Business Standard

Letter to BS: Flaws inherent in the CSR law becoming apparent

If the law permits CSR money to go to build a statue and not benefit the common man, then there is need to change the law

Letter to BS: Flaws inherent in the CSR law becoming apparent
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Business Standard
This refers to “Problematic mandate” (November 26). There is a rising concern with corporate social responsibility (CSR) and it is about more things than one. For starters, 2 per cent CSR was put in as a non-mandatory provision. But it is not infrequent for companies to receive notices or phone calls from various parts of the MCA, putting pressure and making it appear as if a failure to reach the target is a punishable offence. If one considers the CSR for companies to be the same as the constitutional “Directive Principles” for the government, then it becomes clear, since no

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