This document discusses corporate social responsibility (CSR) activities of Bharat Heavy Electricals Limited (BHEL), with a focus on BHEL's Tiruchirappalli unit. It provides background on BHEL and defines key terms used to analyze CSR data. Tables show BHEL's total turnover, profit, and CSR spending from 2006-2013, with CSR amounts increasing from Rs. 37 million to over Rs. 37 billion over this period. Trend analysis finds CSR spending increased over 10,000% from 2006-2013. A second table presents similar data for just the Tiruchirappalli unit over the same period. The document reviews literature on CSR and lists many CSR activities undertaken by BHEL
Corporate social responsibility status in indiaTapasya123
In India from ancient time social responsibility is known as social duty or
charity, which is changing its nature in broader aspect, known as
Corporate Social Responsibility. Corporate Social Responsibility is defining
as a concept whereby companies integrate social and environmental
concerns in their business operations and in their interaction with their
stakeholders on a voluntary basis. Now a day’s organisations have realised
that ultimate goal is not profit making besides this trust building is viable
and assert able with societal relationship. Many of the leading companies
had realised the importance of being associated with social relevant causes
as a means of promoting their brand. Though, Indian companies are
practicing the Corporate Social Responsibility for decades but still it is at
its growth. A lack of understanding, inadequately trained personnel, policy
etc further adds to the reach and effectiveness of Corporate Social
Responsibility programs. This paper tries to focuses on the present status of
Corporate Social Responsibility in India.
In India from ancient time social responsibility is known as social duty or
charity, which is changing its nature in broader aspect, known as
Corporate Social Responsibility. Corporate Social Responsibility is defining
as a concept whereby companies integrate social and environmental
concerns in their business operations and in their interaction with their
stakeholders on a voluntary basis. Now a day’s organisations have realised
that ultimate goal is not profit making besides this trust building is viable
and assert able with societal relationship. Many of the leading companies
had realised the importance of being associated with social relevant causes
as a means of promoting their brand. Though, Indian companies are
practicing the Corporate Social Responsibility for decades but still it is at
its growth. A lack of understanding, inadequately trained personnel, policy
etc further adds to the reach and effectiveness of Corporate Social
Responsibility programs. This paper tries to focuses on the present status of
Corporate Social Responsibility in India.
Keywords: Corporate Social Responsibility, Organisations, Companies Act, Charity.
CSR at TATA Motors and Wipro_MMS_finance_03_social_projectABIAUGUSTINE1
This project report is the result of the learnings and techniques adopted by Abi Augustine during his winter project program which is a subject of Mumbai University MMS Semester IV.
The inspiration for this project titled “A Case Study On The Corporate Social Responsibility Of The Selected Indian Companies’’ is to study about the Corporate social responsibility of the selected Indian Companies and to make a highlight of the activities done by them in 2019 and also to make a comparison between the two.
Corporate Social Responsibility prevailed in India for a long time but it was considered as a part of philanthropy or charity. With the advent of Corporate Social Responsibility provisions, it has got the legal framework and is become a duty of the corporates to give back from the profits to the society, for the betterment and improvement of the society. With due consideration to the fact that “profitability” is the primary force and motivation for all the development on this front. Due to this the cut-throat competition increased between business and to then differentiate themselves companies are using the Corporate Social Responsibility provision to create a brand image and to gain loyal customers by putting light on the initiatives taken by them and how they are giving back to the society. Companies cannot rule out the fact that they survive because of the society and therefore equivalent importance should be given to the society as they do to their businesses. Thus the study has revealed that companies use their Corporate Social Responsibility policy to increase their profits.
Tata Motors and Wipro Limited
Stakeholders Perceptions regarding Usefulness of Corporate Social Responsibil...professionalpanorama
A business enterprise is considered as a social unit which conducts its activities within the
society; therefore, it is perceived that business houses should fulfil its responsibilities towards
society. Traditional management approaches have regarded the business unit as a robust
economic engine which drives shareholders wealth. But modern management approach has
hold that transparent economic and social progress should go hand in hand. This concept led
to the emergence of Corporate Social Reporting and Disclosure (CSRD). It provides better
understanding on social activities of a business towards various stakeholders like employees,
investors, consumers, government, suppliers, shareholders and the whole community which
helps an entity to make cordial relationship with its stakeholders. Unfortunately, despite of
increasing attention towards CSR, the development of CSRD is very slow especially in the
developing countries like India. There has been very little work which has studied how Indian
companies gratify perceived needs of different stakeholders for information relating to social
and environmental impacts. Thus, this paper aims at exploring the views and perceptions
amongst different stakeholders for evaluating the usefulness of corporate social reporting
and disclosure for them. The nature of study was descriptive research and data source was
primarily primary. It may also be termed as Ex post facto research because the researcher has
no control over the variables and has to report what has happened or what is happening.
Based on the research outcomes, some recommendations are suggested in relation to
corporate social reporting and disclosure practices in general and within Indian context in particular for future development of corporate social reporting and disclosures in transitional
economies like India.
Social Enterpreneurship: A Form of Social Responsibility in Indiaprofessionalpanorama
The social and economic hardships in India can be overcome through the innovation and
promotion of best practices and positive models as well as by spreading good examples of
social entrepreneurship and social responsibility. A major future challenge is not the proper
implementation of 2% Corporate Social Responsibility mandate but to ensure contribution of
businesses to reduce the problems and work for the betterment of the society by sustainable
means. The paper highlights the importance of social entrepreneurial ideas for improving the
business climate in the country. Social entrepreneurship is becoming a popular form of social
responsibility and a way to solve a variety of urgent social problems. In order for a society to
boost social entrepreneurship, it needs a specific environment where such ideas can emerge
and develop into an active business models. This paper aims to provide a comprehensive
literature review of terms social responsibility and social entrepreneurship. It also examines
the current social entrepreneurship activities in India. The paper concludes that social
entrepreneurship has a better impact and more desirable than Corporate Social
Responsibility.
An insight into the corporate social responsibility in India and understanding its roots and how serious industries are towards performing their Responsibilities towards society.
Corporate social responsibility status in indiaTapasya123
In India from ancient time social responsibility is known as social duty or
charity, which is changing its nature in broader aspect, known as
Corporate Social Responsibility. Corporate Social Responsibility is defining
as a concept whereby companies integrate social and environmental
concerns in their business operations and in their interaction with their
stakeholders on a voluntary basis. Now a day’s organisations have realised
that ultimate goal is not profit making besides this trust building is viable
and assert able with societal relationship. Many of the leading companies
had realised the importance of being associated with social relevant causes
as a means of promoting their brand. Though, Indian companies are
practicing the Corporate Social Responsibility for decades but still it is at
its growth. A lack of understanding, inadequately trained personnel, policy
etc further adds to the reach and effectiveness of Corporate Social
Responsibility programs. This paper tries to focuses on the present status of
Corporate Social Responsibility in India.
