Key points are not available for this paper at this time.
According to the New Company Law of 2012, all companies are required to allocate 2% of their net profits to Corporate Social Responsibility (CSR). This regulation has prompted Indian companies to actively engage in CSR, as certain categories of companies must invest a portion of their earnings in CSR initiatives. As businesses operate within society and utilize various resources provided by it, it is essential for them to give back to the community. CSR has become a core business practice and has attracted significant attention from the management of large multinational corporations. It helps align business activities with social values and serves as a focal point for various initiatives aimed at promoting the socioeconomic development of communities. Today, Indian corporations are moving beyond mere philanthropy and are focusing more on the interests of all stakeholders. This research paper aims to analyze the CSR practices of companies operating in India. It will assist researchers and scholars in identifying effective CSR strategies and exploring what is most beneficial for India and its CSR needs. Additionally, the paper seeks to highlight the shortcomings of companies in meeting societal expectations and offers suggestions for enhancing CSR practices to better serve both society and the nation.
Swaty (Mon,) studied this question.