Thesis Chapters by Dr Swarna Chourasia
RESUME PROFESSIONAL SUMMARY
ABSTRACT
India is one of the top five fastest developing countries and also ranked 6th largest e... more ABSTRACT
India is one of the top five fastest developing countries and also ranked 6th largest economy in the world with a nominal GDP of $ 2.848 trillion that is really remarkable, but it’s still a developing country, not a developed country. India has been ranked 131st out of 188 countries, as per latest Human Development Report (HDR) 2017 by the United Nations Development Program (UNDP) and Oxfam an International NGO also Reported that- The richest 1% in India cornered 73% of the wealth generated, that shows the biggest income inequality. Where one side India has a lot of industrial activity, good economic condition and people have high income but on another side inequality in income, regional disparities in education, health and living standards also exist. To overcome from economic inequality and to raise the standard of living government of India time to time introduced new policies, rules and regulation, law, scheme, etc. through which they can achieve their sustainable development goal. Even the main objective to introduced CSR law in companies’ act 2013 is for sustainable development of society.
The new CSR provision and its proper implementation can take India toward the next level of development. Law and policies have acted as a catalyst in the process of social transformation of people. The concept of CSR is governed by clause 135 of the Companies Act, 2013 and encourages companies to spend at least 2% of their average net profit in the previous three years on CSR activities mentioned in Schedule VII of the companies act 2013. When these corporate shares a little of their prosperity for the development of a country in form of providing education, food, healthcare, skill development, rural development, sport etc. this helps in the overall development of country and simultaneously improvement in the future employability.
The purpose of this research is to analyzed the initiative taken by the eligible Indian companies’ under the provision of Corporate Social Responsibility (Sec 135) of The Companies Act 2013.Study was carried out on a 200 Indian companies (100 from public sector and 100 from the private sector and secondary data obtained from their Website, Annual report, CSR policy, CSR report, etc. of three consecutive financial years (FY 2014-15 to FY 16-17). Six related Hypotheses were developed and subjected to statistical analysis, using the Chi-square statistical method and two ways ANOVA without replication and some mathematical calculation. Results obtained reveal that
FY 2014-15 only 38.5% of eligible companies meet the minimum spending requirement on CSR. In the same way in the year 2015-16 out of 200 only 114 & 2016-17 out of 200 only 109 selected companies meet the requirement. In coming years 2015-17 there is slight improvement in expenditure on CSR activities. In the public sector most commonly channel used for the implementation of CSR activities are direct and with Ngo same with the private sector. As compared to the public sector, private sector gives more preference to their own Foundation for implementation of CSR activities. The selected Indian companies are directly engaged in CSR activities mostly in the area of Rural Development, Education (especially Girl child), Healthcare, and sanitation and skill development. But In the area of Technical Incubator, Farmers, sport, mid-day meal, the contribution is negligible. Spending only on sanitation, health and education did not meet the expected result for which government introduce the CSR provision in the Companies Act 2013. If a corporate share a little of their prosperity for the development sportsperson also, it will help them to improve their overall personality and simultaneously improves the future prospects in terms of employability.
Companies expressed their commitment towards Corporate Social Responsibility and tried to defend their failure to spend 2% in initial year by expressing that CSR Policy formulation is under process, Location of projects could not be finalized and Not formed CSR Committee, now the mentioned that funds have been earmarked for CSR activities and would be carried forward for the next year. But in next year again most of the companies not attain the CSR provision.
