Responsibility In India Research Articles

Corporate Social Responsibility In India: Exploring The Legal Mandate Under The Companies Act, 2013

Corporate Social Responsibility In India: Exploring The Legal Mandate Under The Companies Act, 2013

Navigating the Intersection of Input Tax Credit Restrictions and Corporate Social Responsibility in India

CSR is an important dimension of ethical and sustainable business practices, recent restrictions in the input tax credit under the GST regime pose important issues in the implementation of CSR. The article estimates the financial, operational, and reputational implications of the restrictions on ITC for the CSRs, calling on firms to adapt and innovate. They are strategies crucial for dealing with challenges concerning financial planning, prioritizing of only those initiatives with the best impact, collaboration, and advocacy can be done. Several strategic approaches can be applied by business to operate with the ITC provision on restrictions for CSR spending such as, enhanced financial planning, collaborative efforts, Innovating on CSR Approaches, Advocacy and Policy Engagement, Stakeholder Engagement and Communication, Business Strategy Integration with CSR, Diversification of Alternative Revenue Streams. Despite constraints in the regulatory environment, the commitment to CSR is very high, and it therefore brings about a positive influence on Indian society and sustainable development. The finding demonstrates that business implementing strategies for navigating ITC restrictions not only mitigate the financial strain due to ITC restrictions but also enhance operational efficacy to maintain competitive edge, improve financial health and strategic position.

Corporate Social Responsibility in India: A Review of Corporate Contributions to Sustainable Development Goals

Corporate Social Responsibility in India: A Review of Corporate Contributions to Sustainable Development Goals

Corporate Social Responsibility in India: An Analysis Based on the Constitution and Theory

Corporate Social Responsibility in India: An Analysis Based on the Constitution and Theory

Socio-Historical Analysis of Corporate Social Responsibility in India with Case Studies

Abstract: Corporate Social Responsibility, as we know it, is a product of a nascent legislation which makes it mandatory, under Section 135 of the Companies Act, 2013, for companies turning a profit over a certain threshold to publish and maintain a CSR report constituted by a Board. This obligation is not merely a statutory one but rather a sociological one, too. While the country develops and upgrades to unfathomable limits, there remains a sizeable population of people who need help and assistance to have their basic constitutional right to a dignified life.

Comprehensive Analysis of Corporate Criminal Liability in India

This research paper examines corporate criminal responsibility in India, examining pertinent laws, challenges, controversies, comparison of Indian practices with those of other countries as well as significant case laws, judgments, and key findings.

The Changing Landscape of Corporate Social Responsibility in India Pre & Post Covid- 19

All beings in the world are directly or indirectly related to society, and the most significant entity is a human being who bears the greatest duty to the society of which he or she is a member. Like human beings, companies are also seen as major contributors among the important segments of business houses since, like other entities, they utilize resources from society for manufacturing while also relying on society for revenue. When the COVID-19 crisis was encountered by society, the pandemic conditions led to an increase in people’s expectations of corporate entities to provide assistance. As the COVID-19 pandemic has proven to be exceptionally critical for the entire world, it has affected major sections of India, and problems have been observed in every aspect, including the physical, mental, economic, social, and so on. In such difficult situations, people started placing high expectations on many corporate entities to provide assistance in any manner they could. Corporate social responsibility (CSR) in India has undergone a remarkable transition as a result of the unprecedented problems posed by the COVID-19 pandemic. The COVID-19 crisis has highlighted the critical role of companies in responding to social needs and special situations. Companies have rapidly shifted their CSR efforts to healthcare, hygiene, and social protection, reflecting a new urgency in contributing to the country's resilience. The objective of this study is to examine various definitions and descriptions of corporate social responsibility (CSR), as well as to describe in detail the evolution of CSR in India, and analyse the shifting of CSR paradigms in India during the pandemic, offering insights into how businesses have adapted their strategies and priorities before and after the pandemic and the analysis of CSR trends during COVID-19 and Immediate challenges posed by the pandemic on CSR activities.

