ISSN (Online): 2455-366 EPRA International Journal of Multidisciplinary Research (IJMR) - Peer Reviewed Journal Volume: 6 | Issue: 7 | July 2020 || Journal DOI: 10.36713/epra2013 || SJIF Impact Factor: 7.032 ||ISI Value: 1.188 2020 EPRA IJMR | www.eprajournals.com | Journal DOI URL: https://doi.org/10.36713/epra2013 367 EMPIRICAL STUDY ON EQUITY IN CSR SPENDING: WITH SPECIAL REFERENCE TO INDIA Shounak Das Ph.D Research Scholar, Department of Commerce, University of Calcutta, Priyajit Ray M.Phil. Research Scholar, Department of Commerce, University of Calcutta ABSTRACT The most vital element or issue governing the recent major discussions on Corporate Social Responsibility practices of Indian corporate are variation in various aspects of CSR spending. The social responsibility of every element of the society is important. The combination of fulfilment of responsibilities by individual parts creates social wellbeing at large. The poor performance in terms of fulfilment of social or environmental obligations by any section of the society has a far reaching and trickle down impact on other sections. The business world is not an exception to this. With the increase of expanse of corporate in the every sector of the country, it’s become really important how efficiently the CSR spending is being undertaken by them; both in terms of absolute figure and evenness in spending. CSR is becoming a most important factor for corporate in maintaining social license to operate. Researchers here are concerned about the evenness in CSR spending among various states, zones and among various activities. Researchers have conducted ANOVAs: Single Factor, parametric test to fulfill research objectives. Significant variation has been observed in respect of various aspects of CSR spending. Researchers tried to put logical conclusions and recommendations in explaining the test results and in solving the present problems in the concerned area of research respectively. KEY WORDS: Corporate Social Responsibility Practices, Social License, Social Wellbeing, Trickle Down Impact. JEL Classification: C12, C88, Y10. BACKGROUND A company being a legal entity, is a part of our community; having some responsibilities to community. Thus, corporate social responsibility is its natural response to society. Companies are run by the people, for the people and of the people. In all operations and activities of a company there should be aim of achieving sustainable development in social and environmental dimensions simultaneously with economical dimension. Management should consider the social effects as well as economic effects in its decision. It implies recognition and understanding of the aspirations of the society and determination to contribute to its achievement. In real sense, the shareholders of a company have not all the rights that true owners would have. They want the company to be run. If Managers steer company in a socially beneficial manner, it must run progressively long way. The avoiding of social responsibilities on the part of many corporate houses in the country has become a practice. The social and environmental degradation has been occurred both due to the avoidance of social responsibilities by the business, apart from destroying the societal resources. With the passage of time this issue is becoming very much prominent to researchers; as it is directly linked to social welfare. Extensive and in-depth empirical study regarding various aspects governing CSR spending is very much time relevant now. REVIEW OF LITERATURE Muthusamy, A. & Negi, R. (2019). The study focuses on how different companies of Tamil Nadu are discharging their social and environmental obligations through CSR spending and how far it is up to the mark in various respects. It also focuses on pattern of CSR spending. It has been observed that companies are taking CSR as a issue not restricted to just legal obligations. Companies are spending for CSR activities under wide purposes as social and philanthropic responsibilities. Still government supervision is required to ensure that CSR spending are done for desired purposes without any wastage. Shyam, S. (2016). Study has objectified the understanding regarding concept and pattern of CSR spending prevailing in the country, apart from understanding the changes in CSR spending pattern, the policies governing CSR issues and major challenges faced in ensuring desired CSR spending in