Too many regulations are ruining CSR
The overly prescriptive set of what is and what is not CSR is grounded in the government's mistrust of companies
The Companies Act, 2013, introduced a well-intentioned section requiring companies to spend on corporate social responsibility (CSR) initiatives. The section is applicable to large companies measured by net worth, turnover, or profits. We argue that while the intent was to keep the provision principle-based and flexible, the leakage between intent of the law, its drafting, its delegated interpretation, and its final execution by the company on the ground gives rise to concerns that it does not realize what it set out to accomplish.
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