The paper suggested a more pragmatic approach toward social responsibility compliance among business organizations in India. This Research will be useful for the Practitioners-government, implementing agencies, corporate, lawmaker, Policymaker, CSR officer and committee alike. This feedback will then act as a benchmark for any corrective action that may be required
Papers by Dr Swarna Chourasia
Review of Bussiness and Technology International Jornal, 2015
Abstract:
CSR is generally understood as being the way through which a company achieves a balance... more Abstract:
CSR is generally understood as being the way through which a company achieves a balance of economic, environmental and social imperatives (Triple-Bottom-Line Approach), while at the same time addressing the expectations of shareholders and stakeholders.” CSR may be relatively new to India, but the concept dates back to Mauryan history, where Philosophers like Kautilya emphasized on ethical practices and principles while conducting business. Corporate social responsibility (CSR) aims to better integrate social and environmental concerns into business routines on a voluntary basis. The ministry of corporate affairs (MCA) had introduced the CSR voluntary guidelines in 2009.These guidelines have been incorporated with The Companies Act 2013.Governement intervention shown the significance of CSR in present scenario. The exploratory research is aimed at studying Corporate Social Responsibility (Sec 135) of The Companies Act 2013 & its provision on mandatory spending and disclosure of CSR activities accomplished in Indian Banking sector. The study was carried out on a 42 Indian Banks using secondary data obtained from their Website, Annual report, CSR policy, CSR report, Published paper etc. In India, the concept of CSR is governed by clause 135 of the Companies Act, 2013 and encourages companies to spend at least 2% of their average net profit in the previous three years on CSR activities .Results obtained reveals that not a single Indian bank achieved this 2% percentage mandatory amount. Even most of them spent less than 1% in financial year 2014-15. It has also been found that the selected banks are directly engaged in CSR activities mostly in the area of Rural Development, Education(Specially Girl child), PMNRF and Health. The analysis shows that, these banks are making efforts for the implementation of CSR, but are restricted within certain fields. There is a need for better CSR activities by the banks, which is possible by adding more amount and more social development issues link with corporate sector. CSR is viewed as vital tool for improving their competitive edge over their opponents, making brand image etc.
Key words: Corporate social responsibility, Banking sector, Companies Act 2013
Ascent International Journal, 2017
The vision of any country lies in the hands of their youths. If these youths are not given an opp... more The vision of any country lies in the hands of their youths. If these youths are not given an opportunity to exercise their talents it will be a great wastage of human resources. They have ability to create their identity and move forward. However, they will not be able to do so without the support of their government.Indian government introduced the Corporate Social Responsibility (CSR)clause 135 of the Companies Act, 2013for sustainable development of society. CSR provision encourages companies to spend at least 2% of their average net prooit in the previous three years on CSR activities .When these corporate share a little of their prosperity for the development of country in form of providingeducation, food, healthcare, skill development, sport etc. this helps in overall development of country and simultaneously improvement in the future employability. The purpose of this research to analyzed the initiative taken by the Indian companies' in ield of sport under the provision of Corporate Social Responsibility (Sec 135) of The Companies Act 2013.Study was carried out on a 100 Indian companies (50 from public sector and 50 from private sector and secondary data obtained from their Website, Annual report, CSR policy, CSR report, etc. of three consecutive inancial years (FY 2014-15, FY 15-16 and FY 16-17). Four related Hypotheses were developed and subjected to statistical analysis, using the Chi-square statistical method and simple mathematical operations. Results obtained reveal that the selected Indian companies are directly engaged in CSR activities mostly in the area of Rural Development, Education (Specially Girl child), Healthcare, and sanitation and skill development. But In area of sport contribution is negligible. It was observed from the data analysis that there is inadequately improvement in the annual spending of the CSR budget on sports activity. Out of the 2% of the CSR fund, the companies are spending around 1% of the total CSR budget on sports. Moreover, it is also found that the inclination of public sector towards CSR funding in sports sector is more compared to the private sector. However, it is still a long distance to cover for both the sector to increase investment in the sports sector. The paper suggested a more pragmatic approach toward social responsibility compliance among business organizations in India. Spending only on sanitation, health and education did not meet the expected result for which government introduce the CSR provision in the companies Act 2013. If corporate share a little of their prosperity for the development sportsperson also, it will help them to improve their overall personality and simultaneously improves the future prospects in terms of employability.
Teaching Documents by Dr Swarna Chourasia
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Thesis Chapters by Dr Swarna Chourasia
India is one of the top five fastest developing countries and also ranked 6th largest economy in the world with a nominal GDP of $ 2.848 trillion that is really remarkable, but it’s still a developing country, not a developed country. India has been ranked 131st out of 188 countries, as per latest Human Development Report (HDR) 2017 by the United Nations Development Program (UNDP) and Oxfam an International NGO also Reported that- The richest 1% in India cornered 73% of the wealth generated, that shows the biggest income inequality. Where one side India has a lot of industrial activity, good economic condition and people have high income but on another side inequality in income, regional disparities in education, health and living standards also exist. To overcome from economic inequality and to raise the standard of living government of India time to time introduced new policies, rules and regulation, law, scheme, etc. through which they can achieve their sustainable development goal. Even the main objective to introduced CSR law in companies’ act 2013 is for sustainable development of society.
