A Study on Performance of CSR with Reference to Steel Authority of India

The Public and Private Sector undertakings play a key role in generating employment, earning profits and also in improving the national income. Government of India, after making thorough observations, decided that these undertakings have to spend something to the needy so that a balanced economic growth can achieve. Hence, a concept called Corporate Social Responsibility has been emerged. CSR is a vehicle through which companies give something back to the society. Corporate Social Responsibility is an important Social element of organisation's strategic policy. It is a concept whereby companies decide voluntarily to contribute to a better society. Corporate social responsibility is a commitment to improve the well-being of a community and it is a way which strikes a balance between economic, social and environmental imperatives. Nowadays, CSR has become mandatory and there is a need to know which sector companies (private sector and public sector) are doing better CSR practices. The researcher in this paper has tried to study the CSR policy thoroughly and tried to understand the practices of CSR in Steel Authority of India which gives a route map to the potential and enthusiastic organisations.