A Comparative Study of Corporate Social Responsibility Practices in India

Vol-4 | Issue-6 | June 2019 | Published Online: 12 June 2019    PDF ( 343 KB )
Author(s)
Dr Kiran S. Kakade 1

1Assistant Professor, Thakur Institute of Management Studies and Research, Mumbai, Maharashtra (India)

Abstract

Corporate Social Responsibility is a developing and vital piece of an organization’s general system and has a responsibility towards its business entity, stakeholders as well as towards society. Thus every organizational unit must have a responsibility for the upliftment of society, which is broadly considered as Corporate Social Responsibility (CSR). Corporate social obligation is a guarantee to enhance the well - being of a group. It is not philanthropy; however, it is a central business technique of an association. It is a way which strikes a harmony between financial, social and ecological goals. The current research explores the position of Indian companies regarding corporate social responsibility and to study CSR is a part of the fundamental business framework of Indian Companies or not.

Keywords
CSR, Sustainability, Stakeholders, Society, Corporate.
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