In India from ancient time social responsibility is known as social duty or
charity, which is changing its nature in broader aspect, known as
Corporate Social Responsibility. Corporate Social Responsibility is defining
as a concept whereby companies integrate social and environmental
concerns in their business operations and in their interaction with their
stakeholders on a voluntary basis. Now a day’s organisations have realised
that ultimate goal is not profit making besides this trust building is viable
and assert able with societal relationship. Many of the leading companies
had realised the importance of being associated with social relevant causes
as a means of promoting their brand. Though, Indian companies are
practicing the Corporate Social Responsibility for decades but still it is at
its growth. A lack of understanding, inadequately trained personnel, policy
etc further adds to the reach and effectiveness of Corporate Social
Responsibility programs. This paper tries to focuses on the present status of
Corporate Social Responsibility in India.
Keywords: Corporate Social Responsibility, Organisations, Companies Act, Charity.
CSR at TATA Motors and Wipro_MMS_finance_03_social_projectABIAUGUSTINE1
This project report is the result of the learnings and techniques adopted by Abi Augustine during his winter project program which is a subject of Mumbai University MMS Semester IV.
The inspiration for this project titled “A Case Study On The Corporate Social Responsibility Of The Selected Indian Companies’’ is to study about the Corporate social responsibility of the selected Indian Companies and to make a highlight of the activities done by them in 2019 and also to make a comparison between the two.
Corporate Social Responsibility prevailed in India for a long time but it was considered as a part of philanthropy or charity. With the advent of Corporate Social Responsibility provisions, it has got the legal framework and is become a duty of the corporates to give back from the profits to the society, for the betterment and improvement of the society. With due consideration to the fact that “profitability” is the primary force and motivation for all the development on this front. Due to this the cut-throat competition increased between business and to then differentiate themselves companies are using the Corporate Social Responsibility provision to create a brand image and to gain loyal customers by putting light on the initiatives taken by them and how they are giving back to the society. Companies cannot rule out the fact that they survive because of the society and therefore equivalent importance should be given to the society as they do to their businesses. Thus the study has revealed that companies use their Corporate Social Responsibility policy to increase their profits.
Tata Motors and Wipro Limited
Stakeholders Perceptions regarding Usefulness of Corporate Social Responsibil...professionalpanorama
A business enterprise is considered as a social unit which conducts its activities within the
society; therefore, it is perceived that business houses should fulfil its responsibilities towards
society. Traditional management approaches have regarded the business unit as a robust
economic engine which drives shareholders wealth. But modern management approach has
hold that transparent economic and social progress should go hand in hand. This concept led
to the emergence of Corporate Social Reporting and Disclosure (CSRD). It provides better
understanding on social activities of a business towards various stakeholders like employees,
investors, consumers, government, suppliers, shareholders and the whole community which
helps an entity to make cordial relationship with its stakeholders. Unfortunately, despite of
increasing attention towards CSR, the development of CSRD is very slow especially in the
developing countries like India. There has been very little work which has studied how Indian
companies gratify perceived needs of different stakeholders for information relating to social
and environmental impacts. Thus, this paper aims at exploring the views and perceptions
amongst different stakeholders for evaluating the usefulness of corporate social reporting
and disclosure for them. The nature of study was descriptive research and data source was
primarily primary. It may also be termed as Ex post facto research because the researcher has
no control over the variables and has to report what has happened or what is happening.
Based on the research outcomes, some recommendations are suggested in relation to
corporate social reporting and disclosure practices in general and within Indian context in particular for future development of corporate social reporting and disclosures in transitional
economies like India.
Social Enterpreneurship: A Form of Social Responsibility in Indiaprofessionalpanorama
The social and economic hardships in India can be overcome through the innovation and
promotion of best practices and positive models as well as by spreading good examples of
social entrepreneurship and social responsibility. A major future challenge is not the proper
implementation of 2% Corporate Social Responsibility mandate but to ensure contribution of
businesses to reduce the problems and work for the betterment of the society by sustainable
means. The paper highlights the importance of social entrepreneurial ideas for improving the
business climate in the country. Social entrepreneurship is becoming a popular form of social
responsibility and a way to solve a variety of urgent social problems. In order for a society to
boost social entrepreneurship, it needs a specific environment where such ideas can emerge
and develop into an active business models. This paper aims to provide a comprehensive
literature review of terms social responsibility and social entrepreneurship. It also examines
the current social entrepreneurship activities in India. The paper concludes that social
entrepreneurship has a better impact and more desirable than Corporate Social
Responsibility.
An insight into the corporate social responsibility in India and understanding its roots and how serious industries are towards performing their Responsibilities towards society.
Corporate social responsibility is contemplated as overarching strategy integrated into business operation, value-added chain and decision making approach across the corporate world. Infosys in ITC sector harmonizes with corporate ethics in the Indian corporate domain. This paper basically concentrates on how the activities of Infosys, the selected company endorses its responsibility towards society veraciously and how it precipitates its sustainable headway. The study is descriptive in nature and mobilizes mainly secondary data for the purpose. The results proffer that corporate social responsibility is a device of self-appraisal for the company in case of social audit which eventually emanates its sustainable survivability.
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Provisions for Corporate Social Responsibility in Companies Act, 2013RHIMRJ Journal
CSR as a concept has attracted worldwide attention and acquired a new resonance in the global economy Heightened
interest in CSR in recent years has stemmed from the advent of globalisation and international trade, which has reflected in
increased business complexity and new demands for enhanced transparency and corporate citizenship. Moreover, while
Governments have traditionally assumed the sole responsibility for the improvement of the living conditions of the population,
society’s needs have exceeded the capabilities of Governments to fulfill them. In this context, the spotlight is increasingly
turning to focus on the role of business in society and progressive companies are seeking to differentiate themselves through
engagement in what is referred to as CSR. The Companies Act, 2013 has taken one step ahead and introduced mandatory
provisions in the field of CSR. Though many believe that concerns on the new company law are manifold and it is a bold yet
not beautiful step. For instance, India Inc is concerned that the cost of board performance evaluation may outweigh the
benefits for many small companies in this regard. Also, it has concerns about the prospect of an over regulated regime and the
attendant scourge of corruption. Given the advantages and concerns on the new regulations introduced by the new Companies
Act, we all need to wait and watch once the companies start implementing the new provisions and therefore, the practical
aspects and implications will be evaluated thereafter.
Fiinovation Dnote Xpress, Issue #10, Jan 2015Fiinovation
#DNoteXpress : Culture of CSR
Dear Reader,
We are pleased to share with you that the 10th issue of “DNote Xpress” is out.
