New Delhi, March 26 -- Corporate Social Responsibility (CSR) in India is a legal mandate that requires specific large companies to invest a portion of their profits into social, environmental, and developmental projects. Marrying philanthropy and modern legal accountability, CSR was formally mandated on April 1, 2014, under the Companies Act, 2013, transforming social giving from a voluntary "good deed" into a statutory obligation for large firms.
However, according to a CRISIL analysis, though the CSR spending has grown significantly since it became a legal mandate with the introduction of Section 135 of the Companies Act, geographic distribution of the spend remains uneven, with targeted investment in aspirational districts - which face ...