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Societal Progress of Corporate Social Responsibility—An Empirical Slant on Rastriya Ispat Nigam Limited (RINL, Visakhapatnam, 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.