June 2013
Indian Streams Research Journal;Jun2013, Vol. 3 Issue 5, p1
Academic Journal
The fundamentals of CSR rest on the fact that not only public policy but even corporates should be responsible enough to address social issues. There are many areas where companies have played a key role in addressing issues of education, health, environment and livelihoods through their statements of corporate social responsibility throughout the country. The evolution of corporate social responsibility in India refers to changes over time in India of the cultural norms of corporations' engagement of corporate social responsibility (CSR), with CSR referring to way that businesses are managed to bring about an overall positive impact on the communities, cultures, societies and environments in which they operate. Thus companies should deal with the challenges and issues looked after to a certain extent by the states. The paper attempts to explore Corporate Social Responsibility (CSR) practices particularly in the context of India. It evaluates impacts of CSR actions on the socio-economic development of people. For the purpose, both public and private Indian companies/firms have been selected to study their CSR practices. The methodology of the present study relied on the web-based research and review of print literature. The paper concludes that social responsibility is regarded as an important business issue of Indian companies irrespective of size, sector, and business goal. Therefore, CSR actions have positive impacts not only on development of Indian community but also in their business.


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