A debate was going on about a government proposal to make it compulsory for companies to spend 2% of their net pro?ts on corporate social responsibility (CSR). Rohini Nilekani, philanthropist and chairperson of Arghyam, a foundation she set up with a private endowment to work on water and sanitation issues in India, says she has been “against the 2% rule from the beginning” because “I don’t think government should outsource its governance. And, secondly, making it mandatory is going to straightjacket [CSR] in a way that may not necessarily yield the best results. But now that it’s been done, we just have to make the best of it.”
Philanthropy in India Is Taking Its Own Route
Mar 21, 2013
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