Corporate Social Responsibility in India: Issues and Challenges

The purpose of this article is to provide a broad summary of the value propositions evident in the research on the business case for Corporate Social Responsibility (CSR). Over a last 30 to 40 years, there has been a stable increase in information produced by small and large organizational set ups in relation to their social and environmental impacts. It is very well understood by organizations that govt. alone will not be able to succeed in its endeavor to uplift the downtrodden society for further compulsion of Corporate Social Responsibility (CSR) has filtered the myth that the ultimate goal is not profit making, rather trust building an assert able with societal relationship and only long term survival mantra for any organization. We would try to light on (CSR) of Indian organizations which would be helpful for both economic and social interest. This article is based on the secondary data and focuses on the findings & reviewing of the issues and challenges faced by Indian organizations with respect to Corporate Social Responsibility (CSR).Stockholders demand that corporate operations be managed efficiently and that improved market value reward their investments. Companies Act 2013, brought an end to the long run discussion on CSR practices by the corporates.The journey of CSR as a corporate responsibility has two broad perspectives, pre Companies Act 2013 and post Companies Act 2013. CSR policy is still in a nascent stage and faces number of challenges. The Union Budget 2015 clarified that any expenditure on the Swatch Bharat Abhiyan is to be claimed as deduction u/s 80 G and not under CSR. Thus, Indian law on CSR still awaits clarification on many areas wherein claiming deduction u/s 80, exemptions from tax and treating it as CSR all are in existence.