How is Corporate Social Responsibility (CSR) emerging as a business-led solution for addressing development challenges in India? (Answer in 150 words)

CSR involves integration of social concerns into business operations by corporate sector

Solution for development challenges:

(E.g) TATA: education of tribals

(E.g) VEDANTA: Re-use of sewage water in plants

(E.g) Pushpak Patraval Foundation: mid-day meal scheme

(E) Addressing challenge of poverty in rural areas

(E.g) Mission Ghats by HUL

Challenges with CSR:

Way Forward:

"Business must move beyond serving narrow interests to serving their own communities"

Such public consultations promote participatory governance

Positive impacts:

(E.g) People Plan campaigns => usefuls

(E.g) Social Audits

(E.g) Public hearing in EIA process

Challenges:

They are crucial to promote ethical & transparent governance