Csr Policy Towards Promoting Societal Benefits: An Analysis on Criticism and Favourable Arguments

Abstract

As all businesses try to inline with laws and regulations on social, environmental and economic objectives set by the legislations and legal institutions, CSR is often understood as involving the private sector commitments and activities those extend beyond this foundation of compliance with laws. In fact the key features of the concept is the way businesses engage or involve the shareholders, employees, customers, suppliers, governments, nongovernmental organizations, international organizations and other into the organization. Corporate Social Responsibility means, giving back to society what it gets from society. Corporate Social Responsibility is about capacity building for sustainable livelihoods. CSR means the obligation of companies to stress on their social, ethical and environmental performance as on their financial performance. After globalization of world economies most of the companies and business firms in India either already have a CSR practices initiatives or are in process of taking the initiatives. The study is to attempt the CSR principles, criticism and favoritism to the society. The results will be the identified by the major CSR initiatives taken up by the companies’ promoting social activities in India.

Keyword:. Technology; Corporate Social Responsibility; Economy; Society.