Business Standard

Sunday, December 22, 2024 | 05:27 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

CSR spends have a geography problem as charity begins and ends at home

Funding is largely limited to states where industry is concentrated; those with low industrialisation are likely to have been starved of critical funds

CSR
Premium

Sachin P MampattaKrishna Kant
Charity begins (and ends) at home for corporate India.

Developed states which house India’s largest companies, tend to get more money from their corporate social responsibility (CSR) budgets shows an analysis of listed companies’ CSR spends from Prime Database compared to government figures on Gross State Domestic Product at Factor Cost (current prices).

A state like Bihar ranks 17th on a list of 32 states and union territories for which CSR data is available. Topping the list are industrial powerhouses like Maharashtra, Gujarat and Karnataka. The correlation between these three states' economic output and the amount of CSR spends is

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in