Corporate Social Responsibility (CSR)- Review and Institutionalization of CSR

Introduction: The results, analysis, and interpretation of secondary data obtained through the use of compiled data from the Government’s website are presented herein in order to evaluate the CSR contribution towards society and businesses themselves. Indian private multinational corporations' corporate social responsibility in this study also examines government intervention in implementing corporate social responsibility. Methodology: The most effective CSR plans ensure that while organizations comply with legislation, their investments also respect the growth and development of marginalized communities and the environment. CSR should also be sustainable, involving activities that an organization can uphold without negatively affecting its business goals. Organizations in India have been quite sensible in taking up CSR initiatives and integrating them into their business processes. Conclusion: Introduction of CSR Audit and/or Institutionalization of CSR activities is a prospective and suggestive way to promote and regulate the CSR by the MCA. Both the nature of the rivalry and the wave of globalization that has been tearing across markets have significantly changed the corporate environment in recent years.