Understanding the need for CSR in Indian context

CSR is latest topic among companies these days. It refers to commitment of environment business towards their environment, society, people etc. From 1-april-2014, Companies Act 2013 has made it mandatory to report on CSR and companies should invest minimum of 2% of their net profits towards such activities. Exhaustive list of CSR activities is given in paper. Only such activities will count as contribution towards CSR. Our focuses on evolution of CSR in 21^st century and various latest amendments that have taken place.