Corporate social responsibility has been considered as an altruistic activity since

ancient times for any business organisation. Businesses are responsible for running
their operations in legal, ethical, economical, social and moral way to the
stakeholders. Every business activity has an impact on society, natural resources,
workforce and the nation as a whole. A responsible conduct of a business
contributes towards sustainable development, brand image, competitiveness, social
welfare, Respect for human rights and adherence to legal standards. The aim of
business should not be based on financial factors alone, but decision reflect the
considerations for society creating a value and future prospects for them, improving
political and bureaucratic accountability. Overall good governance. Different
countries have different approaches to apply CSR activitiesLarger organisations
contribute more towards promoting CSR activities tha smaller or medium business
organisations. In India companies act 2013 replacing companies act 1956Has
brought far reaching changes concerning companies formation and working along
with incorporating section 135 that deals with corporate social responsibility for
companies listed in India. India is the first country in the world to legislate CSR
activities and making mandatory the submission of CSR initiatives report. The
concept of CSR is applicable to companies having an annual turnover of Rs.1000
crore or more ,Or a net worth of Rs.500 crore or more, or a net profit of Rs.5 cr or
more and companies are required to spend a minimum of 2% of its average net
profits for its proceeding three financial years amount on CSR activities. Companies
can invest their profits in areas complying schedule seventh of section 135 of
companies act which are as;
eradication of poverty, malnutrition and hunger,
healthcare preventive healthcare, sanitation, contribution to Swachh BharatKosh,
promotion of education special education and employment increasing vocational
skills aiming at children, women, elderly people, differently abled,
gender equality and empowerment of women,
homes hostel facilities for women and orphans,
old age homes, daycare centres,
environmental sustainability, ecological balance, maintaining soil, water, flora and
fauna,
animal welfare,
protection of national heritage act and culture , setting up of public libraries,
promotion of traditional art handicrafts,
Conservation of natural resources,
contribution to the Prime Minister’s nationall relief fund or any other fund set up by
central and state governments for socio-economic development,
relief and welfare funds for SC, ST, minorities, women and other backward classes,
promotion of rural sports, Olympics, paraOlympics and any other sport of national
recognition,
slum area development, other matters as prescribed.
During COVID-19, Ministry of corporate affairs has notified that expenditure made
by companies in promoting healthcare, preventing healthcare, sanitation and
disaster management would be considered as valid CSR [Link] companies
in India are playing a vital role to support the society to overcome the challenging
times of pandemic and being socially responsible by promoting social awareness.
Assisting govt by way of making donations, facilitating needs of persons especially
marginalised sectors of the society by providing mask, gloves, sanitisers, many
medicines, meals, thermal testers, ventilators, health check ups, educating the
importance of staying indoors, maintaining hygienic conditions et cetera are the
efforts by the companies to fight against COVID-19

monika chopra <chopranaveen2004@[Link]>

To:monika chopra
Wed, 12 Aug at 1:45 pm
In the toughest time of COVID-19, business organisations are having opportunity to
prove their commitment towards society beyond going CSr expenditure even.
Business can utilise their technological capabilities, resources and formulate policies,
strategies to support government, healthcare institutions, vulnerable sections of the
society with innovative solutions. Before COVID-19 companies have been
channelising their CSR efforts towards various areas to comply with the regulations
of schedule seventh of the act.
Reliance industries Ltd, 849.3 Cr
ONGC Ltd Rs.614.6Cr,
IOC Ltd Rs490.61Cr,
HDFC bank Ltd Rs443.80 cr,
Tata consultancy Ltd Rs.434.0 Cr,
Infosys Ltd Rs.342Cr,
Tata steel Ltd Rs.314.9
Vedanta Ltd Rs.309Cr,
ITC Ltd Rs.307.0 crore
NTPC Ltd Rs.285.46Cr
Power Grid Corporation Limited Rs.195.5Cr
CRS initiative taken by following organisations for inclusive development.
Reliance
- for FY 2019-20, relief measures for floods/ cyclone affected areas of Maharashtra,
Bihar, Gujarat, Andhra Pradesh, Karnataka, Orissa, Kerala, Punjab benefiting
around 10 Lakh people.
-Digital technology-based dissemination of creating awareness related to pre-and
post epidemic controls
- reliance foundation schools
- disaster management and energy response training,
- mission Anna Seiva,
Jio rail Swachh the project,
Recycle4 life
- rural sports and skill development measures,
animal healthcare services, affordable solutions for healthcare,
COVID-19 measures
-Rs.556Cr to PM cares fund and other state/ relief funds,
distribution of masks, PPEs for health workers and caregivers,
-provision of free meals Ration kits, coupons, cooked meals to marginalised sections
of the society, free fuel to government notified vehicles ambulances covering
various states,
-CSR interventions strategies direct engagement ,partnerships and collaborations
leverageing technology,
ONGC Ltd
CSR funds -1758 projects across the country Gujarat, UP, Orissa,
health, hygiene, water, sanitation, sports, old age, skill development, river cleaning,
education,
Rs.300 crore to PM cares fund from CSR to fight against Corbett pandemic,
free meals to daily wagers, 300 ration kits( 8 kg) to police personnels, distribution of
sanitisers, gloves, face masks to slum dwellers,
Sanitary kits to sanitary workers, meal packets, distribution of free food
packets ,engagement of fire tenders for sanitising (sodium hydrochloride mixed with
water), Rs.1.53,Cr assistance to health institutions for PPE for health workers
underprivileged, assurance of LPG stock, 35 projects worth Rs.4.59Cr,
being implemented working for Covid- 19
IOC
healthcare, sanitation, vocational skill development, empowerment of women,
assistance to economic and socially weaker sections,
LeH, Jammu and Kashmir, northern states, north-eastern states, backward districts,
Affected areas, mobile medical units( Mathura, UP, Assam, Orissa, Bengaigaon),
marginalised and underprivilegeded SC, ST, backward, physically disabled people.

