IMPACT OF CSR ACTIVITIES ON THE BUSINESS OF OIL COMPANIES IN INDIA

Abstract

CSR is not the sole responsibility of the government; corporate both private and public play a legitimate role in uplifting the downtrodden of the society. Corporate Social Responsibility has been gaining an astounding resurgence at the global level recently. The present paper highlights some important CSR initiatives undertaken by top Indian Oil Companies especially Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd, Oil and Natural Gas Corporation, Hindustan Petroleum Corporation Ltd, GAIL India Ltd and helps to analyze their contribution to the social development of the country.