There Now…Gone Now…Sustainability in CSR Regulation in India

Nimruji Jammulamadaka ()
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Nimruji Jammulamadaka: Indian Institute of Management Calcutta

Chapter Chapter 11 in Essays on Sustainability and Management, 2017, pp 205-221 from Springer

Abstract: Abstract As per the Companies Act of 2013, CSR initially included pursuit of shared value including sustainability by business but the eventual rules that were notified omitted reference to shared value and with that, sustainability. This chapter discusses the background to the omission and focuses attention on the meanings of CSR and sustainability in Indian regulation and policy. It argues that Indian regulation has from the beginning used a dual meaning approach by referring to more domestic notions of philanthropy and community development along with global notions of shared value. The omission of shared value needs to be interpreted in the light of developments for reducing fiscal burden on the nation and the need to create an alternate source of funds for the social sector.

Keywords: Corporate Social Responsibility; Corporate Governance; National Welfare; Global Reporting Initiative; Sustainability Reporting (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-981-10-3123-6_11

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DOI: 10.1007/978-981-10-3123-6_11

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