It
is matter of prime interest that the companies go ahead and comply with
Corporate Social Responsibility (CSR) and thereby spend 2% of their three year
average on such activities.
A
management concept whereby companies integrate social and environmental
concerns in their business operations and interactions with their stakeholders.
CSR
is a way in which companies achieve a balance of economic, environmental and
social imperatives. CSR in India was an activity that was performed but
not deliberated.
In
order to streamline the philanthropic activities and ensure more accountability
and transparency, the government of India made it mandatory for companies
to undertake CSR activities.
Not
only it is a social responsibility, it helps the Corporates to part with a part
of the profit and thereby reduce the taxable income.
-Afternoon
Voice
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