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6) “The inclusion of CSR spending in the Companies Act suggests a basic misunderstanding of the role of corporate activity in an economy.” What do you understand by this statement? In the light of recent data on CSR spending by companies, elaborate the statement.

Topic: Government policies and interventions for development in various sectors and issues arising out of their design and implementation

6) “The inclusion of CSR spending in the Companies Act suggests a basic misunderstanding of the role of corporate activity in an economy.” What do you understand by this statement? In the light of recent data on CSR spending by companies, elaborate the statement. (200 Words)

Business Standard