A STUDY ON THE SOCIO-ECONOMIC IMPACT OF CSR PRACTICES WITH SPECIAL REFERENCE TO NUMALIGARH REFINERY LTD. (NRL)

Abstract

Corporate Social Responsibility (CSR) is a widely acclaimed area of study in today’s world when business environment has become so competitive and the world transformed to a global village. A proper implemented CSR policies and its execution has many advantages which can be reflected in their customer base, motivated employees, community support. The present study is undertaken with the aim to examine the socio-economic impact of CSR practices of NRL Ltd. - a public sector oil company. The socio-economic impact of CSR has been based on 2 perspectives - local people and environment. CSR practices in relation to local people and environment have been studied to assess the socio-economic impact of CSR practices.