MEDS-051

Introduction Democratized development refers to a development process that is inclusive, participatory, and people-centered. It empowers local communities to have a voice in planning, implementing, and evaluating development programs, including Corporate Social Responsibility (CSR) initiatives. Rather than a top-down approach, democratized development ensures that communities are active partners in their own progress. Explanation: When communities

Introduction Corporate Social Responsibility (CSR) plays a vital role in poverty alleviation by supporting programs that improve access to education, healthcare, employment, and essential services. As companies engage in socially responsible behavior, many have directed their CSR efforts towards empowering disadvantaged communities, especially those living below the poverty line. This not only helps improve lives

Introduction The Companies Act, 2013 marked a significant milestone in the history of Corporate Social Responsibility (CSR) in India. For the first time, CSR became a statutory obligation for eligible companies. The Act introduced specific provisions to ensure that businesses actively contribute to social development. The key CSR-related provisions are found under Section 135 and

Introduction Corporate Social Responsibility (CSR) in India has evolved significantly over the years. From being considered an act of charity and philanthropy, CSR has transformed into a structured and strategic part of business operations. The development of CSR in India can be understood through distinct phases, reflecting the country’s economic, political, and social changes over

Introduction Corporate Social Responsibility (CSR) refers to the responsibility of businesses to contribute positively to society and the environment in which they operate. CSR goes beyond profit-making and focuses on how companies can play a role in sustainable development by delivering economic, social, and environmental benefits for all stakeholders. In simple terms, CSR means doing