A Review of Corporate Social Responsibility in India

A Review of Corporate Social Responsibility in India

Human Rights Perspective Of Corporate Social Responsibility In India

We are in the era of globalization and industrialization. Today development of the nation is measured on the basis of industrialization. As the industrial sector contributes 25.92% in our total GDP of the nation which directly influence our economic aspect of the nation. As economic growth and increased national and international business activity cannot be made at the expense of social and hu-man development, corporate respect for human rights becomes of pivotal importance, especially in the India’s context. So, to look after the human rights which are impacted by these corporate different laws have been enacted to control the corporates one of them is Company Act, 2013 which make CSR as le-gal responsibility.

A Critical Study On Environmental Sustainability Under Corporate Social Responsibility In India

A Critical Study On Environmental Sustainability Under Corporate Social Responsibility In India

Corporate Social Responsibility in India: An Examination in the Context of Corporate Governance

Abstract: Corporate Social Responsibility (CSR) has emerged as a significant aspect of corporate behavior globally, driven by ethical concerns, stakeholder expectations, and regulatory mandates. In India, the integration of CSR into corporate governance practices has garnered increasing attention in recent years. This abstract provides an overview of the examination of CSR in India within the framework of corporate governance. This study aims to explore the intricate relationship between CSR and corporate governance in the Indian context. It delves into the evolving landscape of CSR in India, particularly since the enactment of the Companies Act, 2013, which made it mandatory for certain qualifying companies to allocate a portion of their profits towards CSR activities. The analysis encompasses a review of legislative developments, the evolution of CSR reporting, and the role of stakeholders in shaping CSR strategies.

Corporate Governance and Social Responsibility in India: Emerging Trends and Best Practices - An Empirical Study

Corporate governance and social responsibility have emerged as critical components of modern corporate operations, particularly in rising nations such as India. The purpose of this research is to look at developing trends and best practices in corporate governance and social responsibility in India. The research takes an empirical approach, gathering data from a variety of sources such as business reports, surveys, and academic literature. The study's findings indicate that corporate governance and social responsibility practices in India have improved significantly over the last decade. The advent of new legislation and norms, along with increased stakeholder pressure, has compelled businesses to embrace more ethical and sustainable business practices. Yet, there are still issues to be addressed, such as a lack of openness and accountability in certain businesses. The report offers a number of best practices that businesses may implement to enhance their corporate governance and social responsibility practices, such as stakeholder engagement, responsible sourcing, and ethical leadership.

Corporate Social Responsibility in India: Concerns and Difficulties

Corporate Social Responsibility in India: Concerns and Difficulties

Changing CSR practices of corporates – a study of institutionalization of mandated corporate social responsibility in India

PurposeGlobally, corporate social responsibility (CSR) has been a voluntary practice, but faced serious limitations in its institutionalization. Resultantly, India, through the Companies Act, 2013, mandates corporates to change voluntary and ad hoc CSR practices into strategic and systematic projects. This paper aims to explore the changes brought in CSR practices by corporates under the influence of CSR law. The goal is to fill the literature gap on qualitative changes brought in CSR practices by the mandate.Design/methodology/approachThis qualitative study used purposive sampling and conducted in-depth interviews of corporate officials, nongovernmental organization (NGO) officials and academicians. The findings are discussed with the theoretical framework of institutional isomorphism.FindingsThis paper presents changes in CSR practices in six themes: ad hoc to project-mode program designing and planning, stricter due diligence of NGOs, multi-stakeholder implementation of impact-driven projects, strict monitoring mechanisms, higher funding and rigorous reporting. These changes contribute to an understanding of the shift from voluntary to mandatory CSR in India, institutionalized through a mix of normative, coercive and mimetic pressures.Practical implicationsIndian corporates can adopt the systematic practices in their CSR programmatic cycle, as presented in this study. NGOs would gain insights into newer requirements of corporates to design effective collaborations. Future studies can be conducted to describe the extent of institutionalization of CSR practices in India.Originality/valueThis paper creates knowledge for multiple stakeholders of CSR in India and other developing countries by presenting changes brought in CSR practices by a legal mandate in comparison to voluntary CSR.

