What is Altruism

The present study is an attempt to understand the historical development of corporate social responsibility in India. The present study classified the development of corporate social responsibility in five different phases as phase of individual philanthropy, phase of social movement philanthropy, phase of state philanthropy, phase of corporate philanthropy, and finally CSR Law in India. The present study has also highlighted corporate social responsibility violations and penalties associated with. The study analyzed the major challenges in corporate social responsibility implementations in India. The study adopted doctrinal and archival research methodology. The findings indicate that there has been an increase in CSR activities because it has been made compulsory by the law. However, the challenges are still there such as local communities disapproving of firms supporting CSR initiatives due to lack of knowledge and public awareness, businesses being dissatisfied with local agencies' transparency, and lack of funding, etc.