Published Paper Details:

In the modern era of globalization, it has become a challenge to business houses to keep the stakeholders in fold and keep natural environment safe, as this is the biggest need of time. While we are committed to faster and more inclusive growth, we need to pay attention to the problem of sustainability. No progress can afford to avoid the environmental cost of economic activity, nor allow the exhaustion and unsustainable deterioration of natural resources. Unfortunately, the understanding of development in many countries, and our own past practices, suggests that this can easily take place unless concrete measures are taken at early stages. Companies too have been on target by this potholed development and as a result, their contributions to society are under severe scrutiny. With the approval of the Companies Act, 2013, the corporate social responsibility mandate (CSR) was formally introduced into the board of directors of Indian companies This paper is an attempt to provide insights about CSR and examine the trend and sector wise CSR expenditure by firms under the recently enacted Companies Act, 2013. The industry has responded optimistically to the reform measure undertaken by the government. Nowadays the increasing responsiveness about CSR & changing environment forces the companies to contribute for CSR fund for different activities. All corporate should endeavour and bring about a change in the current social situation in India in order to have an effective and lasting solution to the social woes.