The collective way: Times Foundation takes lead in social responsibility project
TNN / Mar 02, 2017, 09:17 (IST)
Much before the Companies Act, 2013, introduced the concept of corporate social responsibility (CSR), companies and institutions had voluntarily taken up initiatives to address social and economic challenges faced by disadvantaged sections of the society. But this changed dramatically after the Act mandated companies to spend 2% of their net profit for CSR. With resources now mobilized, the focus has shifted to efficiency and sustainability of these activities.