A Study on Corporate Social Responsibility during and After COVID-19 in India

Abstract

The COVID-19- a disease set off by coronavirus has been considered a worldwide pandemic by the World Health Organization (WHO). This infectious virus has tremendously affected the socio-economic conditions of the entire world. Social distancing assumes an essential function to alleviate the spread of this virus. The Government of India and state governments declared lockdowns throughout the nation in March 2020 to boost social distancing. The majority of the organizations in the Indian economy are assuming huge functions in acting as a guide to relieving the consequences of the ongoing pandemic. Here, comes the significance of Corporate Social Responsibility (CSR), which assumes a vital part in the age of this pandemic Coronavirus, where enterprises are attempting their level best to get past this enormous testing time. The core concept of corporate social responsibility is built around the sense of responsibility the businesses have towards the public at large. Companies in India have gone beyond their obligations commanded upon them via the Companies Act, 2013, and have proactively acted towards the general public in such perilous times. The Government of India is also encouraging the organizations to offer social help in this time of coronavirus. According to a report of the Ministry of Corporate Affairs dated March 23, 2020, all expenses identified with Coronavirus, will be considered as CSR expenditure. The paper talks about CSR in India and the activities which have been broadly performed by different organizations in India to satisfy their obligation towards the public during the pandemic. Moreover, the paper additionally illuminates the obstacles that the organizations have faced while satisfying their social duty. Finally, the paper endeavors to show the CSR trends in the post-COVID-19 world.