Corporate social responsibility: A need of every developing and developed country

Pages: 1169-1170
Ajay Singh (Department of Commerce, Chaudhary Bansi Lal University, Bhiwani, Haryana)

We are living in 21st century where exploitation of society resources for satisfaction of current generation needs going at a heavy rate. Corporate organizations use the resources of our society extensively for their benefit. For a long time, many organizations engaged in getting profit by using the resources of the society. These organizations are significantly harming the health of the people. Everyone can understand the hazardous climate changes due to pollution generated by corporate organizational activities. For sustainable development there is necessity to preserve this environment for the future generation. There should be optimum utilization of resources and corporate world should understand its responsibility. Though, corporate organizations have provided apparent monitory support to the society for its betterment. These organizations using the resources of the society, they must take this in consideration with regards to resources these should be utilized optimally. There are many activities stated by the central government on which these organizations can spend their earning which will be considered activities for the social welfare. Although in other developed countries there are special provisions from a long time but now in India also there are certain guidelines were issued towards corporate social responsibilities (CSRs). Present paper will present basis of assignment of corporate social responsibilities in India and activities where organizations can spend for their Corporate Social Responsibility.