Transcript Perfect Competition Short Run

CSR Practices: Problems and
Prospects (A Case of Jharkhand
State)
Dr. Bhawna Bhatnagar, Mr. Ashok Asthana, Mr. Ankur
Budhiraja
Introduction
Corporate social responsibility is an
amalgamation of approaches,
conceptualizations and practices
which determines the strategic thrust
of an organization. Corporate social
responsibility is basically a concept
whereby companies decide voluntarily
to contribute to a better society and a
cleaner environment.
Objective of the study
The main objectives of the research
were
 To Know about the different CSR
initiatives in Jharkhand
 To critically analyze the success of
CSR activities in Jharkhand
 To study the effect of CSR activities in
upliftment of Social Standards of
people of Jharkhand
Facts about Jharkhand
Jharkhand is a state in eastern
India. It was carved out of the
southern part of Bihar on 15
November 2000. Jharkhand shares its
border with the states of Bihar to the
north, Uttar Pradesh and Chhattisgarh
to the west, Orissa to the south, and
West Bengal to the east.
CSR Initiatives in Jharkhand
The discussions on CSR practices in Jharkhand
in its modern global terms, are relatively new
because, being a part of the global market, it is
difficult to ignore CSR standard specifically in
the manufacturing sector & Primary sector
which are more abundant as compared to other
sector. In Jharkhand, the status of labor rights
practices, environmental management and
transparency in corporate governance are not
satisfactory, largely due to poor enforcement
of existing laws and inadequate pressure from
civil society and interest groups like Consumer
Forums.
Major Players of CSR in
Jharkhand
Companies like SAIL & TATA have
been deeply involved with social
development initiatives in the
communities surrounding their
facilities.
CSR activities in Jharkhand include
the provision of full health and
education expenses for all employees
and the management of schools and
hospitals.
Need of CSR in Jharkhand
Business need to recognize the implications
of CSR for business activities. Companies
are facing the challenges of adapting
effectively to the changing environment in
the context of globalization and in
particular in the manufacturing sector
although Consumer Rights Movement,
enforcement of government regulations
and a structured view regarding the
economic importance of CSR are not yet so
widespread in the corporate world in
Jharkhand.
Scope of CSR in Jharkhand
CSR in Jharkhand can also contribute
a lot to community development. The
corporate house can develop the
community by creating employment,
providing primary education,
contribution to infrastructure
development like road and high-ways
and addressing environmental
concerns.
The scope include :Education
 Water Supply including Drinking
Water
 Health Care organizing health
awareness Camps
 Environment

Problems in implementation of
CSR in Jharkhand
Lack of enforcement of Industrial
Laws and Regulations, weak unions,
absence of consumer rights groups
and high level of corruption within the
regulatory bodies make CSR violation
rampant in Jharkhand.
Conclusions
In Jharkhand there are an existent
but small number of companies which
practice CSR. This engagement of the
Indian economy concentrates mainly
on a few old companies, and
corporate giants such as the Tata and
SAIL which have led the way in
making corporate social responsibility
an intrinsic part of their business
plans
Suggestions
On the basis of study undertaken following
points were suggested


The entire enforcement authority should
take firm steps for the implementation of
policies being formulated by govt.
There should be a definite framework of
rules and regulations for business houses
and govt. machinery with respect to CSR
activities.



The CSR evaluating system should be very
clear and adaptable
Awareness programme should be
organized by corporate houses, govt.
department etc to educate people about
the ongoing efforts so that more and more
coverage should be there.
The basic aim of CSR activities in
Jharkhand should be to develop the basic
infrastructure facility for the proper
implementation of policies.
Thank You