A Case Study on Corporate Social Responsibility of Public Sector Undertakings with special reference to Maharatna Companies of India

Abstract

Corporate Social Responsibility (CSR) is closely connected with a specialized type of team work in which the government, the civilians and the community work altogether to get inclusive growth and furnished progress for the millions of deserved people. As far as CSR in India is concerned, it is the first country to mandate the minimum level for CSR related activities in 2014 as per the new rules in Section 135 of India’s Company Act of 2013. As India has the population of over 120 crore, its economic prosperity and social improvement is hardly to occur due to various problems faced by Indian population, especially the middle-income group. Therefore, the government is ought to manage such problematic conditions and provide what is needed. So that after new experiences from private sector like major business giants, government mandated corporate social responsibility for the companies which come under the bound of the Companies Act-2013. The public companies’ high strata category is Maharatna category. As there are seven PSUs of Maharatna category, it is required to analyze the status of its CSR.