Question

Changing scenario of csr after globalisation in india

Answer 1

Social responsibility is the core stand of the Indian culture. Corporate have Social Responsibility (CSR) targets to help to improve society living. CSR referring to way that businesses are managed to bring about an overall positive impact on the communities, cultures, societies and environments in which they are operate. A business doesn't exist in isolation simply as a way of making money. Customers, Suppliers and local Community are all affected by business. Corporate Social Responsibility takes all this into account and helps the business to create and maintain effective relationship with your stakeholders. Much has been done in recent years to make Indian Entrepreneurs aware of social responsibility as CSR is an important segment of their business activity but CSR in India has yet to receive widespread recognition. Corporate Social Responsibility (CSR) is a form of social obligation a Company towards society at large. The Indian government has been trying to make it mandatory for companies to spend at least 2% of net profits on CSR. In India, though the corporate understand their accountability towards the society and are willing to take initiatives for the betterment, it becomes difficult for them to reach the grassroots level. Corporate Social Responsibility Practices in India sets a realistic agenda of grassroots development through alliances and partnerships with sustainable development approaches. Here researcher is to study the Corporate social responsibility is must be essential and useful to current scenarios in IT business sector with special reference to Infosys.