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International Journal of
Law, Policy and Social Review
ARCHIVES
VOL. 5, ISSUE 3 (2023)
Corporate social responsibility in Indian legal frame work: A case study on Indian railway catering & tourism corporation limited (IRCTC)
Authors
S T Naidu, G Sudharsnamoorthy
Abstract

Today, we are living in the globalization era in which companies, businesses and society are more connected and interactive than ever before in the past. The organisations are more aware of their role towards the society therefore CSR is a crucial bridge between organizations and society and also a means to create awareness amongst corporate organisations, NGOs, civic bodies and government of the value and importance of social responsibility to bridge the gap between the privileged and the disadvantaged of society. It facilitates and creates the environment for true good partnership between civil society and business. More and more companies and organizations are creating an interface to encourage industry commerce and globalization that can, in turn, improve the bottom line by social good. More importantly, CSR is the point of junction of various initiatives aimed at ensuring socio-economic development of the community which would be livelihood oriented as a whole in a credible and sustainable manner.

The evolution of CSR in India refers to changes over time in India of the cultural norms of corporates engaged in CSR activities. Businesses are managed to bring about an overall positive impact on the communities, cultures, societies and environments in which they operate. CSR is a management concept because companies are integrating social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic, environmental and social imperatives.
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Pages:41-45
How to cite this article:
S T Naidu, G Sudharsnamoorthy "Corporate social responsibility in Indian legal frame work: A case study on Indian railway catering & tourism corporation limited (IRCTC)". International Journal of Law, Policy and Social Review, Vol 5, Issue 3, 2023, Pages 41-45
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