Corporate Social Responsibility Practice in India: A Comparison with International Standard

ACKNOWLEDGEMENT

I would like to thank my supervisor, colleagues, and all those who helped me in completing my reaserch project, without their support the completion of this reaserch study could not be possible.

DECLARATION

I adjudge, the content of this dissertation is completely collected and done by unaided effort and the material in it, has not been published ever before. The opinion that is reflected in this dissertation is purely my opinion and does not represent any University's opinion.

Signature:

Dated:

ABSTRACT

In this research study, the international laws are being analyzed, as well as, the current status of CSR activities are being analyzed and discussed. Different case studies which are pertinent to CSR are being discussed and analyzed in this research study. There are many Indian companies that are not implementing the CSR activities according to the international rules and regulations. Many organizations in India are violating different laws i.e. human rights, labor law, environmental law etc. In other developed countries, the corporate social responsibility is popular and organizations there strictly implementing the CSR activities. By implementing the CSR activities the society not only gets the benefits but also the organizations can get numerous benefits.

TABLE OF CONTENTS

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

Overview of CSR and its Historical Background in India1

Triple Bottom Line and CSR1

Historical Background of CSR Incorporation in the Indian Society3

The Evolution of Corporate Social Responsibility in India: Four Phases of CSR Development in the Indian CSR History5

Conclusion9

Present Status of Corporate Social Responsibility: International Laws, Substantive Laws and their Implementation in India9

International laws for implementation of CSR practices: 087 Freedom of Association and Protection of the Right to Organize (1948), 098 Right to Organize and Collective Bargaining (1949), 138 Minimum Age Convention (1973, and 182 Elimination of the Worst Forms of Child Labour (1999)11

Substantive law implementation in India: Practicing CSR by implementation of Substantive laws in India15

Conclusion18

CSR global Status: CSR practices in Europe and US18

CSR in USA21

CSR in Europe21

European Policy23

Conclusion23

Case Laws pertinent to the Supreme Court of India: the Cases Represent the Violation of CSR practices in India24

Satyam Case: Violation of CSR practices in India24

Bhopal Case: Violation of CSR practices in India24

National Textile Worker's Union vs. P.R. Ramakrishnan: Violation of CSR practices in India25

Vehicular Pollution Case: Violation of CSR practices in India26

Taj Mahal -Land Mark Case: Violation of CSR practices in India26

Jurists' Comments on case laws: The Violation of CSR Pertinent Laws in India26

Conclusion27

Judgment of International Court on CSR Law Cases: International Law Cases on the Violation of CSR Practicing in India27

Aerial Herbicide Spraying (Ecuador v. Colombia)27

Maritime Delimitation in the Black Sea (Romania v. Ukraine)27

Application of the International Convention on the Elimination of All Forms of Racial Discrimination (Georgia v. Russia)28

Conclusion28

Incorporation of CSR activities: CSR Models by the Times Foundation and Multi National Companies CSR Initiatives29

CSR Model: Program for Promoting the Micro-credit and Enterprise29

CSR Model: Increment of Funds for Co-Operative Banking29

CSR Model: Contribution for good Cause by Deducting Payrolls29

CSR Model: Contribution by the Customers by giving Donations30

CSR Model: Cause pertinent Marketing30

CSR Model: The EU-India CSR Network ...