To find out what's new in this edition, please click - http://bit.ly/1LjtG2A
Corporate Social Responsibility in the Banks of Bangladesh in Context of Prem...Aminul Islam
The Internship Report entitled “Corporate Social Responsibility in the Banks of Bangladesh in Context of Premier Bank, Bangladesh”, has been submitted to the department, in partial fulfilment of the requirements for the degree of Bachelor of Business Administration, Major in International Business, Faculty of Business Administration on 5th August, 2014 by, Md. Aminul Islam, ID: 47. The report has been accepted for evaluation
Study of CSR Initiatives of Leading Information Technology Companies of India...Sunil Sood
Study of CSR Initiatives of Leading Information Technology Companies of India
Sunil Sood
Journal of Corporate Social Responsibility
Page No. 2 / Vol. 5 / Issue-2
Corporate Social Responsibility (CSR) is a growing force, with companies around the world increasingly recognizing the need to invest in the
communities and institutions that make their success possible. Earlier, the
companies were focused on increasing “Profits” but the recent developments
of activism in the last few decades influenced by the increasing globalization, environmental issues, awakening of public at large with spread of information & knowledge and other such factors have changed this
perception of Corporate's role, putting it in the wider societal context of which it is a part of.
CSR in India got a fresh impetus with the passing of the Companies Act, 2013 which makes it mandatory for companies with a certain threshold of turnover
/profits, to spend 2% of their average profits on various CSR activities. While
few countries in the world have mandatory laws for CSR reporting (like in
Australia, Norway, Denmark, Holland, France, Sweden), however, India is
the first country to have made it mandatory under law, for reporting plus
spending.
Of the various sectors comprising any economy, the Information Technology
(I.T sector)stands apart, being knowledge & services driven industry.
This paper makes an attempt to understand the CSR approach of the I.T sector in India & the choice of CSR activities undertaken by them.
The approach adopted by the I.T companies reflects that there is a broad spread of activities undertaken by them for fulfilling their CSR requirements.
A closer look reveals that the priority sectors which have got their attention, in the
increasing order of importance are:(1) Promotion of Education (2) Eradicating
hunger, poverty & malnutrition (3) Healthcare.
The study shows that Education is the first priority for making CSR spends for top Indian I.T companies, which is making a huge difference to the lives of millions now.
It can be understood that by spending on Education through these CSR initiatives,
the companies build a positive image as being concerned about the younger
generations and a hopeful future.
Corporate social responsibility is contemplated as overarching strategy integrated into business operation, value-added chain and decision making approach across the corporate world. Infosys in ITC sector harmonizes with corporate ethics in the Indian corporate domain. This paper basically concentrates on how the activities of Infosys, the selected company endorses its responsibility towards society veraciously and how it precipitates its sustainable headway. The study is descriptive in nature and mobilizes mainly secondary data for the purpose. The results proffer that corporate social responsibility is a device of self-appraisal for the company in case of social audit which eventually emanates its sustainable survivability.
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Provisions for Corporate Social Responsibility in Companies Act, 2013RHIMRJ Journal
CSR as a concept has attracted worldwide attention and acquired a new resonance in the global economy Heightened
interest in CSR in recent years has stemmed from the advent of globalisation and international trade, which has reflected in
increased business complexity and new demands for enhanced transparency and corporate citizenship. Moreover, while
Governments have traditionally assumed the sole responsibility for the improvement of the living conditions of the population,
society’s needs have exceeded the capabilities of Governments to fulfill them. In this context, the spotlight is increasingly
turning to focus on the role of business in society and progressive companies are seeking to differentiate themselves through
engagement in what is referred to as CSR. The Companies Act, 2013 has taken one step ahead and introduced mandatory
provisions in the field of CSR. Though many believe that concerns on the new company law are manifold and it is a bold yet
not beautiful step. For instance, India Inc is concerned that the cost of board performance evaluation may outweigh the
benefits for many small companies in this regard. Also, it has concerns about the prospect of an over regulated regime and the
attendant scourge of corruption. Given the advantages and concerns on the new regulations introduced by the new Companies
Act, we all need to wait and watch once the companies start implementing the new provisions and therefore, the practical
aspects and implications will be evaluated thereafter.
Fiinovation Dnote Xpress, Issue #10, Jan 2015Fiinovation
#DNoteXpress : Culture of CSR
Dear Reader,
We are pleased to share with you that the 10th issue of “DNote Xpress” is out.
To find out what's new in this edition, please click - http://bit.ly/1LjtG2A
Corporate Social Responsibility in the Banks of Bangladesh in Context of Prem...Aminul Islam
The Internship Report entitled “Corporate Social Responsibility in the Banks of Bangladesh in Context of Premier Bank, Bangladesh”, has been submitted to the department, in partial fulfilment of the requirements for the degree of Bachelor of Business Administration, Major in International Business, Faculty of Business Administration on 5th August, 2014 by, Md. Aminul Islam, ID: 47. The report has been accepted for evaluation
Study of CSR Initiatives of Leading Information Technology Companies of India...Sunil Sood
Study of CSR Initiatives of Leading Information Technology Companies of India
Sunil Sood
Journal of Corporate Social Responsibility
Page No. 2 / Vol. 5 / Issue-2
Corporate Social Responsibility (CSR) is a growing force, with companies around the world increasingly recognizing the need to invest in the
communities and institutions that make their success possible. Earlier, the
companies were focused on increasing “Profits” but the recent developments
of activism in the last few decades influenced by the increasing globalization, environmental issues, awakening of public at large with spread of information & knowledge and other such factors have changed this
perception of Corporate's role, putting it in the wider societal context of which it is a part of.
CSR in India got a fresh impetus with the passing of the Companies Act, 2013 which makes it mandatory for companies with a certain threshold of turnover
/profits, to spend 2% of their average profits on various CSR activities. While
few countries in the world have mandatory laws for CSR reporting (like in
Australia, Norway, Denmark, Holland, France, Sweden), however, India is
the first country to have made it mandatory under law, for reporting plus
spending.
Of the various sectors comprising any economy, the Information Technology
(I.T sector)stands apart, being knowledge & services driven industry.
This paper makes an attempt to understand the CSR approach of the I.T sector in India & the choice of CSR activities undertaken by them.
The approach adopted by the I.T companies reflects that there is a broad spread of activities undertaken by them for fulfilling their CSR requirements.
A closer look reveals that the priority sectors which have got their attention, in the
increasing order of importance are:(1) Promotion of Education (2) Eradicating
hunger, poverty & malnutrition (3) Healthcare.
The study shows that Education is the first priority for making CSR spends for top Indian I.T companies, which is making a huge difference to the lives of millions now.
