India’s Top Company for Corporate Social Responsibility (CSR) - An Empirical Study on Reliance Industries Limited (RIL)

  • Dr. Ramprakash O. Panchariya Associate Professor & HOD, Department of Management Studies, B. D. College of Engineering, Sevagram, Wardha – 442001, Maharashtra, INDIA
Keywords: Corporate Social Responsibility (CSR), CSR Spending, CSR Ratio, Reliance Industries Limited (RIL)

Abstract

Purpose: The present research aims to study Corporate Social Responsibility (CSR) expenditure of Reliance Industries Limited (RIL).

Design / methodology / approach: The study is based on secondary data collected for Reliance Industries Limited for FY 2015-16 to 2019-20 from national CSR data portal, Ministry of Corporate Affairs, Government of India for the research work. Statistical measure like one sample T-Test and Pearsons Correlation has been used for analyzing the data.

Findings: The study reveals that there has been a significant increase of Rs. 350.93 crore in actual CSR spent of RIL i.e. increase of 62.92% in FY 2019-20 over FY 2015-16. From the study it is also found that RILs Actual CSR Spending is more as compared to CSR Prescribed during FY 2016-17 to 2019-20 whereas it is same in FY 2015-16 and the CSR Ratio of RIL is as per the SEBIs regulation of 2% during FY 2015-16 to 2019-20.

Downloads

Download data is not yet available.

References

Sharma, L K & Pandit, P. (2016) Corporate social responsibility in India. International Journal of Recent Research Aspects, Special Issue, 68-72.

Mangala, D & Isha. (2015). Disclosure through annual reports: A study of Indian corporate sector. International Journal of Research in Management, Science & Technology, 3(2), 148-155.

Vasishth, N & Rajput, N. (2015). Governance, ethics & social responsibility of business. (1st ed.). New Delhi: Taxmann Publications (P.) Ltd.

Kumar, N. (2014). Corporate social responsibility: An analysis of impact and challenges in India. Abhinav International Monthly Refereed Journal of Research in Management & Technology, 3(5), 97-104.

Goyal, N. (2014). Corporate sustainability reporting practices among Indian companies-myth or reality. International Journal of Management and Social Sciences Research, 3(1), 54-60.

Rajak, L & Mishra, K. (2014). A study of corporate social responsibility in Indian organizations. Indian Journal of Applied Research, 4(12), 438-441.

Sharma, J P. (2014). Governance, ethics & social responsibility of business. Delhi: Ane Books Pvt. Limited.

Singh, P. (2013). Social accounting: A helping tool of corporate social responsibility. International Journal of Latest Transactions in Engineering and Science, 1(2), 17-24.

Sharma, E & Mani, M. (2013). Corporate social responsibility: An analysis of Indian commercial banks. AIMA Journal of Management & Research, 7(¼), 1-17.

Sethi, P. (2013). Social reporting by Indian banks and foreign banks-A comparative analysis. IOSR Journal of Business and Management, 15(3), 45-53.

Lal, J. (2009). Corporate financial reporting, theory practice and cases. (3rd ed.). New Delhi: Taxman Publications (P.) Ltd.

Chhabra, T N, Raajput, N, & Kaur, H. (2009). Politics, ethics and social responsibility of business. New Delhi: Sun India Publication.

www.csr.gov.in.

Published
2021-04-30
How to Cite
Dr. Ramprakash O. Panchariya. (2021). India’s Top Company for Corporate Social Responsibility (CSR) - An Empirical Study on Reliance Industries Limited (RIL). International Journal of Engineering and Management Research, 11(2), 239-243. https://doi.org/10.31033/ijemr.11.2.34