In today’s dynamic world corporate social responsibility is the emerging area of interest for entrepreneurs, practitioners and academics. "The social responsibility of business encompasses the economic, legal, ethical and discretionary expectations that a society has of organizations at a given point in time."[Carroll, 1979; 2008, 500] This states the voluntary integration of the external environment business strategies and internal operations.CSR is mostly concerned with treatment of the stakeholders of an organization in an ethical and responsible manner which is in accordance to the international norms. [Michael Hopkins]