It can be understood that by spending on Education through these CSR initiatives,
the companies build a positive image as being concerned about the younger
generations and a hopeful future.
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
From Philanthropy to Mandatory CSR: A Journey towards Mandatory Corporate So...inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Stakeholders perceptions regarding usefulness of corporate socialTapasya123
A business enterprise is considered as a social unit which conducts its activities within the
society; therefore, it is perceived that business houses should fulfil its responsibilities towards
society. Traditional management approaches have regarded the business unit as a robust
economic engine which drives shareholders wealth. But modern management approach has
hold that transparent economic and social progress should go hand in hand. This concept led
to the emergence of Corporate Social Reporting and Disclosure (CSRD). It provides better
understanding on social activities of a business towards various stakeholders like employees,
investors, consumers, government, suppliers, shareholders and the whole community which
helps an entity to make cordial relationship with its stakeholders. Unfortunately, despite of
increasing attention towards CSR, the development of CSRD is very slow especially in the
developing countries like India. There has been very little work which has studied how Indian
companies gratify perceived needs of different stakeholders for information relating to social
and environmental impacts. Thus, this paper aims at exploring the views and perceptions
amongst different stakeholders for evaluating the usefulness of corporate social reporting
and disclosure for them. The nature of study was descriptive research and data source was
primarily primary. It may also be termed as Ex post facto research because the researcher has
no control over the variables and has to report what has happened or what is happening.
Based on the research outcomes, some recommendations are suggested in relation to
corporate social reporting and disclosure practices in general and within Indian context in particular for future development of corporate social reporting and disclosures in transitional
economies like India.
A Study on Linkage between Corporate Social Responsibility and Return on Net ...iosrjce
The purpose of the present paper is to study the linkage of CSR initiatives taken by the Indian
companies and its impact on their RONW. For this purpose, various financial parameters have been used like
Return on net worth, profit before tax and earning per share. Researchers have taken a sample of 5 private
companies namely Tata Steel Company, RIL, Mahindra & Mahindra, Infosys and Larsen and Toubro to
examine the relationship between corporate social responsibility and RONR by considering their financial
statement of five years (from March 2010 to March 2014). The logic behind to take such samples is that these
are big private key players with respect to Indian business. After getting all the data, an analysis on the
relationship between CSR and other financial parameters like EPS, PBT and RONR are tested by Regression
analysis and ANOVA. Irrespective of this general outcome, the current study depicts evidence that there is a
insignificant relationship between CSR and Return on Net Worth (RONR) in case of these companies.
CSR has a long history associated with it impacts on organizations behavior. CSR is originally considered an American and European concept. During the 1990s the idea of CSR became almost universally approved, also CSR was coupled with strategy literature and finally, in the 2000s.
In India as in the rest of the world there is a growing realization the capital markets and corporations are. After all, created by society and must therefore serve it, not merely profit from it. And those consumers and citizens campaigns can make all the difference.
For over 50 years, Hindalco has worked in the hinterlands of India to better the quality of life of the underprivileged sections of society. This study is undertaken to provide a systematic analysis of:
This article talks about India’s Competitiveness Edge - A Study of the Role of Corporate Social Responsibility. It has been co- authored by Dr. Uday Salunkhe, Director of the prestigious Welingkar Institute of Management and Research.
INTERNATIONAL TRADE OF EXPORT AND IMPORT DURING COVID-19 PANDEMIC IN INDIAN E...chelliah paramasivan
International trade is a major concept welfare of labour intensive, capital, investment and technology resources promote marketing background throughout world. International trade exchanges of goods and services between countries developing economy inflation. International trade is exchanges of capital good and consumed product transfer across the international borders or territiores. International trade is lockdown period faliure of commercial activities not supply of home appliance products, natural resources during COVID-19 pandemic in Indian economy. Government of India not finalised the export and import extend the marketing network, working capital and reduction of economy growth rate. This paper highlighted is international trade of export and import during COVID-19 pademic in Indian economy.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI Corporate social responsibility of bhel with respect to tiruchirappalli
1. IJCISS Vol.2 Issue-07, (July, 2015) ISSN: 2394-5702
International Journal in Commerce, IT & Social Sciences (Impact Factor: 2.446)
A Monthly Double-Blind Peer Reviewed Refereed Open Access International e-Journal - Included in the International Serial Directories
International Journal in Commerce, IT & Social Sciences
http://www.ijmr.net.in email id- irjmss@gmail.com Page 24
CORPORATE SOCIAL RESPONSIBILITY OF BHEL WITH RESPECT TO TIRUCHIRAPPALLI
Dr. C. Paramasivan, Ph.D.,
Assistant Professor
S. Savarimuthu
Assistant Professor
New Ideal College of Education, Tiruchirappalli – 9.
&
Ph.D. Research Scholar (P/T)
Department of Commerce, Periyar EVR College (Autonomous),
Tiruchirappalli – 23.
Abstract
The term became popular in the 1960’s and has remained a term used indiscriminately by
many to cover legal and moral responsibility more narrowly construed. World business council for
sustainable development regards Corporate Social Responsibility as engine for the social dimension
which supports companies to fulfill their responsibilities as good citizens and defines Corporate Social
Responsibility as business commitment to contribute to sustainable economic development, working
with employees, their families, local community and society at large to improve their quality of life
(WBCSD, 2006). This paper attempts to discuss the nature of Corporate Social Responsibility, profile
of BHEL in whole as well as in particular of Tiruchirappalli unit, Turnover, Profit After Tax and amount
sanctioned to Corporate Social Responsibility by BHEL during the study period.
Key words:Corporate Social Responsibility, BHEL, turnover, PBT, PAT, Trend Analysis
Introduction
Corporate Social Responsibility means putting something back into the society or giving back
to the society. Corporate Social Responsibility is the commitment of business to contribute to
sustainable economic development working with employees, their families, local community, and
the society to improve the quality of life in ways that are good for business and good for
development. Corporate Social Responsibility covers the responsibilities of corporations or other
profit organizations that contribute to the societies. It is basically a concept whereby companies
decide voluntarily to contribute to a better society and a cleaner environment. It is also represented
by the contributions undertaken by companies to society through its business activities and its social
investment.(Anil PrasandBandela2013)With this view, Corporate Social Responsibility becomes a
popular and powerful instrument to nurture the social commitments as well as reputation of the
companies. BHEL is one of the leading public sector undertakings, which concentrate more on
Corporate Social Responsibility.
