A Study of Corporate Social Responsibility initiative taken by Reliance Industries Limited.

Dr. Navindra Kumar Totala, ASHUTOSH KUMAR JHA

Abstract


In recent years Corporate Social Responsibility (CSR) emerged as an effective tool for poverty alleviation and upliftment of deprived community into main streamline of the development.  Government sponsored programme is not enough to cover entire section of society due to large size and huge population of India. Government, Social Activist, Media, Regulator, International organization etc. has been putting pressure on corporates for its social welfare activity. After the introduction of The Companies Act, 2013 in India, Companies which fulfill certain criteria, have to spend mandatorily in social welfare activities. Section 135 of The Companies Act, 2013 mainly focuses on large companies due to its ability to spend in welfare activity. Reliance Industries Limited (RIL) is India’s one of the largest company by market capitalization with business across petroleum, power, textile, communication, retail etc. spreading all over the world. Since RIL earns huge profit every year, therefore it’s legal as well as moral responsibility of the company to bring deprived community into main streamline by spending in Corporate Social Responsibility (CSR) fund. This paper portrays CSR initiative taken by RIL and its spending pattern across the different segment of the development. The study is based on secondary data taken from annual report of RIL and National CSR Data Portal, Ministry of Corporate Affairs, Government of India.


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References


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