Corporate Social Responsibility in India: Concerns and Difficulties

It's true that "It's simple to evade our obligations, but we can't dodge the consequences." Josiah Charles Stamp, 1880-1941, Bank of England director. Businesses must be conscious of what and how they do things in this digitalized environment. The company's brand depends on its influence on society, the environment, and the economy, not just product quality. Social responsibility gives them an edge in a congested market. CSR integrates commercial and social goals. The company prioritizes People, Earth, and Profit while meeting stakeholder expectations. Equal opportunity, poverty reduction, basic rights, and robust human development motivate most policy measures in the country. Our choices now will impact future generations. Inequality persists. This year, India introduced new CSR standards. Indian enterprises must spend 2% of net earnings on CSR under these standards. India was the first to mandate CSR. The CSR obligation under Companies Act, 2013 is an excellent way to involve the corporate sector in fair development. Companies have to spend 2% of profits on CSR and justify their failure to do so. Nevertheless, the current amendment requires corporations to spend 2% of revenues on CSR within a certain timeframe or donate this amount to government-run entities. The proposed amendment will force CSR-qualified enterprises to spend the stipulated portion of their income on CSR without fail. This article examines CSR issues in India and the variables that drive CSR efforts in Indian companies