Corporate Social Responsibility
Business is always associated with the number of stakeholders in the society, such as
employees, suppliers, customers, shareholders creditors and the general public. Therefore, there
should be an expectation from the business with respect to socio-economic aspects. The voluntary
compliance of social and ecological responsibility of companies and other profit organizations is
called Corporate Social Responsibility. Corporate Social Responsibility is also referred to as:
Corporate or Business Responsibility
Corporate or Business Citizenship
Community Relations
Social Responsibility
Corporate Social Responsibility can cover any number of activities related to environment
protection, labor security, human rights and community development, enterprise and economic
development, promoting healthcare, education, leadership development, disaster relief etc. It is an
efficient concept to solve community problems using company’s expertise. (Archie B. Carroll, 1999)
Thus, Corporate Social Responsibility is business responsibility and an organization's response on
2. IJCISS Vol.2 Issue-07, (July, 2015) ISSN: 2394-5702
International Journal in Commerce, IT & Social Sciences (Impact Factor: 2.446)
A Monthly Double-Blind Peer Reviewed Refereed Open Access International e-Journal - Included in the International Serial Directories
International Journal in Commerce, IT & Social Sciences
http://www.ijmr.net.in email id- irjmss@gmail.com Page 25
environmental, ethical, social and economic issues. It is also concerned with treating the internal
and external stakeholders ethically and in a socially responsible manner while preserving the
profitability of the company.
Review of literature:
Sobha rani. T (2013) highlighted that corporate organizations enjoying the fruits of
strengthening their brand position increased sales market share and so on. So they made a study to
understand the status and progress and initiatives made by large firms of India in the context of
policy framing and implementation. This study provided insights into an area of growing concern of
firms towards society. The need of the hour is for the development of framework that has been
imposed by the Government.
TridivHazarika (2012)has suggested that Corporate Social Responsibility has become an
often used corporate jargon, which is still in the process of evolution in terms of its dynamic
interpretation, eliciting disparate perspectives from diverse target audience. Corporate Social
Responsibility continues to be more often associated with community development initiatives as
reflected in the case of two oil and gas Public Sector Companies, where sustainability, corporate
governance, human rights, Supply chain management etc., which are key elements of Corporate
Social Responsibility are dealt with independent of Corporate Social Responsibility.
Vishwanand.P and Jain. G.K (2011) concluded that the Indian banking sector has not
developed, as it is developed in other countries. The corporate sector will be able to obtain the loans
at a low rate if efficiency in financial intermediation improved a lot. Financial intermediation is the
ability to match the demand for loan-able funds with supply of such funds at a reasonable price.
More efficient allocation of resources through greater competition and elimination of regulatory
forbearance needs speedy progress in bank divestiture.
RichaGautamand Anju Singh (2010) have found that Corporate Social Responsibility is now
presented as a comprehensive business strategy, arising mainly from performance considerations
and stakeholder pressure. Today’s economic framework gives little encouragement for companies to
consider the long term essence of true sustainable development. There is a need to increase the
understanding and active participation of business in equitable social development as an integral
part of good business practice.
NeetuKwatra(2012) has examined the role of public sector in fulfilling social responsibly and
where they should take care to remain themselves in the society. The paper opens with a discussion
of the nature and role of Corporate for society. Indian Oil is the first Indian public sector company
which has formally related its expenditure towards the social responsibilities with its profit. There is
no separate organizational structure in Indian Oil for planning and implementation of the
programmes related with the corporate social responsibility. This task has been assigned to the
executives of Human Resource Department in addition to their own duties.
NehaPuriand ShurtiAhok (2013) has observed that the present societal marketing concept
of companies is constantly evolving and has given rise to a new concept. They examined the concept
of firms sacrificing profits in the social interest within the environmental realm. Although the
analysis of goodwill and quality of different initiatives within the umbrella of Corporate Social
Responsibility is challenging, an attempt can be made to fulfill the social responsibility.
Bharath Heavy Electricals Limited
Bharath Heavy Electricals Limited (BHEL) is one of the largest engineering and
manufacturing enterprises in India. It was one of the leading international companies in the field of
power equipment measures. The planning board felt the requirement for electrical machinery in
India in the year 1947.The first plant of Bharat Heavy Electricals Limited (BHEL) was set up in Bhopal
in 1956. In November 1964, three more Bharat Heavy Electrical Limited were established and plants
at Haridwar, Hyderabad and Tiruchirappalli were set up.
BHEL manufactured over 180 products under thirty major groups. The quality and reliability
of its products were due to the accent on designing, engineering and manufacturing according to
international standards. This was best acquired by adopting some of the best technologies from
3. IJCISS Vol.2 Issue-07, (July, 2015) ISSN: 2394-5702
International Journal in Commerce, IT & Social Sciences (Impact Factor: 2.446)
A Monthly Double-Blind Peer Reviewed Refereed Open Access International e-Journal - Included in the International Serial Directories
International Journal in Commerce, IT & Social Sciences
http://www.ijmr.net.in email id- irjmss@gmail.com Page 26
leading companies in the world together with technologies developed in its own R&D centers. The
company primarily operated in India, where its headquarters was New Delhi. Now with a widespread
network of 17 manufacturing units, 2 repair units, 4 regional offices, 8 service centres, 8 overseas
offices, 15 regional centers and 7 joint ventures to execute more than 150 project sites across India
& abroad, BHEL provided products, systems and services to customers efficiently at viable prices.
BHEL, Tiruchirappalli
There are a no. of public sector limited companies in Tiruchirappalli district. BHEL, OFT,
HAPP, and railway workshop were the major industries, which focus on Corporate Social
Responsibility. BHEL, Tiruchirappalli was the largest public sector engineering company it was
established in 1964 and situated at Tiruchirappalli – Thanjavur highway road around 20 kms from
Tiruchirappalli central bus stand. 12,000 employees are working in this organisation on permanent
basis and around 4,000 employees are working on contract basis. It has an area of 2,50,000 sq.
meters. The product profile includes,
High Pressure Boiler Plant (HPBP)
Seamless Steel Tube Plant (SSTP)
Combined Cycle Demonstration Plant (CCDP)
Boiler Auxiliaries plant of Ranipet and piping centre of Madras (Chennai) and Goinwal come under
the control of Tiruchirappalli unit.
Corporate Social Responsibility activities in BHEL, Tiruchirappalli
BHEL is one of the important corporate sectors in Tiruchirappalli which mainly focuses on
Corporate Social Responsibility activities. Here are some of the Corporate Social Responsibility
activities done in BHEL.
Academy of Higher Education
Training in Disaster Management
Water Harvesting Plant, Installation of Water Purifier and Syntex water tank .
Biogas Project.
Repair of Solar water heater.
Installation of Solar Street Light, Solar Home Light for Village and Schools
Central Oxygen Supply System in OT & wards.
Computer Education and Computer Lab for Village and Schools
Adoption of a remote and underdeveloped village
Sponsoring feeding cost of animals at Govt. Zoo,
Bore wells
School uniforms and bags, library books to BPL students.
