Understanding CSR in India

What does CSR stand for?

• Corporate Social Responsibility

• Corporate Sustainability Report

• Community Service Regulations

• Corporate Strategy Review

What is the historical context of CSR in India?

• CSR in India has historical roots from the colonial era, evolved through post-independence nation-building, and was institutionalized with the 2013 Companies Act mandating CSR spending.

• CSR in India originated in the 1990s with globalization.

• CSR in India has no legal requirements or historical significance.

• The concept of CSR was first introduced in India in the 2000s.

Which Indian law governs CSR activities in companies?

• Corporate Governance Code, 2015

• Companies Act, 2000

• Income Tax Act, 1961

• Companies Act, 2013

What year was the Companies Act that included CSR provisions enacted?

• 2010

• 2015

• 2008

• 2013

How much of their net profit are companies required to spend on CSR according to the Companies Act?

• 5% of their net profit of the last financial year

• 1% of their total revenue

• 10% of their average net profit of the last five financial years

• 2% of their average net profit of the preceding three financial years

What are some common areas where Indian companies focus their CSR efforts?

• Education, healthcare, environmental sustainability, rural development, women's empowerment

• Sports sponsorships

• Corporate retreats

• Luxury brand promotions

Explain the Gandhian concept of trusteeship in relation to CSR.

• The Gandhian concept of trusteeship relates to CSR by advocating that businesses should act as trustees of their wealth, using it for the greater good of society.

• Trusteeship means businesses should hoard wealth for future generations.

• CSR is solely about compliance with government regulations.

• Businesses should prioritize profit over social responsibility.

How did the concept of CSR evolve in India post-independence?

• CSR in India has always been a government-mandated requirement since independence.

• The concept of CSR in India evolved from philanthropy to a structured approach involving governance and sustainability, especially post-1990s with regulatory frameworks.

• CSR in India has remained unchanged since the 1950s, focusing only on charity.

• The concept of CSR in India is solely based on foreign corporate practices.

What role do stakeholders play in CSR initiatives?

• Stakeholders have no impact on CSR initiatives.

• Stakeholders guide and influence CSR initiatives by providing insights into their needs and expectations.

• Stakeholders only provide financial support for CSR initiatives.

• Stakeholders are solely responsible for implementing CSR initiatives.

Can you name a few Indian companies known for their CSR activities?

• Reliance Industries

• Bharti Airtel

• State Bank of India

• Tata Group, Infosys, Wipro, Mahindra & Mahindra, Hindustan Unilever