CSR Practices in Reliance Industries

In present competitive scenario there is cut throat competition for creating value through sustainable reporting and these reporting practices also bring transparency and provide more valuable information which attracts many new stakeholders. India is the first country which proposes to make Corporate Social Responsibility mandatory for the companies through Companies Act, 2013.In this act it is specified that every company, Private Ltd or Public Ltd. Which either has net worth of Rs.500 crore or a turnover of Rs 5 crore needs to spend at least 2% of its average net profit for the immediately preceding three financial years on corporate social responsibility activities.