Mumbai, Sept. 2 -- India's corporate social responsibility (CSR) programme has crossed Rs 40,000 crore in scale, with the focus now shifting towards faster project execution, effective impact assessment and wider distribution of funds across sectors and regions, according to B Thiagarajan, Chairman of the CII National CSR Committee and Managing Director of Blue Star Ltd.

Speaking on the sidelines of the Confederation of Indian Industry's National CSR Summit, Thiagarajan said the regulatory framework had matured and the bigger challenge for companies was now to deploy growing CSR funds effectively.

"India should be proud of the regulation that we have. I don't think anywhere in the world such a large program has been initiated by the gov...