&

INCLUSIVE GROWTH

IN INDIA -SOME ISSUES

CORPORATE SOCIAL RESPONSIBILITY

AND

INCLUSIVE GROWTH IN INDIA- SOME ISSUES

Dr M Shivalingegowda

M C Girisha

Nagendra N

INTRODUCTION

Corporate social responsibility is best defined bythe business council as “the continuingcommitment by business to behave ethicallyand contribute to economic development whileimproving the quality of life of the workforceand their families as well as the localcommunity and society at large”. Corporatesocial responsibility can play vital role ininclusive growth both globally as well asdomestically

INCLUSIVE GROWTHattributes to inclusiveness

• Opportunity: is the economy generating more and varied ways for people to earn a living and increase their incomes over a time?

• Capability: is the economy providing the means for people to create or enhance their capabilities in order to exploit available opportunities?

• Access: is the economy providing the means to bring opportunity and capabilities together?

• Security: is the economy providing the means for people to protect themselves against a temporary or permanent loss of livelihood?

• Indian government has made “inclusive growth”

CORPORATE SOCIAL RESPONSIBILITY AND INCLUSIVE GROWTH: SOME ISSUES

• CSR And Community Development Programme

• CSR And labour welfare programme

• CSR And social Infrastructure

Performance of CSR: Some examples

• Income Generation (TATA Groups)

• The incident of 26/11 Mumbai Hotel TAJ

• RIL's contribution to the community

THE GAP

• We are best in planning but very poor in implementation.• There is a long gap between planning and implementation.• In most of the cases follow up action will not be taken even

if it is taken it is just a formality.• The corporate sector hither to, was not serious about their

role towards society with few exceptions. Very often, the business houses allocate some funds towards community development programmes of the government and keep silent.

• Corporate social responsibility has not been made mandatory so far. It is with the recent amendment to the companies Act , companies are asked to spend two percent of their profits on CSR.

SUGGESTIONS

• CSR should be made mandatory

• Government should take initiatives

• Encourage companies

• The government must encourage partnership

• The central government should give tax relief to some extent

• spend 5% of the turnover on CSR.(hazardous product company)

• CSR must be regarded as an investment

CONCLUSION

conclusion