HDFC Rs.150Cr PM cares fund supporting government

in 2019-20
Rs.535.31Cr on CSR initiatives, rural development programmes multiple initiatives in
the education, skill development, livelihood enhancement, healthcare, environment
sustainability, creating sustainable communities

During 2000 1819, CSR expenditure by companies have seen a growth of 17% as
compare to last years 1786 companies were listed on national stock exchange and
analysis was done on 1132 companies, education and vocational skills, hunger power to
healthcare, rural development, environment sustainability, Maharashtra, Gujarat,
Rajasthan, Karnataka, Tamil Nadu, Orissa, Delhi, Andhra Pradesh, West Bengal,
Telangana 47% of total CSR expenditure

During 2018-19, CSR expenditure by companies have seen a growth of 17% as compared to last
years

1786 companies were listed on national stock exchange and analysis was done on 1132 companies,
education and vocational skills—4440 cr

Hunger, poverty, healthcare—3242 cr,

rural development—1322cr
environment sustainability-1020cr

, Maharashtra, Gujarat, Rajasthan, Karnataka, Tamil Nadu, Orissa, Delhi, Andhra Pradesh, West
Bengal, Telangana-- 47% of total CSR expenditure
CSR spend on covid-19 pandemic related activity

No of companies—total amount spent

Pvt sector—56,--5,122

Public sector—24,-2,229

Pvt(foreign sector)—4,--186
total----------------84.—7537

PM CARES FUND –4316

Other Activities—3221

Challenges faced by Companies

-Steps taken by corporations during COVID-19 pandemic will have drastic impact on the traditional
CSR measures and surrounding environmental systems dependent on it.
-- Making donations to PMCARES FUND and to other relief measures to mitigate the COVID-19 effect
by companies will result in the exhaustion of current budgets being allocated for CSR activities. NGOs
will be affected due to negligible support from companies and partners for funding CSR
[Link] will face difficulty in restructuring their operations and carrying off earlier
commitments.
- In future there will be reduction in CSR budgets is due to slow growth of business activities, low
generation Of profits.
-Companies are not in a position to check the reliability, diligence and ehical behaviour of third parties
while, collaborating for undertaking pandemic relief measures. Due to paucity of time, complexity and
tediousness of checking third parties past record companies are prone to financial and reputational
risks.
- To serve the immediate need of COVID related measures, corporations are giving backseat to other
critical social issues such as water security, unpaid domestic labour for women, reverse migration,
reduction in cash income of rural workers, sanitation, reduction in profits, nutrition, non-covid health
Issues Domestic violation, education, fostering innovation processes etc.). NGOs are not in a position
to reach marginalised sections of society during crisis.
-Companies are prioritising their social image over the interest of their own employees. Lock down
conditions have brought almost every activity to a standstill resulting in failure of employers / business
owners to discharge their obligations. Salary cuts, job layoffs, no future security, work from home
issues, data security, non-statutory benefits etc issues that have [Link] chain supplies,no
use of ration cards to migrant labour if staying outside hometown,no social support from states,
millions of poor people are remained untouches by the responsible actions taken by companies
during COVID-19.
- India’s corporate affairs Ministry has clarified that contributions made by companies to words state
relief fund for COVID-19 would not be considered as CSR activity.