Published Paper Details:

Corporate Social Responsibility is now accepted as a means to achieve sustainable development goal of an organization. The Corporates can no longer limit themselves in using resources of society and they have to be socially responsible corporate citizens and must also contribute to the social good. Today Indian corporate has gone beyond philanthropy concept and give more concentrate on all the stakeholders. All economically motivated behaviors of firms also need to consider their social and environmental impact. With the Companies Act 2013, the Indian government adopted a legislative approach to reconfigure the business-society nexus in form of mandatory CSR activities. Corporate Social Responsibility in India is finally a reality. Indian businesses realized that they have to look not only at the economic dimension of their companies, but also at its ecological and social impact to move towards sustainable development. The present research paper attempts to analyze several such aspects of the new CSR law, Why and how should companies contribute for social welfare and Country�s Economic Development? What are the potential benefits of CSR to companies?