Exploring the Essence of CSR
(published in Mainstream Weekly. Vol LI No 13, March 16 2013) By diluting its major stake in many areas, Privatisation has become a charmed policy of the Indian State . The underlying assumption being that the pace of development can not be accelerated without giving free hand to private players. A ‘liberal’ approach towards domestic players has given rise to neo corporate entities in a span of a decade or more. There is no doubt that entrepreneurship needs moral support and legitimate encouragement. But that does not mean public resources should be thrown to the bucket of those who do not have any social concern. Inequality weaves serious strains and tensions in the social fabric and this entailed the corporate world to moot the idea of Corporate Social Responsibility. The idea behind CSR has been to sensitise the corporate /business entities for their surroundings and make them organically involved into uplifting the marginalised population. CS...