Introduce the issue and mention government’s plan of penalizing corporates for not doing their part of CSR 2.
Mention the provisions of Companies Act that mandate CSR 3. Discuss for and against the idea of mandating it – through punishments 5.
Promotes Socio-Economic Development: If the company is engaged in CSR programs it attracts foreign investment and helps the country to get valuable foreign exchange.
This in turn leads to socio-economic developmental activities.
What are the benefits of CSR: Corporate Social Responsibility links Corporate Sector to Social Sector Promote Relationship: It enhances the “social quotient” of the company hence help in getting appeal for its product from people.
Ex Lifeboy soap success story It imparts an ethical, responsible character to company’s profile, helps it to justify its product, growth and create a distinct aura of company in public sphere. Competitive advantage: Businesses that show how they are more socially responsible than their competitors tend to stand out. 1 towards social welfare gained appeal over other brands.
o Engages Corporates in the Development process: Involving corporate sector is an effective way to provide services, especially in India where massive development work is required to reach acceptable living standards.
Recording Device (AOBRD) that meets the definition of an AOBRD in 49 CFR 395.15.
An AOBRD may be used until December 16, 2019, so long as the AOBRD was installed and in use prior to December 17, 2017.
Give a personal opinion Answer: Corporate Social Responsibility (CSR) can be referred to as the corporate initiative to assess and take responsibility for the company’s effects on the environment and impact on social welfare.
India became the first country to make CSR spending mandatory through a law, i.e.