Corporate Social Responsibility in India- Issues and Challenges

Abstract

Corporate social responsibility is a means to achieve sustainable development of an organization. Corporate can no longer limit themselves in using resources of society and they have to be socially responsible corporate citizens and, must also contribute to the social good. Company act,2013 encourage company to spent at least 2% of their average net profit in the previous three years on CSR activities. More and more organizations are showing their commitments towards CSR either for enhancing their corporate image or to be in competition. This paper tries to analyze the CSR status in India, and focuses on the finding & reviewing of the issues and challenges faced by CSR activities in India. It is found from the study that there is a need of awareness about CSR amongst the general public to make CSR initiative more effective