By Nayan Mitra, René Schmidpeter
This e-book presents a complete review of company Social accountability (CSR) in Indian organisations following the 2013 criminal mandate on company spending of earnings for CSR. Bringing jointly authors hailing from different walks of lifestyles, the ebook pursues a 'hands-on' procedure, with real-world case experiences and examples that aid the reader consider the dynamic pulse of India instantly after the ratification of the CSR mandate within the businesses Act, 2013. The Act is anticipated to impact over 16,300 businesses with an envisioned movement of roughly two hundred billion Indian rupees into the economic climate each year, therefore shaking the principles of commercial and society and impacting the rustic at a number of stakeholder degrees. therefore, India is probably going to develop into the birthplace of social, fiscal, and environmental transformation via monetary investments in CSR!
In order to insightfully think about this transition, this e-book has been divided into 3 components. the 1st half provides the CSR mandate and its implications, whereas the second one specializes in its implementation and the 3rd half presents a view at the manner forward.
The e-book is helping to bare a few of the layers of CSR in an rising economic system like India and is predicted to spark debate, dialogue and learn between policy-makers, experts, lecturers, practitioners and different stakeholders internationally, with the intention to additional extend its contribution to CSR literature and open up new vistas in CSR research.
"This is certainly a primary of its sort booklet and marks a watershed within the trip of CSR. it really is an exceptionally very important contribution to the physique of data within the sector of CSR and company Governance in rising economies that's pushed by way of a very diversified set of demanding situations, possibilities and specifications from that of built economies."
Dr. Bhaskar Chatterjee, Director common & CEO, Indian Institute of company Affairs
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This publication offers a entire evaluate of company Social accountability (CSR) in Indian organizations following the 2013 felony mandate on company spending of earnings for CSR. Bringing jointly authors hailing from diversified walks of lifestyles, the ebook pursues a 'hands-on' strategy, with real-world case stories and examples that support the reader think the dynamic pulse of India instantly after the ratification of the CSR mandate within the businesses Act, 2013.
Additional info for Corporate Social Responsibility in India: Cases and Developments After the Legal Mandate
That is the kernel of CSR in India. Those guidelines, I wrote, between November of 2009 and April of 2010. 3 We were trying to find a CSR framework for India, particularly for the Indian Public Sector Enterprises. So, while we were in the process of doing this, it occurred to me to study what typically CSR is represented over many decades not only in India, but across the world and then, the first realization that came to me is: CSR IS A FAILURE! Literally, every nation, every geography or every individual human being has different perception of CSR.
013 euros; as on February 12, 2016) on CSR? That is it? The moment you put a rupee figure, it is differently perceived and contextualized. That is precisely why Corporate India never really came clean and of course, it will now unfold, that it has never been really quantified in rupee term what it has spent. One of the reasons for the opposition of the ‘Chatterjee model’ was precisely this: There was a concept that CSR is about the heart, the mind, the DNA (deoxyribonucleic acid), so what is money – all clad in a shroud of mystery!
What was the genesis of this mandate? How is this CSR model different from other CSR models? What are its unique/novel points? The questions are many. This is an exclusive interview conducted by Ms. M) of Dr. C), the man who was instrumental in incorporating this mandate to outline his logic behind each of its aspects. This paper also probes deeper to know more about this ‘Chatterjee model,’ its uniqueness, its ‘fit’ to the socioeconomic, environmental needs of India and how Dr. Chatterjee overcame various challenges at various times to turn the ‘accident of history’ into the ‘turn of history’!