Philanthropy in India Is Taking Its Own Route
Strategic Philanthropy
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Mar 21, 2013
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.”