1.

Give your opinion in short on the usefulness of corporate social responsibility.

Answer»

1. Corporate social responsibility is responsibility shown by the industrialists by working for the betterment of the society and for conserving environment. 

2. Industries making annual profit of more than 5 crores are expected to spend 2% of their profits on some of the following acts:

  • Providing educational or health facilities 
  • Establishing centres for mentally or physically challenged, widows, other needy people
  • Developing a particular village or region 
  • Establishing environmental development centres, etc.

3. Corporate social responsibility increases the welfare of people and so proves beneficial to the society.



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