Subhash Chandra Show: The CSR Episode

0
114

CSR_LogoIndiaCSR News Network

The philosophy of philanthropy might be an old one in Indian society, but in the modern world, the concept has taken on several hues. Many companies today run social endeavours called Corporate Social Responsibility (CSR).

But has CSR reduced to a mere marketing activity these days? That’s the question one of the episodes of ‘The Dr. Subhash Chandra Show explores. Do companies use CSR just to be seen as doing good, or do they actually make an effort to make a difference’? 

The Companies Act, 2013 states that it is mandatory for any corporation having a net worth of over Rs 500 crore, a turnover of over Rs 1,000 crore or a net profit of Rs five crore or more to spend at least 2% of its average net profits over the three years on CSR activities.

However, CSR should be more than just clicking a few ‘feel good’ pictures and uploading them on social media. “It is more important to become a good corporate citizen before you get into CSR activities,” Dr Chandra said.

subhash-chandraThere are several sectors in India, like education or health, where government intervention alone is not enough and hence CSR must be encouraged.

However, these initiatives must not be hypocritical. “CSR is hypocritical if it is not solving a real issue or problem which exists in society,” Dr Chandra said. Having adequate audit systems in place that monitor whether the money being allotted is being properly utilized is also important.

Watch This Episode :CSR has become Marketing Tool?

(IndiaCSR is renowned and No.1 news portal in the domain of CSR, which is live since 2009. www.indiacsr.in is for you and your organization. IndiaCSR believes in uninterrupted generation and flow of information. We also believe in values and extending value based descriptions. IndiaCSR is mirroring what is happening around in the contemporary environment. We request you to support the initiative and promote it within your network. We welcome reactions to the stories, comments on issues that interest you, feedback & comments from your side to make it more purposeful and resourceful. Please send us your organization’s news, press releases, articles and contributions to editor@indiacsr.in. You can find updates at Facebook IndiaCSR News)

Comments

comments

SHARE
Previous articleDigital India: Ratan Tata Partners with Google and Intel For Educating Women
Next articleSebi and Stock Exchanges Lists 75 Companies For Account Re-Statement
India CSR Network
India CSR Network is India's biggest and most trusted news portal in the domain of CSR & Sustainability. India CSR welcomes stories, statements, updates, reports on issues that interest you. Feedback, comments will make it more purposeful and resourceful. It is designed and maintained by India CSR Group. Contents are non-fiction. Though all efforts have been made to verify the accuracy, the same should not be construed as a statement of law or used for any legal purposes. In case of any ambiguity or doubts, readers are advised to verify with the source(s). Statement, articles, views and contributions can be sent to editor@indiacsr.in