Corporate social responsibility: Growth and development
Business should not only be responsible morally to the stakeholders but also to the society, environment and towards a sustainable plant at large. CSR is continuous commitment by businesses to behave ethically & contribute to economic development while improving the quality of life of the workforce & their families and the society at large. CSR emphasizes obligation & accountability to society, action, outcomes, results etc. it is beneficial for human resource risk management and business development. India`s new company act 2013 has introduced several new provision which change the face of Indian corporate business. One of such new provision is CSR. Ministry of corporate affairs has recently notified section 135 and schedule VII of the companies act as well as the provision of the companies CSR, rule, 2014 which has come into effect from 1st April, 2014. In this paper we will outline effective use of CSR, arguments in favor& against of CSR and how business will grow by using CSR.