Corporate social responsibility and inclusive development in India: A comparative study of Maharashtra and Bihar
By: Raza, Ahmed
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Material type: 
BookPublisher: Bihar Journal of Public Administration Description: 21(2), Jul-Dec, 2024: p.796-802.Subject(s): Corporate social responsibility, Maharashtra, Inclusive development, Policies, Economic growth
In:
Bihar Journal of Public AdministrationSummary: For the last ten years, the companies have been spending more than 2% of their net profits on corporate social responsibility (CSR). However, it has been observed in India that the amount spent is concentrated in a few states, whereas the states that need more attention for development are not focused. In 2021–22, India has witnessed a transformative phase in CSR expenditure as Maharashtra, Gujarat, Karnataka, and Tamil Nadu could take remarkable strides in driving social change and welfare through their diverse CSR initiatives. These states have touched countless lives, fostering inclusivity, sustainable development, and empowerment. On the other hand, other states like Bihar, Orissa, and Jharkhand could not benefit from the CSR initiatives as other states did. The way CSR in India is managed leads to anomalies in inclusive development. This is a major contradiction of the intent behind the law. These loopholes need to be plugged in order to make the CSR legislation successful and to better utilize CSR funds for the social and economic development of the country. This paper looks at several aspects of CSR’s initiatives and the issues associated with regional disparities in India. This paper did a comparative study between Maharashtra and Bihar by exploring their CSR status and the reasons responsible for their high and low CSR position, respectively. – Reproduced
http://www.iipabiharbranch.org/upload/BJPA%20Vol%20XXI%20No.%202%20Jul-Dec%202024.pdf
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 21(2), Jul-Dec, 2024: p.796-802 | Available | AR135426 |
For the last ten years, the companies have been spending more than 2% of their net profits on corporate social responsibility (CSR). However, it has been observed in India that the amount spent is concentrated in a few states, whereas the states that need more attention for development are not focused. In 2021–22, India has witnessed a transformative phase in CSR expenditure as Maharashtra, Gujarat, Karnataka, and Tamil Nadu could take remarkable strides in driving social change and welfare through their diverse CSR initiatives. These states have touched countless lives, fostering inclusivity, sustainable development, and empowerment. On the other hand, other states like Bihar, Orissa, and Jharkhand could not benefit from the CSR initiatives as other states did. The way CSR in India is managed leads to anomalies in inclusive development. This is a major contradiction of the intent behind the law. These loopholes need to be plugged in order to make the CSR legislation successful and to better utilize CSR funds for the social and economic development of the country. This paper looks at several aspects of CSR’s initiatives and the issues associated with regional disparities in India. This paper did a comparative study between Maharashtra and Bihar by exploring their CSR status and the reasons responsible for their high and low CSR position, respectively. – Reproduced
http://www.iipabiharbranch.org/upload/BJPA%20Vol%20XXI%20No.%202%20Jul-Dec%202024.pdf
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