Name: Anita Moudgil
Country: India

Year: 2019
Volume: Volume-4, Issue-1 (January-June)
Page Number: 10-15

Corporate Social Responsibilityinvolves social and environmental issuesin businesses regarding environmental management, efficiency, labor standards and working conditions, social equity, gender issues, human rights, education and alike.The Ministry of Corporate Affairs, Government of India has notified the Section 135 of the Companies Act, 2013 along with Companies (Corporate Social Responsibility Policy) Rules, 2014 (CSR Rules) making it mandatory with effect from 1st April, 2014for the companies fulfilling the criteria as mentioned under Sub Section 1 of Section 135. The present paper aims to examine the corporate social responsibility and entrepreneurship and to understand the concept of CSR and its justification. The review of theory and empirics reveals that CSR is not to be considered as a charity work or philanthropic idea.The companies and the governments are responsible for the environment degradation, degradation of social values, cultural harms, corruption and many more issues. Limited liability doesnot mean limited responsibility. Sustainable development (economic-socio-political-cultural), inclusion of disadvantaged and marginalized must be in focus of the companies and the governments. The rising rich-poor divide proves that the benefits of growth and development are appropriated more by richer sections and by owners of the resources. A proper understanding of the concept of CSR will automatically lead to the social entrepreneurship.
Key words: corporate social responsibility, Haryana, environment, companies, good governance.