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
Section 135 of Companies Act 2013 mandates certain categories of companies: Net profit > 5 Cr, Net worth > 500 Cr, Turnover > 1000 crore to contribute 2% of net profit towards social welfare. CSR - business led development solution: 1) mobilise funds to support welfare - Eg Tata Trust -> hospitals for CSR initiative cancer patient. 2) expand development reach - Eg ITC funding expansion of schools in rural areas in remote regions.
3Promoting climate resilience - Eg 'Infosys' investing in expanding solar grids to facilitate energy transition. 4) Collaborating with GoI to implement welfare policies - Eg WIPRO partnering with GoI to implement Swach Bharat mission - building toilets. 5) Supporting & collaborating with civil society for last mile service delivery - Eg Reliance partnering with SEWA to foster digital inclusion among rural women.
137 words1 paragraphs
Conclusion
Through transparent funding and inclusive delivery, corporates are emerging as stewards of welfare.
13 words
Topper
Saurabh Sharma
AIR 146
Subject & Paper
GS2GS2
Topic
Government Policies and Interventions - Design, Implementation and Issues
Government Schemes and Policies
Corporate Social Responsibility
Writing Stats
150
Total words
1
Paragraphs
analytical
Tone