The new CSR provision and its proper implementation can take India toward the next level of development. Law and policies have acted as a catalyst in the process of social transformation of people. The concept of CSR is governed by clause 135 of the Companies Act, 2013 and encourages companies to spend at least 2% of their average net profit in the previous three years on CSR activities mentioned in Schedule VII of the companies act 2013. When these corporate shares a little of their prosperity for the development of a country in form of providing education, food, healthcare, skill development, rural development, sport etc. this helps in the overall development of country and simultaneously improvement in the future employability.
The purpose of this research is to analyzed the initiative taken by the eligible Indian companies’ under the provision of Corporate Social Responsibility (Sec 135) of The Companies Act 2013.Study was carried out on a 200 Indian companies (100 from public sector and 100 from the private sector and secondary data obtained from their Website, Annual report, CSR policy, CSR report, etc. of three consecutive financial years (FY 2014-15 to FY 16-17). Six related Hypotheses were developed and subjected to statistical analysis, using the Chi-square statistical method and two ways ANOVA without replication and some mathematical calculation. Results obtained reveal that
FY 2014-15 only 38.5% of eligible companies meet the minimum spending requirement on CSR. In the same way in the year 2015-16 out of 200 only 114 & 2016-17 out of 200 only 109 selected companies meet the requirement. In coming years 2015-17 there is slight improvement in expenditure on CSR activities. In the public sector most commonly channel used for the implementation of CSR activities are direct and with Ngo same with the private sector. As compared to the public sector, private sector gives more preference to their own Foundation for implementation of CSR activities. The selected Indian companies are directly engaged in CSR activities mostly in the area of Rural Development, Education (especially Girl child), Healthcare, and sanitation and skill development. But In the area of Technical Incubator, Farmers, sport, mid-day meal, the contribution is negligible. Spending only on sanitation, health and education did not meet the expected result for which government introduce the CSR provision in the Companies Act 2013. If a corporate share a little of their prosperity for the development sportsperson also, it will help them to improve their overall personality and simultaneously improves the future prospects in terms of employability.
Companies expressed their commitment towards Corporate Social Responsibility and tried to defend their failure to spend 2% in initial year by expressing that CSR Policy formulation is under process, Location of projects could not be finalized and Not formed CSR Committee, now the mentioned that funds have been earmarked for CSR activities and would be carried forward for the next year. But in next year again most of the companies not attain the CSR provision.
The paper suggested a more pragmatic approach toward social responsibility compliance among business organizations in India. This Research will be useful for the Practitioners-government, implementing agencies, corporate, lawmaker, Policymaker, CSR officer and committee alike. This feedback will then act as a benchmark for any corrective action that may be required
Papers by Dr Swarna Chourasia
CSR is generally understood as being the way through which a company achieves a balance of economic, environmental and social imperatives (Triple-Bottom-Line Approach), while at the same time addressing the expectations of shareholders and stakeholders.” CSR may be relatively new to India, but the concept dates back to Mauryan history, where Philosophers like Kautilya emphasized on ethical practices and principles while conducting business. Corporate social responsibility (CSR) aims to better integrate social and environmental concerns into business routines on a voluntary basis. The ministry of corporate affairs (MCA) had introduced the CSR voluntary guidelines in 2009.These guidelines have been incorporated with The Companies Act 2013.Governement intervention shown the significance of CSR in present scenario. The exploratory research is aimed at studying Corporate Social Responsibility (Sec 135) of The Companies Act 2013 & its provision on mandatory spending and disclosure of CSR activities accomplished in Indian Banking sector. The study was carried out on a 42 Indian Banks using secondary data obtained from their Website, Annual report, CSR policy, CSR report, Published paper etc. In India, the concept of CSR is governed by clause 135 of the Companies Act, 2013 and encourages companies to spend at least 2% of their average net profit in the previous three years on CSR activities .Results obtained reveals that not a single Indian bank achieved this 2% percentage mandatory amount. Even most of them spent less than 1% in financial year 2014-15. It has also been found that the selected banks are directly engaged in CSR activities mostly in the area of Rural Development, Education(Specially Girl child), PMNRF and Health. The analysis shows that, these banks are making efforts for the implementation of CSR, but are restricted within certain fields. There is a need for better CSR activities by the banks, which is possible by adding more amount and more social development issues link with corporate sector. CSR is viewed as vital tool for improving their competitive edge over their opponents, making brand image etc.
Key words: Corporate social responsibility, Banking sector, Companies Act 2013
Teaching Documents by Dr Swarna Chourasia