Corporate Social Responsibility (CSR): Issues and Challenges

Abstract

The importance of CSR emerged significantly in the last decade. Over the time CSR expanded to include both economic and social interests. Along with this it also broadened to cover economic as well as social interests. Emerging economies like India have also witnessed a number of firms actively engaged in CSR activities, and the Ministry of Corporate Affairs has come up with voluntary guidelines for firms to follow. Companies in India have quite been proactive in taking up CSR initiatives and integrating them in their business processes. This paper is an attempt to understand the present scenario of CSR in India and also present the concerned issues and challenges of CSR, and providing the suggestion for accelerating the CSR.