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CSR or Corporate Social Responsibility is a well-known concept and a globally recognized practice today. Though the term was coined first in 1953, it has gained momentum in the last one or two decades. India is leading the way if we analyze the current scenario. While CSR is a voluntary activity or is fragmented across multiple statutory requirements worldwide, India is the first nation to mandate it through the provisions of Companies Act 2013 and Companies (CSR Policy) Rules, 2014. India is also among the first few nations to establish a Social Stock Exchange which is expected to facilitate utilization of CSR funds in a more effective and disciplined manner.
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