CSR; Companies act, 2013
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