Dynamics of CSR in India: Special Reference to Oil and Gas Industry
Swati Bhatt1, Drsharat Sharma2

1Swati Bhatt, Research Scholar, SRM Institute of Science & Technology, Ghaziabad (Uttar Pradesh), India.
2Dr. Sharat Sharma, Asst. Professor, SRM Institute of Science & Technology, Ghaziabad (Uttar Pradesh), India.

Manuscript received on 18 June 2019 | Revised Manuscript received on 25 June 2019 | Manuscript published on 30 June 2019 | PP: 339-343 | Volume-8 Issue-5, June 2019 | Retrieval Number: E7114068519/19©BEIESP
Open Access | Ethics and Policies | Cite | Mendeley | Indexing and Abstracting
© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)

Abstract: The world we live in today is changing. The thing that was acceptable years ago is being questioned today. The shift is from legislation towards morality. And morality is the only question on everyone’s mind. Earlier, a company existed by the shareholder value, meaning profits for shareholders. The situation has now evolved and more firms are concentrating on the stakeholder value. The empirical evidences show that those companies that have contributed to stakeholder value have benefited. Corporate Social Responsibility is also part of the shift. This study aims to provide an understanding of the nature of corporate social responsibility (CSR) practices in Indiawith reference to oil and gas industry. The purpose of this paper is to add strength to understand the dynamics in CSR practices and the context in which they are performed. Though post 2013, the amendment and mandatory disclosure. Specifically, it explores the current status and extent of corporate social responsibility activities undertaken and implemented by the oil and gas companies also if the present CSR policy is capable of delivering on these larger issues .The CSR expenditure of these companies during 2013-18 was analysed using content analysis to ascertain patterns and trends in corporate social reporting by Indian oil and gas companies
Keywords: Developing Economy, Oil & Gas Sector, Corporate Social Responsibility, Corporate Social Reporting, Pattern Study Content Analysis, India.

Scope of the Article: Pattern Recognition