Volume 06 Issue 12 December 2023
1Dr. Avtar Singh, 2Oshank Singh
1Professor, Department of Social Work, Dr B.R.Ambedkar College, DU
2Finance Trainee, NLR-India
DOI : https://doi.org/10.47191/ijsshr/v6-i12-13Google Scholar Download Pdf
ABSTRACT
This article delves into Corporate Social Responsibility (CSR) and its significance, drawing upon existing theoretical and empirical literature. It explores the contextual and highly debated relationship between profitability and morality, focusing on India's cultural diversity and its social development challenges. CSR and Sustainable Development Goals (SDGs) have been localised to address these challenges. The article analyses the potential implications of mandated CSR under India's recently enacted Companies Act of 2022 on firm incentives, likely responses of corporations within the ambit of the law, and the implications of resource availability and delivery of social good. The success of addressing these implementation challenges will determine how far the objective of the new regulation is met. Ultimately, this paper studies the interface between CSR and social development, emphasising the importance of both in promoting sustainable growth.
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