THE CHANGING HUMAN RIGHTS DIMENSION OF CORPORATE SOCIAL RESPONSIBILITY IN INDIA
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Keywords:
Corporate social responsibility, Companies Act, 2013 and human rightsAbstract
Human Rights are universally understood as " those inalienable rights of human beings which inherent in them just because they are human beings”. Though the principal responsibility for the respect, protection and fulfilment of international human rights standards lies with the individual sovereign states and international community at large, however, at the same time there is a mounting recognition that corporations also owe some level of responsibility towards protection of human rights.
In 2013, India adopted a new Companies Act that redefines corporate governance rules in India. Among its many provisions, the Act includes a mandate that medium-size and large companies must contribute 2 percent of their profits toward corporate social responsibility. This paper argues that these funds can be effectively utilised by the corporate sector in addressing human rights issues relating to education, health, environment and livelihoods through their corporate social responsibility interventions across the country.
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