How is Corporate Social Responsibility (CSR) emerging as a business-led solution for addressing development challenges in India? (Answer in 150 words)
Introduction
Corporate Social Responsibility CSR under section 3 of Companies Act, 2013 ensures corporate-led solution to socio-economic challenges.
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Main Body
Addressing development challenges in India: 1. Education empowerment eg. Amidy to NFEON Bharat. 2. Health & Well-being eg. Reliance on Cancer, Diabetes. 3. Skill perubahan eg. TATA Shrive initiative. 4. Youth empowerment eg. JSW olympic propaganda. 5. Poverty alleviation eg. SWADES in Maharashtra.
Women empowerment eg. LIC => Bank Female Banking Mitras. Limitations: 1. Sectoral Imbalances - over-promotion of education, health, still development. 2. Regional Imbalances eg. North-East India rejected. 3. Round-tripping to shell NGOs. 4. Concealed Net profits. 5. Lack of outcome-based approach. CSR are trusteeship @ model of Gandhi; for class-cooperation. They must be sincerely & legally followed for & responsible & compassionate capitalism.
Conclusion
CSR are trusteeship @ model of Gandhi; for class-cooperation. They must be sincerely & legally followed for & responsible & compassionate capitalism.
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Diagram
Flowchart showing Limitations with branches: 1) Sectoral Imbalances (over-promotion of education, health, still development), 2) Regional Imbalances (eg. North-East India rejected), 3) Round-tripping to shell NGOs, 4) Concealed Net profits, 5) Lack of outcome-based approach.
Simrandeep Kaur
Government Policies and Interventions - Design, Implementation and Issues
Corporate Social Responsibility
CSR as Development Solution
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Total words
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Paragraphs
analytical
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