Scholarship to students from BPL families
Furniture, sports materials to schools and colleges
Toilets for Village and Schools
Financial assistance to differently abled children
Training the Trainers
Create employability for unemployed from BPL community
Provide a paper cup making machine
Compound wall
Construct class rooms and other infrastructure
Conduct medical camps in villages and schools
Promotion of art and culture activities
Promotion of national level or state level sports
Construction of a bathing ghat on Cauvery River
Land Scalping & Beautification of Campus, Beautification of roundtana at city
Construct Primary Health Centre to village
Community hall for village
4. IJCISS Vol.2 Issue-07, (July, 2015) ISSN: 2394-5702
International Journal in Commerce, IT & Social Sciences (Impact Factor: 2.446)
A Monthly Double-Blind Peer Reviewed Refereed Open Access International e-Journal - Included in the International Serial Directories
International Journal in Commerce, IT & Social Sciences
http://www.ijmr.net.in email id- irjmss@gmail.com Page 27
Provide vocational support to drown trodden women
Donate transport facilities to schools
Supporting to technical skill development and advanced technical education by covering ITI,
Diploma, BE and B.Tech. Students from BPL family.
Terms used for analysis
The following are the major terms which are used to analyze the available data relating to
Corporate Social Responsibility of BHEL on the whole and particular to Tiruchirappalli unit.
Turnover
Turnover is the amount of money taken by a business in a particular period. Turnover is the
income that a company receives from its normal business activities, usually from the sale of goods
and services to customers.
Profit after tax (PAT)
Profit after tax means the net profit earned by the company after deducting all expenses like
interest, depreciation and tax.
Profit before tax (PBT)
PBT is a profitability measure that looks at a company's profits before the company has to
pay corporate income tax.
Trend percentage
A trend percentage is a type of horizontal analysis that shows a change in a financial
statement account over a period of time. The first, or earliest, year of the trend is the base year,
with which you compare the amounts in each subsequent year.
Sanctioned amount
TABLE:1
Turnover, Profit After tax and amount sanctioned for Corporate Social Responsibility
Source: BHEL Annual Report 2006-07 - 2012-13
Table No. 1 reveals the turnover, profit after tax and amount sanctioned for Corporate Social
Responsibility of the BHEL. In the year 2006-07 turnover amounted to Rs18739 crore, of which profit
after tax was Rs. 2415 crore. In the year 2007-08 turnover amounted to Rs. 21401crore, of which
profit after tax was Rs. 2859 crore. In the year 2008-09 turnover amounted to Rs. 28033 crore, of
which profit after tax was Rs. 3138 crore. In the year 2009-10 turnover amounted to Rs. 34154 crore,
of which profit after tax wasRs. 4311 crore. In the year 2010-11 turnover amounted to Rs. 43337
crore, of which profit after tax wasRs. 6011 crore. In the year 2011-12 turnover amounted to Rs.
49510 crore, of which profit after tax wasRs. 7040 crore. In the year 2012-13 turnover amounted to
Rs. 50156 crore, of which profit after tax wasRs. 6615crore.
In the year 2006-07, BHEL, sanctioned amount for Corporate Social Responsibility wasRs.
37,00,000 which has been increased to Rs. 6,32,00,000 in the year 2007-08. Corporate Social
S.No. Year
Gross
Turnover (
In Crore)
Profit After
Tax
( In Crore)
CSR
Sanctioned Amount
( In Crore)
Trend Percentage
1 2006-07 18739 2415 0.37 100.00
2 2007-08 21401 2859 6.32 1708.11
3 2008-09 28033 3138 3.00 810.81
4 2009-10 34154 4311 4.01 1083.78
5 2010-11 43337 6011 21.55 5824.32
6 2011-12 49510 7040 36.47 9856.76
7 2012-13 50156 6615 37.96 10259.46
5. IJCISS Vol.2 Issue-07, (July, 2015) ISSN: 2394-5702
International Journal in Commerce, IT & Social Sciences (Impact Factor: 2.446)
A Monthly Double-Blind Peer Reviewed Refereed Open Access International e-Journal - Included in the International Serial Directories
International Journal in Commerce, IT & Social Sciences
http://www.ijmr.net.in email id- irjmss@gmail.com Page 28
Responsibility sanctioned Rs. 3 Lakhs in the year 2008-09, Rs. 4.01 Crores in the year 2009-10, Rs.
21.55 Crores in the year 2010-11, Rs. 36.47 Crores in the year 2011-12, Rs. 37.96 Crores in the year
2012-13.
Trend percentage of the Corporate Social Responsibility for the sanctioned amount of BHEL
for the year 2006-07 to 2012-13:-2006-07 taken as base year with 100 it has increased to 1708.11 in
the year 2007-08,810.81 in the year 2008-09,1083.78 in the year 2009-10, 5824.32 in the year 2010-
11, 9856.76 in the year 2011-12, 10259.46 in the year 2012-13.
Highest trend percentages (10259.46) were recorded in 2012-13 and a lowest trend
percentage (810.81) was recorded in the year 2008-09.
TABLE: 2
Turnover, Profit After tax and amount sanctioned for Corporate Social Responsibility by BHEL,
TiruchirappalliUnit
S.No Year
Turnover (
In Crore)
Profit Before
Tax
( In Crore)
CSR
Sanctioned
Amount ( )
Trend
Percentage
1 2006-07 4,575 804 5,00,000 100
2 2007-08 5,554 1,512 9,00,000 180
3 2008-09 7,413 1,603 17,00,000 340
4 2009-10 10,009 2,510 42,30,000 846
5 2010-11 12,275 3,250 1,03,00,000 2060
6 2011-12 16,000 3,172 1,05,15,660 2103
7 2012-13 15,000 3,193 1,54,58,000 3091
Source: www.financial report of Tiruchirappalli bhel.com
Table No. 2 reveals the turnover, profit before tax and amount sanctioned for Corporate
Social Responsibility of the BHEL, Tiruchirappalli unit. In the year 2006-07 turnover amounted to Rs.
4575 crore, of which profit before tax wasRs. 804 crore. In the year 2007-08 turnover amounted to
Rs.5,554crore, of which profit before tax wasRs. 1,512crore. In the year 2008-09 turnover amounted
to Rs. 7,413 crore, of which profit before tax wasRs. 1,603 crore. In the year 2009-10 turnover
amounted to Rs. 10,008 crore, of which profit before tax was Rs. 2,510 crore. In the year 2010-11
turnover amounted to Rs. 12,275 crore, of which profit before tax wasRs. 3,250 crore. In the year
2011-12 turnover amounted to Rs. 16,000crore, of which profit before tax wasRs. 3,172crore. In the
year 2012-13 turnover amounted to Rs. 15,000crore, of which profit before tax wasRs. 3,193 crore.
