With a consideration towards the strategy of inclusive growth, the new companies bill, 2013 has indirectly made CSR a mandatory obligation. Discuss the challenges expected in its implementation in right earnest. Also discuss other provisions in the bill and their implications. (150 Words, 10 Marks)
Posted inUPSC - Mains Solved Paper GS 3

With a consideration towards the strategy of inclusive growth, the new companies bill, 2013 has indirectly made CSR a mandatory obligation. Discuss the challenges expected in its implementation in right earnest. Also discuss other provisions in the bill and their implications. (150 Words, 10 Marks)

The enactment of the new Companies Bill in 2013 marked a significant shift towards fostering inclusive growth through Corporate Social Responsibility (CSR)