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A Case for Mandatory Corporate Social Responsibility (CSR) in India

dc.contributor.authorWoong Lee
dc.description.abstractCorporate Social Responsibility (CSR) in India is particularly interesting because there is a long tradition of firms' contribution to society even before the terminology of CSR was introduced, although India is a developing country. More interestingly, it is the first country to enact mandatory CSR in the globe. According to Section 135 of Chapter IX under the Companies Act, which was revised in 2013, a company becomes eligible for CSR with a net worth of more than 5 billion Rupees (approximately USD 75 million), turnover of more than 10 billion Rupees, or net profit of more than 50 million Rupees. All eligible companies under the Act must constitute a CSR committee of the board consisting of at least three directors. The committee must ensure that the company spends at least 2 percent of the average net profit of the company earned during the three immediately preceding financial years, in pursuance of its CSR policy. Since this is the first case in the world of a mandatory CSR provision being introduced, the consequences of the revised Act are of much importance.
dc.publisherKorea Institute for International Economic Policy
dc.titleA Case for Mandatory Corporate Social Responsibility (CSR) in India
dc.subject.expertCommerce and Industry
dc.subject.expertIntra-Industry Trade
dc.subject.expertLarge Scale Industry
dc.subject.expertTextile Industry
dc.subject.expertRayon Industry
dc.subject.expertCotton Industry
dc.subject.expertClothing Industry
dc.subject.expertAlleviating Poverty
dc.subject.expertExtreme Poverty
dc.subject.expertFight Against Poverty
dc.subject.expertGlobal Poverty
dc.subject.expertHealth Aspects Of Poverty
dc.subject.expertIndicators Of Poverty
dc.subject.expertParticipatory Poverty Assessment
dc.subject.expertPoverty Eradication
dc.subject.expertPoverty Analysis
dc.subject.expertPoverty In Developing Countries
dc.subject.expertPoverty Reduction Efforts
dc.subject.expertUrban Poverty
dc.subject.adbIndustrial Economics
dc.subject.adbIndustrial Development
dc.subject.adbIndustrial Policy
dc.subject.adbTextile Workers
dc.subject.adbWool Industry
dc.subject.adbSilk Industry
dc.subject.adbSmall Scale Industry
dc.subject.adbMedium Scale Industry
dc.subject.adbLocal Industry
dc.subject.adbExport Oriented Industries
dc.subject.adbShoe Industry
dc.subject.adbHosiery Industry
dc.subject.adbFur Industry
dc.subject.adbLeather Industry
dc.subject.adbIncome Distribution
dc.subject.adbDemographic Indicators
dc.subject.adbSocial Justice
dc.subject.naturalCapital market
dc.subject.naturalDeveloping countries
dc.subject.naturalMarket share
dc.subject.naturalWork clothes industry
dc.subject.naturalWomen's clothing industry
dc.subject.naturalChildren's clothing industry
dc.subject.naturalUniforms industry
dc.subject.naturalGarment industry
dc.subject.naturalApparel industry
dc.subject.naturalBelt industry
dc.subject.naturalGlove industry
dc.subject.naturalFootwear industry
dc.subject.naturalSocial change
dc.subject.naturalSocial accounting
dc.subject.naturalInequality of income
dc.subject.naturalEconomic growth
dc.subject.naturalQuality of Life
dc.subject.naturalGreen Revolution
dc.title.seriesKIEP Opinions
dc.title.volumeNo. 107
dc.contributor.imprintKorea Institute for International Economic Policy
oar.adminregionSouth Asia Region
oar.authorLee, Woong

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