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As per the definition of OECD, Corporate responsibility involves the search for an effective ‘fit’ between businesses and the societies in which they operate. It is a company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. A change in company law in India was made in April 2014; businesses with annual revenues of more than 10 billion rupees should give 2% of their net profit to charity.

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