CSR: analysing shifting paradigm from climate change to global health emergencies

The pandemic that has hit our economy hard has forced corporations to see the coronavirus crisis as an opportunity to rethink corporate social responsibility and its role and purpose in the corporate sector. With corporate social responsibility in place, corporations need to answer how they can give back to the stakeholders and society. The authors are trying to analyse whether corporate social responsibility in India can tackle pandemics and climate change. If not, has it just become a utopian ideology hijacked by the politicians?

Evaluation of enablers of supply chain resilience and responsibility in India during large-scale disruptions: an ISM-ANP approach

Evaluation of enablers of supply chain resilience and responsibility in India during large-scale disruptions: an ISM-ANP approach

Implementing mandatory corporate social responsibility in India: assessing progress made by corporates and NGOs

CSR in India is mandated through Section 135 of the Companies Act (2013), covering the practice and reporting of social responsibility projects. This paper examines India's CSR framework and reports findings on governance, planning, and implementation from a survey of and non-governmental organisations (NGOs). Overall findings reveal several positive aspects and inform us of the challenges that companies and NGOs consider essential. First, an overwhelming majority of companies focused on three investment areas: health, education, and the environment. Second, 88% of companies undertook long-term continuing projects, a positive signal from a social development perspective. Third, 68% reported that their CSR strategy was aligned with their core business strategy. Fourth, a significant majority of the companies have established the required structure for policy development, planning, and periodic monitoring from a governance perspective. Finally, findings on NGOs indicate several elements of preparedness; however, the retention of talented employees is a continual challenge.

Measuring Corporate Social Responsibility in India: A Composite Indicator Model

This article proposes a composite indicator model called CSR index to measure corporate social responsibility practices of Indian companies. The proposed CSR index comprises three dimensions of CSR implementation, stakeholder management and sustainability, which are measured using 39 indicators. Data is collected from annual reports and business responsibility reports for top 100 companies ranked according to market capitalisation in March 2019. The final ranking using the CSR index highlights how Indian companies perform in their CSR practices beyond the legally mandated expenditure recommended by the Companies Act 2013. Robustness analysis shows that the ranking is robust with respect to input factors, data selection and data transformation. Regression modelling of select dimension scores of CSR index with exogenous variables of firm performance such as internal complaint resolution, turnover and profit shows positive correlation. The CSR index helps managers and policy makers to channelise a given company’s efforts at CSR into targeted programmes through resource allocation and monitoring, while comparing its relative performance within and across dimensions and industries.

Corporate Social Responsibility: A Legislative Gateway

India a country of as much diversity as is a hotspot for numerous contradictions. On the one hand, after much hardship, the country has emerged as one of the surging economies and a very important player in the new global order. In contrast, on the other hand, it is still combating issues related to impoverishment, starvation, and rights of undernourished children, societal welfare, and the like. The Indian economy sometimes rides a wave of boon and sometimes that of bane, which is because of an uneven, unseemly distribution of wealth throughout, which only increases social unrest; this uneven development and growth spread across the nation has targeted companies and corporate organizations for their contributions to the society. The scrutiny has only been increasing with the rising awareness of the gaps between the haves and the have-nots, which has further led to an outpouring in society’s expectations from the corporate giants. To this, the government has responded proactively, taking most of the corporate houses in its stride to provide for the society without commercial success and hence developing the nation getting in the way. The concept of Corporate Social Responsibility (CSR), a practice where companies realize profits and fulfill philanthropic, societal expectations, has taken ground since times immemorial only to become mandatory later. In the background of such a premise, CSR has time and again presented itself as a wonderful opportunity, the need of every hour and also as a serious challenge to be overcome, with its implications on almost every sector. Ever since it became a legal mandate in the year 2014, India has been a thriving “hotbed for innovative CSR scenarios,” in the words of D S Rawa, Former Secretary-General of ASSOCHAM. This paper seeks to trace the advent and growth of Corporate Social Responsibility in India through the eyes of the law, having undergone multiple legislative changes ever since the inception of the Companies Act, 2013. The paper also analyses the legislative amendments that are already afoot and awaiting enforcement. The researcher has tried to suggest the best possible ideological way forward in light of these multifarious changes, illuminating CSR’s import and primacy as a practice in the wake of the same.

A Study on Corporate Social Responsibility in India

A Study on Corporate Social Responsibility in India