Fiinovation - Conference on Better Healthcare Through CSR -- Partnership & Innovations - Part 2

Dr. Chaterjee provided an in-depth account of the much discussed CSR provisions in the newly enacted Companies Bill. He focussed on the key questions of how the provisions came into existence? What was the need for the same? What have been government's expectations from the same and what are roles of corporate and civil society? He mentioned that there are many definitions of CSR in existence but the legislation has a distinctive definition. He also drew the attention of forum on the fact that the buzz that CSR has been carried in India historically by every organization needs to be deconstructed. Empirically, he mentioned only approximately 500 companies in the country are performing activities that could be qualified as CSR. The need was therefore to build an enabling atmosphere to concretize CSR at national level