In India, corporate social responsibility isn’t just a good idea. It’s now the law. In August 2013, the Indian Parliament passed a revised version of the nation’s Companies Act, and the act now requires companies of a certain size to invest 2 percent of net profits in social benefit activities. This provision, which makes India the first country in the world to mandate CSR spending, could unlock as much as $3 billion annually, creating a monsoon of opportunities to tackle issues like…
To read this article and start a full year of unlimited online access, subscribe now!
Subscribe NowAlready a subscriber?
LoginNeed to register for your premium online access,which is included with your paid subscription?
Register NowSupport SSIR’s coverage of cross-sector solutions to global challenges.
Help us further the reach of innovative ideas. Donate today.
Read more stories by Suzie Boss.