Government Policies Serving As A Platform For Corporate Social Responsibility

Research Article
Ashutosh Pandey
DOI: 
xxx-xxxxx-xxxx
Subject: 
science
KeyWords: 
Corporate Social Responsibility (CSR), Companies Act 2013, Corporate Government Partnership, Socio-economic development.
Abstract: 

The aim of this paper is to explore the possibility of Government policies serving as a platform for corporate social responsibility. With the amendment in the Companies Act in 2013 it has become necessary for the companies to constitute a committee for mobilisation of funds under CSR. Since this amendment some of the government schemes of socio economic development clearly identifies CSR as an important source of resource mobilisation for the successful implementation of the scheme. As in the extant literature there is not even a single study on the possibility of Government policies serving as a platform for corporate social responsibility, this study, thus fills the gap in literature by studying the role CSR has played in some of the flagship schemes of socio-economic development by the government of India. This study is based on a web based analysis of various schemes and the digital reports published by various stakeholders. The case studies have been included which shows the current trends in the corporate government partnership under the banner of Corporate Social Responsibility (CSR).The corporate sector has also realised that the government policies could serve as platform for the CSR activities as they have reciprocated with the launch of socio economic development polices similar to that of the government. This is totally a new trend that Indian economy has shown. The government should design the policies of socio economic development keeping in mind the role that CSR could play in its successful implementation.