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Corporate social responsibility (CSR) refers to a business practice that involves participation in initiatives which are beneficial to society. India companies are committed to undertaking CSR activities in accordance with the provisions of Section 135 of the Indian Companies Act, 2013 and related Rules. As per the notified rules, all private firms have to spend 2% of their average profit of the previous three years on CSR activities specified by the government.
Businesses are economic power-banks of a nation with the capacity to bring transformational changes in development and growth of a necessitous section of the society.
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