Zerodha co-founder Nithin Kamath raises concerns about India’s 2% corporate social responsibility (CSR) mandate, arguing it may lead companies to spend without achieving consistent social impact. He suggests that rather than requiring firms to spend a fixed share on CSR, India should consider a different approach that would distribute resources more effectively.
In separate coverage, Kamath proposes that a higher corporate tax rate could allow the government to channel funding based on needs and outcomes. The idea, as reported, is that tax revenues could be allocated more evenly across social priorities than CSR spending tied to individual company decisions. Both outlets frame his comments as a critique of the CSR mechanism, focused on the risk of incentivizing outlays rather than measurable results.
The reports present Kamath’s remarks as a policy suggestion rather than a formal proposal. They emphasize that his position centers on how CSR is implemented and whether the current structure reliably translates corporate spending into broader, more uniform social impact.
