Author(s)

Venkata Naga Siva Kumar Challa^*, Parimi SV Padmalatha, Burra Vamsi Krishna

Department of Management Studies, Ramachandra College of Engineering, Vatluru, Andhra Pradesh, India.

Corporate Social Responsibility (CSR) recompenses several direct and indirect benefits to the business. The most important advantage of CSR is to provide a business organization with an improved social image. Shifting the accountability of serving to one another does not serve the purpose at all. Simply putting the mask of corporate social responsibility does not make an organization socially accountable rather the organization is literally warranted to interweave the philosophy of CSR into its mission to be socially answerable. Social responsibility includes the areas such as health, education, employment, poverty alleviation and quality of life. CSR must be made obligatory on the part of the corporate sector operating in the country. It is a matter of great contentment that the Government of India is in the process of taking certain statutory steps to pursue the corporate sector to have a proactive approach towards corporate social responsibility/community development. This paper contributes towards the societal development of CSR through four dimensions namely corporate social responsibility and its implementation, corporate social responsibility and sustainability, corporate social responsibility towards Goodwill, corporate social responsibility and Social Justice.

Corporate Social Responsibility, Community Development, Sustainability, Goodwill, Quality of Work Life

Challa, V. , Padmalatha, P. and Krishna, B. (2021) Societal Progress of Corporate Social Responsibility—An Empirical Slant on Rastriya Ispat Nigam Limited (RINL, Visakhapatnam, India). Theoretical Economics Letters, 11, 686-694. doi: 10.4236/tel.2021.114046.