GAP GYAN

A GLOBAL JOURNAL OF SOCIAL SCIENCES

( ISSN – 2581-5830 )
Impact Factor – SJIF – 4.998, IIFS - 4.375
Globally peer-reviewed and open access journal.

A STUDY ON CORPORATE SOCIAL RESPONSIBILITY

(CSR) AND COVID-19 IN INDIA
Nileshbhai M. Gamit
(M.Com., M.Ed., GSET, NET)
Assistant Professor (Accountancy)
Government Arts and Commerce College-Jafrabad
Opp. ITI, Vapaliya Vistar,
Jafrabad-365540, Dist. Amreli
Mobile No.: 9909265102
Email: [email protected]

Abstract
All the entities of the world are directly or indirectly connected with society. The important entity is human being
who has highest responsibility towards the society where he is a part of the society. Among the important segment
from business houses companies are viewed as major contributor because like other entities they are using
resources from the society for manufacturing and at a same time depends on the society for revenue. The
expectations have been raised higher during pandemic conditions when Covid-19 crises have been faced by the
society. As Covid-19 pandemic has been proven very critical for the entire world and in India also major parts have
been affected very seriously, crises have been noticed in every aspect like physical, mental, economical, social etc.
The people have made expectations from many corporate houses for supports during tough conditions in any form
whichever is possible. The present study highlights the analysis of selected companies towards their corporate
social responsibility during Covid-19 conditions. The present study focuses on corporate social responsibility
fulfilled during Covid-19 as per the requirement of the time and situations.

Key words: Corporate social responsibility, Covid-19

1. INTRODUCTION

Covid-19 has been proven the severe pandemic for the entire world in the present century. Various dieses have
become concern for the authorities but the spread of Covid-19 and medical arrangements were crucial. World
Health Organisation (WHO) has declared Covid-19 as Public health emergency of international concern on 30th
January, 2020. When any emergency arise there is always need of resources to overcome that situation
whether related to economical, social or physical and those resources will be provided by corporate houses
vary easily, so during the period of Covid-19 society expect resource contribution from corporate houses. On
23rd March, 2020 expenditure incurred for activities related to Covid-19 has been treated as permissible
activities for CSR. The simple meaning of Corporate Social Responsibility is the commitment by the companies
to incorporate the social and environment concern in their routine operation. The responsibilities towards the
society and every stakeholders of the company and try to give them whatever be the needed and required not
in the form of charity or donation but to response the obligations that society has made on company.1 st April,
2014 was the day when India became the first country to legally authorization corporate social responsibility.
The new rules in Section 135 of India's Companies Act, 2013 create it mandatory for companies to spend two
percent of their average net profit for the past three years immediately preceding year on CSR. Before the
outbreak of Covid-19, various activities have been considered as part of CSR like eliminate extreme hunger and
poverty, promotion of education, promoting gender equality and empowering women, reducing child mortality,
improving maternal health etc. As stated previously after the outbreak of Covid-19 activities relating in relief of
Covid-19 and contribution in central or state disaster relief fund or PM CARE fund are also eligible for CSR. As
https://www.gapgyan.org/

per the notification by ministry of corporate affairs resources to establish medical oxygen generation and
storage plants and manufacturing and supply of oxygen concentrators, supply of ventilators, cylinders and
other medical equipment for Covid-19 are regarded as CSR activities.

2. REVIEW OF LITERATURE

Ganeshan M. and Vethirajan C. (2020) have conducted a study on the role of Indian companies towards
corporate social responsibility during Covid-19 pandemic. Researchers have mentioned the objectives as to
elaborate on the concept of CSR and the Covid-19 pandemic and to study the Indian company’s provision for

GAP GYAN – Volume - V Issue I 48

January – March 2022
 GAP GYAN
A GLOBAL JOURNAL OF SOCIAL SCIENCES
( ISSN – 2581-5830 )
Impact Factor – SJIF – 4.998, IIFS - 4.375
Globally peer-reviewed and open access journal.
CSR activities. Researchers have collected and presented data accurately and concluded that Indian CSR
policies at very right direction.
Saluja R. and Kapoor S. (2017) have carried out a study on Corporate Social Responsibility an evolution.
Researchers have mentioned various pronounced definition for the topic. Also they have stated different
phases. Researchers have also stated various reviews of literature and various references for the topic.
Researchers concluded that business should act like honey bee taking honey from the flower and not harming
or damaging the flower.
Kumar S. (2017) has conducted a study on Corporate Social Responsibility an overview. Researcher has stated
the history of CSR from ancient time and then after in different phases. Researcher has bifurcated phases in
four segments from 1850 to 1990 onwards as fourth phase. Researcher has mentioned various companies
contribution towards CSR in tabulation form.