In the year 2006-07, BHEL, Tiruchirappalli unit is sanctioned amount for Corporate Social
Responsibility was Rs. 5,00,000 which was increased to Rs. 9,00,000 in the year 2007-08. Corporate
Social Responsibility sanctioned Rs. 17,00,000 in the year 2008-09, Rs. 42,30,000 in the year 2009-
10, Rs. 1.03 Crores in the year 2010-11, Rs. 1,05,15,660 in the year 2011-12, Rs. 1,54,58,000 in the
year 2012-13.
Trend percentage of the Corporate Social Responsibility for the sanctioned amount of BHEL
for the year 2006-07 to 2012-13:- 2006-07 taken as base year with 100 it has increased to 180 in the
year 2007-08,340 in the year 2008-09,846 in the year 2009-10, 2060 in the year 2010-11, 2103 in the
year 2011-12, 3091in the year 2012-13.
Highest trend percentages (3091) were recorded in the year 2012-13 and a lowest trend
percentage (180) was recorded in the year 2007-08.
6. IJCISS Vol.2 Issue-07, (July, 2015) ISSN: 2394-5702
International Journal in Commerce, IT & Social Sciences (Impact Factor: 2.446)
A Monthly Double-Blind Peer Reviewed Refereed Open Access International e-Journal - Included in the International Serial Directories
International Journal in Commerce, IT & Social Sciences
http://www.ijmr.net.in email id- irjmss@gmail.com Page 29
TABLE: 3
Sanctioned Amount for Corporate Social Responsibility by BHEL
Source: Corporate Social Responsibility activities of TiruchirappalliBHEL, HRM Department,
BHEL Annual Report2006-07 - 2012-13
Table No.3 reveals the sanctioned amount for Corporate Social Responsibility by BHEL,
Tiruchirappalli unit compared with overall performance of BHEL.In the year 2006-07, Rs. 37,00,000
was sanctioned for Corporate Social Responsibility of which Rs. 5,00,000 wasby BHEL, Tiruchirappalli
unit. It shows 13.51 percent of the total sanctioned amount to Corporate Social Responsibility was
by BHEL. In the year 2007-08, Rs. 6,32,00,000wassanctioned for Corporate Social Responsibility of
which Rs. 9,00,000was by BHEL, Tiruchirappalli unit. It shows 1.42 percent of the total sanctioned
amount to Corporate Social Responsibility was by BHEL. In the year 2008-09, Rs.
3,00,00,000wassanctioned for Corporate Social Responsibility of which Rs. 17,00,000 wasby BHEL,
Tiruchirappalli unit. It shows 5.67 percent of the total sanctioned amount to Corporate Social
Responsibilitywasby BHEL. In the year 2009-10, Rs. 4,01,00,000wassanctioned for Corporate Social
Responsibility of which Rs. 42,30,000was by BHEL, Tiruchirappalli unit. It shows 10.55 percent of the
total sanctioned amount to Corporate Social Responsibility was by BHEL. In the year 2010-11, Rs.
21,55,00,000wassanctioned for Corporate Social Responsibility of which Rs. 1,03,00,000 wasby BHEL,
Tiruchirappalli unit. It shows 4.78 percent of the total sanctioned amount to Corporate Social
Responsibility wasby BHEL. In the year 2011-12, Rs. 36,47,00,000wassanctioned for Corporate Social
Responsibility of which Rs. 1,05,15,660was by BHEL, Tiruchirappalli unit. It shows 2.88 percent of the
total sanctioned amount to Corporate Social Responsibility was by BHEL. In the year 2012-13, Rs.
37,96,00,000wassanctioned for Corporate Social Responsibility of which Rs. 1,54,58,000 wasby BHEL,
Tiruchirappalli unit. It shows 4.07 percent of the total sanctioned amount to Corporate Social
Responsibility wasby BHEL.
The highest percentage (13.51%) of amount was sanctioned for Corporate Social
Responsibility in 2006-07 and the lowest percentage (2.88%) in the 2011-12 as compared to total
sanctioned amount of Corporate Social Responsibility by BHEL on the whole.
S.No Year
CSR Sanctioned Amount ( )
%
BHEL (Tiruchirappalli Unit) BHEL (Head)
1 2006-07 5,00,000 37,00,000 13.51
2 2007-08 9,00,000 6,32,00,000 1.42
3 2008-09 17,00,000 3,00,00,000 5.67
4 2009-10 42,30,000 4,01,00,000 10.55
5 2010-11 1,03,00,000 21,55,00,000 4.78
6 2011-12 1,05,15,660 36,47,00,000 2.88
7 2012-13 1,54,58,000 37,96,00,000 4.07
7. IJCISS Vol.2 Issue-07, (July, 2015) ISSN: 2394-5702
International Journal in Commerce, IT & Social Sciences (Impact Factor: 2.446)
A Monthly Double-Blind Peer Reviewed Refereed Open Access International e-Journal - Included in the International Serial Directories
International Journal in Commerce, IT & Social Sciences
http://www.ijmr.net.in email id- irjmss@gmail.com Page 30
TABLE: 4
Amount spent for Corporate Social Responsibility by BHEL, Tiruchirappalli
Source: Corporate Social Responsibility activities of Tiruchirappalli BHEL, HRM Department
The above table indicates the amount spent for Corporate Social Responsibility activities by
Tiruchirappalli unit during the study period 2006-07 to 2012-13. Rs. 2,58,46,000 were spent to
education sector which constitutes 59.28 percent of the total sanctioned amount. Rs. 19,40,000
were spent to Health Care sector which constitutes 4.45 percent of the total sanctioned amount.
Rs. 26,00,000 were spent to Women Empowerment sector which constitutes 5.96percent of the
total sanctioned amount. Rs. 60,00,000 were spent to Village Development sector which
constitutes13.76 percent of the total sanctioned amount. Rs. 2,97,660 were spent to Animal Care
which constitutes0.68 percent of the total sanctioned amount. Rs. 26,80,000 were spent to Sports
sector which constitutes6.15 percent of the total sanctioned amount. Rs. 5,00,000 were spent to
Cultural Activity sector which constitutes1.15 percent of the total sanctioned amount. Rs. 31,30,000
were spent to Skill Development sector which constitutes7.18 percent of the total sanctioned
amount. Rs. 6,10,000 were spent to others sector which constitutes1.40 percent of the total
sanctioned amount.
On the whole Rs. 4,36,03,660 were spent for Corporate Social Responsibility activities by
BHEL during the study period 2006-07 to 2012-13. A maximum of amount was spent to education
sector (59.28%) and a minimum of amount was spent to animal care (0.68%) from the sanctioned
amount of Corporate Social Responsibility by BHEL.
