CSR : corporate social responsibility meaning: Formal sector doing good for society. 2014 : 1. Every company have to form CSR board, minimum 3 members should be there, one may be independent director. 2.Every corporate satisfying certain criteria as determined by law has to spend 2 % of their average profit of last 3 years for 4 areas and if they failed to do so, they have to tell reason for not complying with law. Favor: 1. it provide them opportunity for helping society, environment. 2. Business is not sustainable without better society...if status of community increase then demand will increase and profit will also increase 3. It increase their brand value and companies understand it. 4. Public Private Partnerships projects can help the society in better way than just putting everything on govt. Issues: 1. Not even single company has been penalized nor any company gave any reason for not doing so. Good companies are doing but not every company, mainly small corporate. 2. No utilization certificate is there, lack of disclosure so we can say lack of transparency is there is this. 3. Company have their own NGOs for doing such work 4. This policy is forced on them, government has pushed it down on them. 5. According to companies: "We are spending on society by giving tax and we need to look at our shareholders also. So its govt. responsibility to spent those taxes on society. Moreover the amount that i will spend on society will not be covered under tax so i cant take it as expense of company." Way forward: 1. tighten the act and focus on monitoring of such spending 2. CSR committee chairman should be independent director not promoter director. 3. Government PSUs should act as role model.

Frank had definitely faced hard time today.😊 I must say the whole debate was really healthy. This "MANDATORY" Word is the main entity of all. Initiative is good and welcoming but government should do it's work for which it has been formed rather than forcing anyone else to do it. 👍

Frank sir is Brilliant personality

In a country which is aspiring to become one of the world superpower,making CSR mandatory on businesses will add to one more impediment,others being liscence,taxes,enviornment cess,etc.It is like moral pontification.We have just entering in the culture of business,start-ups from being a salaried employment.At this stage govt should try to lessen the hassles of business as much as possible.Democracy works better when there is willing cooperation from society rather than coercive one.Govt policy on CSR making mandatory is not in convergence of startup india,make in india,ease of doing business and such other policies which seek free and better enviornment for businesses. Social work should always be done by noble intentions rather than by force. Tnx RSTV

basically in India csr is concentrated only in particular sectors viz education,water,saNitation,etc,there are other sectors too which are as imp as this ,but it needs to identify ,for that comprehensive csr policy is need of the hour.only particular houSes like Tata, Infosys doing grt regarding csr,but by making it mandatory ,it boost holistic development I.e good for our nation

The debate on CSR slowly turned into government vs private organisations.I feel it is the responsibility of both to contribute to the society and do welfare to the poor.As pointed by one of the speaker business is not just about making money it is about equally contributing to the society.I personally believe that 2-3% is nothing compared to the plummeting profits they make.On the other side government has to take higher responsibility.It is not just about degrading one another.A strong public private partnership is what I recommend.Overall it was a great debate and thanks to Frank and all the panelists.

What a wonderful discussion man !! Other channels should learn.

Frank Sir Your voice and confidence makes us proud and motivates as well.

Csr is play major role and it is necessary.

India first country for making csr mandatory 2 average percentage of last 3 years Good carporates for people Profit planet and people Net-worth profit and percentage Funds are dried up due to corruption Companies act Board to look after csr in company nd audit Need to tighten csr Own NGOs for execution or trust nd have close relationship Business is for profit Mandatory is not out of their will

U banged by saying ,who Nd what companies are ?I think this solves the problem ,if assessed properly,nailed it Frank sir,love u

I will definitely see you next time ,frank sir...

"Trusteeship" that should be the underlying spirit of CSR ., Let both corporate and government know this

thanks for such superb discussions hope some channels will get inspired by this......

Creating a strong business and building a better world are not conflicting goals - they are both essential ingredients for long-term success.In the next decade, the most successful companies will be those that integrate sustainability into their core businesses..!!!

Make the show of at least 40 minutes .

Heated debate..very good

i loved this debate .....

Make a national repository that should be indipendent,while disbursement of csr funds for democratic welfarism, do take assesment of recommendations of companies where they really want to disburse the funds so that it should not be.like putting forcefully under the throat ,finally the whole sole decider,otherwise govt repositories will just make it as current mess

CSR based on Gandhi's trusteeship ideology . it was shocked to hear about financial control of elitist group and India's growing inequality pointed out by Thomas pikety..welcome step by welfare government .

Frankly speaking frank is the one and only..................best anchor ever!!!

I enjoyed this debate

CSR is like as a cess that impos on corporate . People pay tax along with cess . corporate pay tax so they not responsible for csr. it isn't appropriate cause.

heated debate

04/10 /2018

Mr.Sarkar pls recall the Gandhiji concept of seven sins...Then u ll knw y the need of csr..Otherwise jus like Thoothukudi(sterlite ), agitations will erupte then it will cause u more harm!!

Hello

Funny talk.

ground report = other than UPSC aspirants , nobody knows what the hell is this CSR & nobody really cares