Question 5GS2GS2
How is Corporate Social Responsibility (CSR) emerging as a business-led solution for addressing development challenges in India? (Answer in 150 words)
Main Body
Corporate Social Responsibility is provided in Section 135 of Companies Act, 2013 ⇒ It lays a provision of 2% of average net profit by corporates for socio-economic development. # CSR Addressing development challenges in India 1) Increased Expenditure on Health eg. Tata Memorial Hospitals provide affordable services to poor. 2). Climate Solutions eg. Adani Ltd.CSR for Green Energy solutions in rural areas. 3) Educational Improvement eg. Reliance Foundationscholarships
4Balanced development Inclusivity of rural and urban areas 5) Water Needs eg. Water harvesting structures in rural areas by Hindustan Unilever. 6) Fills the Governance Gap Complements the schemes and programme of government eg. "Beti Bachao, Beti Padhao" Certain Limitations: 1) Lack of Proper Enforcement law followed only in letter not in spirit. 2) Economic Survey (2023) highlights lack of commitment on the part of corporate to fulfill responsibility. Corporate must be guided by "Compassionate Capitalism" to fulfill CSR.
152 words1 paragraphs
Conclusion
Corporate must be guided by 'Compassionate Capitalism' to fulfill CSR.
10 words
Topper
Rasneet Kaur
AIR 51
Subject & Paper
GS2GS2
Topic
Welfare Schemes for Vulnerable Sections - Performance, Mechanisms, Laws and Institutions
Corporate Social Responsibility
CSR as Development Solution
Writing Stats
162
Total words
1
Paragraphs
analytical
Tone