Findings & suggestions
The following are the major findings and suggestions formulated based on the available information
and its analysis with the statistical tools,
Business is always associated with the number of stake holders in the society. Corporate
Social Responsibility becomes a popular and powerful instrument to nurture the social
commitments as well as reputation of the companies. Corporate Social Responsibility
covers the responsibilities of corporations or other profit organizations that contribute to
the societies. It is basically a concept whereby companies decide voluntarily to contribute
to a better society and a cleaner environment. Therefore the companies must consider and
concentrate more on Corporate Social Responsibility activities as mandatory part of their
regular work.
Bharath Heavy Electricals Limited (BHEL) is one of the largest engineering and
manufacturing enterprises in India. BHEL manufactured over 180 products under thirty
major groups. The quality and reliability of its products are due to the accent on designing,
engineering and manufacturing according to international standards. BHEL, Tiruchirappalli
is the largest public sector engineering company.It was established in 1964. The product
profile includes, High Pressure Boiler Plant (HPBP), Seamless Steel Tube Plant (SSTP), and
Combined Cycle Demonstration Plant (CCDP). Though BHEL is one of the Navaratna Central
S.No. Activity wise Amount Spent ( ) % of Total
1 Education 2,58,46,000 59.28
2 Health Care 19,40,000 4.45
3 Women Empowerment 26,00,000 5.96
4 Village Development 60,00,000 13.76
5 Animal Care 2,97,660 0.68
6 Sports 26,80,000 6.15
7 Cultural Activity 5,00,000 1.15
8 Skill Development 31,30,000 7.18
9 Others 6,10,000 1.40
Total 4,36,03,660 100
8. IJCISS Vol.2 Issue-07, (July, 2015) ISSN: 2394-5702
International Journal in Commerce, IT & Social Sciences (Impact Factor: 2.446)
A Monthly Double-Blind Peer Reviewed Refereed Open Access International e-Journal - Included in the International Serial Directories
International Journal in Commerce, IT & Social Sciences
http://www.ijmr.net.in email id- irjmss@gmail.com Page 31
Public Sector Enterprises, it has been more social commitment because they take all
resources from here itself.
Highest trend percentages (10259.46) were recorded in 2012-13 and the lowest trend
percentage (810.81) were recorded in the year 2008-09.BHELL Tiruchirappalli unit is one of
the landmarks of the Tiruchirappalli which provides huge employment opportunities,
assists ancillary industries and supports overall development of the particular region of the
district. Therefore, Corporate Social Responsibility activities performed by the BHELL
Tiruchirappalli should be popularized through viable media.
As regards the amount sanctioned for Corporate Social Responsibility by BHEL, the highest
trend percentages (3091) were recorded in the year 2012-13 and a lowest trend percentage
(180) was recorded in the year 2007-08.
As regards the amount sanctioned for Corporate Social Responsibility by BHEL,
Tiruchirappalli Unit, the highest percentage (13.51%) of amount was sanctioned for
Corporate Social Responsibility in 2006-07 and the lowest percentage (2.88%) in 2011-12 as
compared to total sanctioned amount of Corporate Social Responsibility by BHEL on the
whole.
A maximum of amount was spent to education sector (59.28%) and a minimum of amount
was spent to animal care (0.68%) from the sanctioned amount of Corporate Social
Responsibility by BHEL. BHEL is one of the major Central public sector Enterprises which is
committed to socio-economic development through its Corporate Social Responsibility
activities.
Therefore BHEL is contributing more to the sustainable development of the country though
education.
Conclusion
Corporate Social Responsibility is a part of the corporate sectors, which provides socio-
economic contributions to their business location. It is not a duty of the companies because all the
resources which have been used by the companies are taken from here itself. Though the corporate
sectors are concentrating much on profit, there is a need to give back to the society in the form of
Corporate Social Responsibility. If the entire corporate sector is really committed with their targeted
amount of Corporate Social Responsibility, all kinds of socio- economic hindrances will be removed
and there will be sustainable inclusive growth in the country. With this view, this paper concludes
that Corporate Social Responsibility activities of the BHEL at Tiruchirappalli unit level have
performed well committed to socio- economic development of their targeted area and people
during the study period.
Reference:
1) Shobha rani. T. (2013).Corporate Social Responsibility of Major Companies in India,
ArthPrabhand: A Journal of Economics and Management, Vol. 2, Issue 5, pp 1-10.
2) TridivHazarika. (2012).Corporate Social Responsibility– A Popular Corporate Jargon with
Multiple Interpretation and Perspectives: A study of the approaches to Corporate Social
Responsibility by Oil India Limited and Indian Oil Corporation Limited, IJCAES Special Issue on
Basic, Applied & Social Sciences, Vol. 2, pp 319-321.
3) Vishwanand. P and Jain. G.K. (2011).Public Relation and MNC’S: Form a Developing
Country’s perspective, International Journal of Transformations in Business Management,
Vol. I, Issue 5, pp 1-10.
4) RichaGautam and Anju Singh (2010). Practices in India: A Study of Top 500 Companies,
Global Business and Management Research An International Journal, Vol. 2, No.1, pp 41-56.
5) NeetuKwatra. (2012).Corporate Social Responsibilities – A Case Study of Indian Oil, EXEL
International Journal of Multidisciplinary Management Studies, Vol. 2, Issue 2, pp 176-189.
6) NehaPuri and ShurtiAhok. (2013). Societal Initiatives Taken by Indian Companies,
International Journal Management Research and Business Strategy, Vol. 2, No. 4, pp 23-31.
9. IJCISS Vol.2 Issue-07, (July, 2015) ISSN: 2394-5702
International Journal in Commerce, IT & Social Sciences (Impact Factor: 2.446)
A Monthly Double-Blind Peer Reviewed Refereed Open Access International e-Journal - Included in the International Serial Directories
International Journal in Commerce, IT & Social Sciences
http://www.ijmr.net.in email id- irjmss@gmail.com Page 32
7) Anil PrasandBandela and Sampath Kumar (2013). Corporate Social Responsibilitie A
perspective, Mohit publication, pp 1-170
8) WBCSD(2006).World business council for sustainable development, concept of corporate
social responsibility. In
9) Archie B. Carroll. (1999).Corporate Social Responsibility Evolution of Definitional Construct,
Business & Society, Sage Publication, Vol. 38, No. 3, pp 268-295.
10) AbhishekTripathi and AnupamaBains. (2013). A Study of Indian CSR Practices in Small and
Medium Enterprises, International Journal of Advanced Research in Management and Social
Science, Vol. 2, No. 10, pp 92-103.
11) www.financial report of bhel.com
12) www.MSME Brief Industrial Profile of Tiruchirappalli.in
13) www.financial report of Tiruchirappalli bhel.com
14) www.wikipedia.in