Question 5GS2GS2
How is Corporate Social Responsibility (CSR) emerging as a business-led solution for addressing development challenges in India? (Answer in 150 words)
Main Body
Section 135 of Companies Act 2013 mandates certain categories of companies: Net profit > 5 Cr, Net worth > 500 Cr, Turnover > 1000 crore to contribute 2% of net profit towards social welfare. CSR - business led development solution: 1) mobilise funds to support welfare - Eg Tata Trust -> hospitals for CSR initiative cancer patient. 2) expand development reach - Eg ITC funding expansion of schools in rural areas in remote regions.
3Promoting climate resilience - Eg 'Infosys' investing in expanding solar grids to facilitate energy transition. 4) Collaborating with GoI to implement welfare policies - Eg WIPRO partnering with GoI to implement Swach Bharat mission - building toilets. 5) Supporting & collaborating with civil society for last mile service delivery - Eg Reliance partnering with SEWA to foster digital inclusion among rural women.
— Saurabh Sharma · AIR 146
137 words1 paragraphs
Conclusion
Through transparent funding and inclusive delivery, corporates are emerging as stewards of welfare.
13 words
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Topper
Saurabh Sharma
AIR 146
Subject & Paper
GS2GS2
Topic
Government Policies and Interventions - Design, Implementation and Issues
Government Schemes and Policies
Corporate Social Responsibility
Writing Stats
150
Total words
1
Paragraphs
analytical
Tone