Understanding the corporate social responsibility enigma: what businessmen owe to inclusive growth

Nanjunda (2015) Understanding the corporate social responsibility enigma: what businessmen owe to inclusive growth. Journal of Media and Social Development, 3 (4). pp. 98-109. ISSN 2320-8244

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Abstract

Corporate Social Responsibility (CSR) has wide implications for thedevelopment of a country. It reduces dependency on the governmentfor social expenditure and helps speedy inclusive growth. The scale ofCSR emerged significantly in the last decade in India. Since businesshouses do business in society, it is their obligation to share small portionof the profit for betterment of society. To relate fundamental businessphilosophy to make CSR sharper, smarter, and focused is what reallymatters. However, critics are emerging on the recent Government billon CSR which makes it mandatory on the part of the companies tospend small portion of their profit for social causes. Some of the Indiancorporate giants like Infosys, WIPRO and TATA, have become a kindof role model in CSR activities in India. Some of them have really donewonders in the selected social sectors which help speedy inclusivegrowth. Also some reputed companies are spending more than 15-20%of their profit for social service! Though various Indian organisationsare involved in CSR activities; it is not enough when compared to theiractual financial capacity. In addition, companies have institutionaland other problems in having CSR policies. Further, some companiesare doing CSR activities to escape from the different taxes to be remitted to the Government. Against this backdrop, this paper is to discus therole of CSR for rapid inclusive growth of the country.

Item Type:	Article
Uncontrolled Keywords:	Corporate Social Responsibility, Inclusive growth, SocialExpenditure, Business
Subjects:	A Arts and Humanities > IDS
Divisions:	Department of > Urban & Regional Planning
Depositing User:	Dr Raju C
Date Deposited:	06 Mar 2021 11:38
Last Modified:	06 Mar 2021 11:38
URI:	http://eprints.uni-mysore.ac.in/id/eprint/15759

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