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VOL. 3, ISSUE 1 (2018)
Various phases of corporate social responsibility in India
Authors
Anil Ghanghas
Abstract
In today’s time corporations are seen as critical components of the social system. They are accountable to their shareholders for revenue and profit and stakeholders for environmental and social causes. Corporate social responsibility (CSR) and sustainable development is being adopted by organizations worldwide as customers, employees, and public stakeholders are having increasing expectations for organizations to act in sustainable and responsible. Media especially internet is paying great deal of attention to such activities and public scrutiny of these activities is rising. Moreover, all over the world environmental regulations are increasing. Hence, companies are forced to have performance targets, measurement systems, and reporting systems for CSR and sustainable development. CSR is a centuries old tradition in India as wealthy landlords have been using it as donation to temples, food to poor during crisis and other ways since very long time. Presently, scenario has changed and wealthy organisations have to invest a certain amount in CSR according to Companies Act, 2013.
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Pages:861-863
How to cite this article:
Anil Ghanghas "Various phases of corporate social responsibility in India". International Journal of Academic Research and Development, Vol 3, Issue 1, 2018, Pages 861-863
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