CSR Initiatives, Necessities of Moral Practices, and Religious Influence on Corporate Citizenship in India

Abstract

Stakeholders and corporations are consciously motivated by their religious beliefs for CSR activities, but they must respect the different interests of minority groups and should participate in those CSR activities which are not driven by religious considerations. The very object of CSR will be defeated if there is no inclusion of secular idea in the efforts of social development.

Presently in India corporations are required to invest 2% of average net profits in CSR as a compulsory activity who have net worth of 500 crore or more, turnover of 1000 crore or more and net profit of 5 crore or more.

But it is not only the law that requires the corporations to invest for CSR in India. As often argued- Corporates do not exist independently, it is the nexus of contract between different directors, shareholders, customers vendors that make the corporate bodies operative.

The essay will be concluded by arguing that the secularism in CSR is one thing which must exist directly at the heart of social development model in India to protect the minority group interest.

Keywords: CSR, Corporate Social Responsibility, Religion, Corporations and their charity, Indian and CSR