3. RESEARCH METHODOLOGY

3.1. Objective of Research

The objective of research indicates the reason for the study for which researcher has initiated the study. The
primary objective of the present study is to examine the CSR activities with special reference to Covid-19
activities. To evaluate the performance of companies towards Covid-19 activities related contribution.
3.2. Scope of the Study
Scope of the study is mainly bifurcated into two segments functional scope and geographical scope. Functional
scope of the study highlights the fundamental base of the study and in the present case CSR activities related to
Covid-19 is the functional scope. Geographical scope on the study mentions the geographical area upto which
the study is carried out and in the present study, CSR activities performed in India is the geographical scope.
3.3. Data Collection
The research is generally based on two data, primary data and secondary data. Primary data can be considered
as the fresh data and mainly collected by first time by the researcher and on the other hand secondary data is
considered as the data which are available and not created by the researcher but used for the research. The
present study is based on secondary data; the data related CSR activities related to Covid-19 are the main
concern for the study.
3.4. Significance of the Study
Significance of the study highlights the importance of the study. The present study highlights the CSR activities
related to Covid-19 activities which will prove benefited in various manner like view points of the society and
its stakeholders towards companies will turn into positive, it also encourages the companies which have yet
not initiated CSR in Covid-19 related activities and also motivated to other parties of the society like
businesses, professional people, salaried people etc.

4. DATA ANALYSIS AND INTERPRETATION

Table No. 1.1 shows the CSR activities related to Covid-19

Sr. No. Company Name CSR Activities Amount in Crore
1 Ambuja Cement, ACC NGO contribution for Covid-19 Activities 3.3
2 Coal India Donation to PM CARE fund 221
Implement Covid relief measures across the
3 SBI Foundation 30
India
4 Coca cola India Supporting health care system 100
5 Bosch India Donation in PM CARE fund 5
Donation in PM CARE fund 80
6 ICICI Group
Donation to State government and local bodies 20
7 NSE Donation in PM CARE fund 26
8 Power finance corporation Donation in PM CARE fund 200
9 MSTC Limited Donation in PM CARE fund 5
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10 Dr Lal PathLabs Donation in PM CARE fund 1

11 Dalmia Bharat Group Donation in PM CARE fund 25
12 ONGC Donation in PM CARE fund 300
13 Àsian paints Donation in PM CARE fund 35
Launch of a 100-room quarantine facility for
14 Infosys COVID-19 patients in Bengaluru and other 120
related activities.
Wipro Ltd. and Azim Premji Health and Humanitarian measures against
15 1125
Foundation Covid-19 crisis
16 Reliance Donation in PM CARE fund 500

GAP GYAN – Volume - V Issue I 49

January – March 2022
 GAP GYAN
A GLOBAL JOURNAL OF SOCIAL SCIENCES
( ISSN – 2581-5830 )
Impact Factor – SJIF – 4.998, IIFS - 4.375
Globally peer-reviewed and open access journal.
Donation to Maharashtra and Gujarat
10
government
Contribution towards fight against Covid-19
17 Tata Sons 1000
and related activities
Donation in PM CARE fund 100
18 Adani Foundation Donation to Maharashtra and Gujarat
6
government
Create Contingent fund for overcome the
19 ITC 150
adverse effect of Covid-19
20 LIC Donation in PM CARE fund 105
(Source https://csrbox.org/how-Indian-companies-responding-COVID19)

5. CONCLUSION

The social responsibility is the noble cause for everyone who is the part of the society; ultimately everyone is
directly or indirectly depends on the society for his livelihood. In turn, it is an obligation to repay whatever is
possible in any form whether economical, physical or conserve the resource, so companies use high amount of
resources in the form of man, money and material from the society that’s why companies are higher obliged. In
case of CSR in routine operation is not that much matter of attraction which has been matter in the period of
Covid-19. In India, with the emergence of the cases of Covid-19, numerous companies have initiated the CSR
activities towards the measurement for the pandemic. Some companies have started manufacturing and
distributing mask, oxygen, medical equipments, machineries etc. Majority have contributed in PM CARE fund as
well as state government relief fund. These kinds of activities have been treated as the proof of that companies
have the sense of their responsibilities towards the society and in India it is not treated as donation or charity
but it shows the matter responsibilities.

6. REFERENCES

[1] Ganeshan M.and Vethirajan C., (2020), “the role of Indian companies towards corporate social
responsibility during covid-19 pandemic”, Two- Day International Virtual Conference on Revisiting CSR in
the Post COVID Era-Statutory Guidelines and Societal Concerns, October 2020, pp 3-11.
[2] Kumar S. (2020), “corporate social responsibility in India: an over view”, journal of Asian business
management, Vol. 9, No. 1, January-June 201, pp 53-67.
[3] Saluja R. and Kapoor S. (2017), “corporate social responsibility – evolution”, International Research Journal
of Management Sociology & Humanity ( IRJMSH ), Vol. 8 Issue 11, 2017, pp 158-167
[4] https://www.inderscience.com/info/inarticle.php?artid=115001
[5] https://iica.nic.in/images/CSR_COVID_Publication.pdf
[6] https://www.business-standard.com/article/companies/companies-can-create-covid-19-health-
infrastructure-as-csr-activity-121050500461_1.html
[7] https://www.investindia.gov.in/siru/changing-landscape-csr-india-during-covid-19 https://www.gapgyan.org/

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