need full info corporate social responsibility in india?

Question

plz quote with examples of indian corporations

Answer 1

Corporate Social Responsibility (CSR) is a highly misunderstood and misinterpreted term in India. The core of CSR is what a company essentially does in terms of philanthropy or charity in the community in which it operates. This understanding of 'India Inc.' has traditionally been continued, practised and modelled vis-à-vis the evolving global understanding of CSR that takes a larger view of business impacts and helps business achieve a balance or integration of economic, environmental and social imperatives.

Some Indian companies believe that merely complying with laws and regulations fulfills their need for social responsibility. This typical escapist response revolves around the argument that the responsibility to look after society largely remains with governments as companies pay taxes and duties.

The nationalisation of banks and coal mining in the late 1960s and early 1970s in India was done to control unethical business practices of private operators. India adopted many acts and laws to regulate corporate behaviour in order to protect the basic rights, safety and interests of stakeholder groups, mainly of employees, customers, community and environment.

The growing conflicts between companies and communities over the control of land and natural resources are widespread. The Utkal Alumina and Vedanta Resources in Orissa, Tata in Singur and the proposed SEZ in Nandigram in West Bengal are examples of land disputes and farmers' resistance. The empowered group of ministers on SEZs were under tremendous pressure and forced to take a policy decision that the government will not acquire land anymore for businesses. Companies have to directly negotiate with communities for acquisition of land; this is the manifestation of transfer of powers from the government to the community on social licenses to operate business.

The other issues relating to hazards of industrial production, especially after the Bhopal gas tragedy in 1984, are fast catching the attention of civil society organisations in India. Dumping of wastes is going beyond the limits of social and environmental tolerance; civil society organisations such as CorpWatch and Greenpeace are always keeping the business practices of companies under scrutiny. The pesticide issue of cola companies has thrown up a new set of challenges on questions of being environment-friendly and socially responsible.

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Answer 2

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.[1] The fundamentals of CSR rest on the fact that not only public policy but even corporates should be responsible enough to address social issues. Thus companies should deal with the challenges and issues looked after to a certain extent by the states