Corporate Social Responsibility in Times of Economic Slowdown: Contribution and Trends by Corporate India
Keywords:
Corporate Social Responsibility, Companies Act, 2013, Social Responsibility?Abstract
Ever since the mandate that companies must adhere to some basic norms of corporate social responsibility (CSR), organizations have become conscious to the idea of giving back to society wealth both tangible and intangible. With the passage of Companies Act, 2013 there has been a force of legislation and law for every company to contribute. This should actually help increase the spending of company on development initiatives. We try to look at the secondary data to analyze how much corporate has been spending to provide impetus to the act in letter and spirit. The purpose of this paper is to analyses the spending patterns of companies within the public and private domains and also decipher the spending across sectors especially during the economic slowdown.
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