Thane (Maharashtra), Jan 11 (IANS) With the growing connect between big business and corporate social responsibility, the Bombay Stock Exchange (BSE) will soon set up a CSR Exchange, said Ashish Chauhan, BSE managing director and CEO.
"The Indian Companies Act, 2013, is a significant step in the direction of CSR. We will soon set up a CSR Exchange where NGOs (non-governmental organisations) can register," Chauhan said Saturday evening at a two-day weekend retreat of top Indian corporates at Govardhan Eco Village in Wada here.
His announcement came at a conclave on implementing Vedic wisdom, art of giving, spirituality, and good governance in modern business practices for all-round benefits, organised by Iskcon under Artha Forum.
Addressing the meet, Piramal Group chairman Ajay Piramal stressed on humility in business.
"If one has a value-driven business, it increases the economic value. Integrity is an alignment between what you think, what you see and what you do ethically," Piramal said.
He pointed out that when one ventures into a new venture, there are challenges which can be converted into business opportunities.
"But, it is important to be humble. Unlike the US style of management where the business head would wield his power to get recognition, here we have found that on being humble, we get better advice, love and respect," Piramal said.
KIIT and KISS founder Achyut Samanta said the more we respect women in our society, homes and offices, there be more overall prosperity.
"It is not about Vedic knowledge which we all know about. Do we practice it? Do we practice giving? Spiritualism among the wealthy can motivate many big people to do good things and bring about great positive changes in society," Samanta said.
Apar Group of Industries chairman N.D. Desai said that scriptures have suggested that 50 percent of wealth must be for the good of society, 25 percent must be distributed to family or relatives and the rest must be kept for oldage security.
"I don't want to be in the Forbes list...I want to be in Krishna's list," he said.
Artha Forum founder and managing partner of Basil Growth Corporation Rajeev Srivastav dwelt on how they had helped many start-ups and powered many business which came with a view to give back to society.
"In fact, some started with zero-value and then the firms became million-dollar companies, but the great thing was that many of them used as much as 50 percent of wealth for charity," Srivastav said.
The other prominent speakers included Iskcon spiritual leader Radhanath Swami, Maharashtra Chief Secretray S. Kshatriya, Arvind Mafatlal Group chairman Hrishikesh Mafatlal, Rajshri Media MD and CEO Rajjat Barjatya, Mahindra SSC CEO Dinesh Pillai, Swastik Pictures heads Rahul Tiwary and Siddharth Tiwary, and Institute of Public Health director Vishal Rao.
Clarke out of Australia's WC opener against England
Melbourne, Feb 12 (IANS) Australia coach Darren Lehmann Thursday confirmed captain Michael Clarke is on track to return against Bangladesh, but has ruled him out of Saturday's ICC World Cup opener
BJP's strategy for 2024 in Bihar: Target of 35 Lok Sabha seats; Chirag and uncle will bring Pashupati together, organize small parties
After getting a setback from Nitish in Bihar, the BJP has started preparing for Mission 2024. In the core committee meeting in Delhi, the party has set a target of winning 35 out of 40 Lok Sabha seats
Pankaj Udhas Passed Away: Famous ghazal singer Pankaj Udhas is no more, breathed his last at the age of 72.
Famous ghazal singer Pankaj Udhas has passed away. He was ill for a long time. He was 72 years old. He was born on 17 May 1951 in Jetpur, Gujarat. Pankaj Udhas's daughter Nayaab Udhas has confirmed
Economic crisis deepens in Sri Lanka: Street lights were switched off, after decades there was a 13-hour power cut in the country, demonstration outside the President's residence
In Sri Lanka, even street lights are being switched off to save electricity. Sri Lanka's Electricity Minister Pavitra Vaniyarachi said on Thursday that state power Monopoly has also imposed a 13-hour
SpaceX License: Global firms show interest in Indian space, Musk's company SpaceX seeks a license
While India is preparing to launch 5G services in every city of the country, global companies are showing interest in the country's space-related businesses. Elon Musk-owned SpaceX has applied to the
2001 Parliament Attack: The martyrs who sacrificed their lives in the attack on Parliament were remembered, know the whole story of that day
Today is the anniversary of the terrorist attack on Parliament. On this occasion, the country is remembering its heroic sacrifices. President Draupadi Murmu, Vice President Jagdeep Dhankhar, and Prime
Ram Mandir: 'Child Ram' kept giving darshan for 18 hours continuously without any rest, devotees were flocking to the Lord's court.
In the biting cold, five-year-old 'Child Ram' continued giving darshan to the devotees for 18 hours without any rest. On the third day of his stay in the Navya Mandir, everyone's favorite person woke
Testing crossed 11 million, this time the lowest 4.7 million cases were found on one crore Samples
New cases of corona in the country are declining. The testing figure has crossed 11 million. This time only 4.70 lakh patients have been found on 10 million tests, which is the lowest. Between 10
Sunny Saturday morning in Delhi
New Delhi, March 28 (IANS) It was a sunny Saturday morning in the national capital with the minimum temperature recorded at 21 degrees Celsius, three notches above the average.The Met department
Bihar's daughter, who drove her father home by cycling 1200 km, got an offer from the Federation
Patna: Bihar's daughter Jyoti, who arrived at Darbhanga from Gurugram, Haryana, is currently the subject of discussion on social media amid her lockdown. Apart from the whole country, people abroad
