Corporate Social Responsibility Issues in India with Special Reference to Land Acquisition

Abstract

W ithin the past few years there had been pronounced changes in the views of many business managers about their social responsibilities which have paralleled and partly reflected the changing priorities and expectations of society about business' social functions. As a result, there are today few subjects of more concern to business than corporate social responsibility. As business is undoubtedly moving to a large scale merger, acquisitions and consolidation, business here would mean corporate business. A corporate business or corporate in brief, is largely managed by a clutch of business managers physically separate from family business.

MOEF is today placing as much as 5% of the total project cost to be spent on corporate social responsibility (CSR) over a period of 5-10 years, for new projects. It is becoming thus very important for business to organize the CSR to obtain the maximum benefits and leverage.