The rise of CSR policy: A tool for sustainable development in the selected company of Banswara
Rupam Soni, Komal Raval, Pragnesh Dalwadi
Warren Buffet once said, “It takes 20 years to build a reputation and only 5 minutes to ruin it.” Organisation should not only be responsible morally to the stakeholders but also to the society, environment and toward a sustainable nation at large. In 2004, The World Bank denoted that CSR is the commitment of businesses to contribute to sustainable economic development working with employees, their families, the local community and social at large to improve their quality of life in ways that are both for business and good for international development. For bringing back and maintaining the general balance in the economic and social arena it is evident to think deeply and act wisely about Corporate Social Responsibility. The population of southern Rajasthan, mainly Banswara and Dungarpur districts engaged in agriculture and animal husbandry activities. Although the government had taken many steps for poverty eradication in this region but it is joint responsibility of both government and corporate sector to play an active role for sustainable development by adoption and implementation of the CSR policy. In this paper, Researchers have done a comparative study of CSR policy practices by SYNTEX LTD. for the period before and after enactment of The Companies Act, 2013.