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The New Mandated Corporate Social Responsibility Opportunities

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  • S. Chellaiah

Abstract

India is the only country to have enacted a law making it mandatory for companies of certain net worth or turnover or net profit, to spend a fixed percentage of their profit on corporate social responsibility (CSR) related activities. This law has become effective this fiscal year beginning 1 April 2014. Estimates reveal that the annual spend on this category will be to the tune of 12,000 – 18,000 crores. This is a large amount and will become an industry in itself. There are many consulting companies coming up to advise and assist organizations in complying with the regulations. This paper examines the opportunities created by this law for companies involved directly and indirectly in these activities.

Suggested Citation

  • S. Chellaiah, 2014. "The New Mandated Corporate Social Responsibility Opportunities," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 4(10), pages 442-448, October.
    • Handle: RePEc:hur:ijarbs:v:4:y:2014:i:10:p:442-448
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    More about this item

    Keywords

    CSR; CSR law; CSR opportunities; Mandated CSR; CSR in India;
    All these keywords.

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • Z00 - Other Special Topics - - General - - - General

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