Corporate Social Responsibility Landscape as per Schedule VII: Insights from Engineering, Construction and Production PSUs

Authors

  • Meenu Maheshwari Head and Associate Professor, Department of Commerce and Management, University of Kota, Kota
  • Ashok Kumar Gupta Principal (Retd.), Government Arts Girls College, Kota
  • Pragya Gaur Senior Research Fellow, Department of Commerce and Management, University of Kota, Kota

Keywords:

No Keywords.

Abstract

This research paper examines the spending patterns of Public Sector Undertakings (PSUs) in the engineering, construction, and production sectors on Corporate Social Responsibility (CSR) activities. The sample of five PSUs has been considered for the year ranging from 2014-15 to 2021-22 and the relevant hypothesis has been tested through one-way ANOVA. The research demonstrates a widespread commitment to Schedule VII, with substantial spending towards education, healthcare, and environmental initiatives. However, it also underscores obstacles such as the unequal allocation of funding, a possible over focus on initiatives with high exposure, and the absence of thorough effect evaluations. The results indicate that although PSUs generally adhere to statutory mandates, there is significant potential for implementing more strategic and innovative strategies for CSR.

Downloads

Download data is not yet available.

Downloads

Published

2025-02-23

How to Cite

Maheshwari, M., Gupta, A. K., & Gaur, P. (2025). Corporate Social Responsibility Landscape as per Schedule VII: Insights from Engineering, Construction and Production PSUs. The Management Accountant Journal, 60(1), 91–95. Retrieved from https://icmai-rnj.in/index.php/maj/article/view/173821

Issue

Volume 60, Issue 1, January 2025

Section

CSR

References

Banerjee, D. & Pulikkamath, A. (2019). CSR & Sustainable Development: An Analysis of CSR Practices in India. Indian Journal of Economics and Development, 7(4), 1-8.

Bansal, S. & Rai, S. (2014). An Analysis of Corporate Social Responsibility Expenditure in India. Economic and Political Weekly, 49(50), 13 Dec, 2014.

Bose, S., Clarkson, P. M., & Richardson, G. D. (2024). Valuation implications of mandatory CSR expenditure in India. Abacus, 60(1), 91-129.

Companies Act - Schedule VII. (n.d.). Companies Act Integrated Ready Reckoner|Companies Act 2013|CAIRR. Retrieved December 27, 2023, from https://ca2013.com/schedule/schedule7-3/

Glass, G. V., Peckham, P. D., & Sanders, J. R. (1972). Consequences of failure to meet assumptions underlying the fixed effects analyses of variance and covariance. Review of educational research, 42(3), 237-288.

Harwell, M. R., Rubinstein, E. N., Hayes, W. S., & Olds, C. C. (1992). Summarizing Monte Carlo results in methodological research: The one-and two-factor fixed effects ANOVA cases. Journal of educational statistics, 17(4), 315-339.

INFORMATION – Annual Reports- Security printing & minting corporation of India limited. (n.d.). Retrieved August 29, 2024, from Spmcil.com website: https://www.spmcil.com/en/information/

Kavitha, P. (2019). Trends and Patterns of Corporate Social Responsibility Expenditure: A Study of Manufacturing Firms in India, Working Papers id:12995, eSocialSciences.

Khan, T.L. & Bandopadhyay, K. (2019). Corporate Social Spending in India. The Indian Journal of Commerce, 72(2), 1-12.

Kim, T. K., & Park, J. H. (2019). More about the basic assumptions of t-test: normality and sample size. Korean journal of anesthesiology, 72(4), 331-335.Curran-Everett, D. (2017). Explorations in statistics: the assumption of normality. Advances in Physiology Education, 41(3), 449-453.

Krishnan, A. (2018). Comparative Analysis Study on CSR Expenditure in India: The Case of Manufacturing and Service Industries. International Journal of Pure and Applied Mathematics, 118(9), 421-443.

Kumar, R. & Dhanda, U. (2017). A Study of CSR Spending Pattern of Sensex Companies in India. International Journal of Current Research, 9(4), 49042-49047.

Kumar, S., & Singh, G. (2023). Does mandatory CSR expenditure regulation matter to promoters? Empirical evidence from India. Meditari Accountancy Research, 31(5), 1325-1351.

Lix, L. M., Keselman, J. C., & Keselman, H. J. (1996). Consequences of assumption violations revisited: A quantitative review of alternatives to the one-way analysis of variance F test. Review of educational research, 66(4), 579-619.

Ministry of Corporate Affairs. (2018). Invitation for public comments for High Level Committee on Corporate Social Responsibility -2018. Mca.gov.In. https://www.mca.gov.in/Ministry/pdf/InvitationOfPublicCommentsHLC_18012019.pdf

Ministry of Corporate Affairs. (2021). Frequently Asked Questions (FAQs) on Corporate Social Responsibility (CSR). Mca.gov.In. https://www.mca.gov.in/Ministry/pdf/FAQ_CSR.pdf

Mishra, S., & Banerjee, G. (2019). A Study on the Impact of Mandatory Provisions on CSR Strategies of Indian Companies. Accounting, Finance, Sustainability, Governance & Fraud: Theory and Application, 145–154. doi:10.1007/978-981-13-7924-6_8.

Sai, P.V.S. (2017). A Comparative Study of CSR Practices in India Before and After 2013. Asian Journal of Management Research, 7(3), 242-255.

Schmidt, A. F., & Finan, C. (2018). Linear regression and the normality assumption. Journal of clinical epidemiology, 98, 146-151

Verma, A. & Kumar, C.V.R.S.V. (2014). An Analysis of CSR Expenditure by Indian Companies. Indian Journal of Corporate Governance, 7(2), 82-94.