Global Journal of Commerce & Management Perspective
Open Access

Abstract

Corporate Social Responsibility: A Study on Initiatives Taken by Selected Indian Companies

Debanga Mukherjee

Key objective of companies is to earn profit and to fulfill this objective companies use the society in different ways. So it is their ethical duty to participate in the development of society, where they belong. Companies have realized that, to get strategic benefits and ensure continuation of business, they have to focus on public welfare and reduce social inequalities. Thus they have to be more concern about society and common people. CSR is a means to corporate houses to work for society and create value for stakeholders. J.R.D. Tata rightly said that, “No success or achievement in material terms is worthwhile unless it serves the needs or interests of the country and its people.” The aim of this paper is to see the CSR initiatives taken by selected Indian companies and whether the companies are compliance with the Companies Act. 2013, regarding amount spend for CSR purpose.