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.
Infinix Upcoming Smartphone: This upcoming smartphone will be fully charged in 8 minutes, know details
Infinix 180W Thunder Charge Smartphone: Infinix has launched its 180W Thunder Charge technology. Infinix will make Thunder Charge technology available with the upcoming flagship phone, which is set to
Delhi gang rape convicts hanged, 2,650 days after committing the crime
अपराध करने वाले छह लोग थे, लेकिन बस चालक राम सिंह ने आत्महत्या कर ली और एक
Coronavirus Outbreak: Narendra Modi to participate in G20 video summit today to discuss coordinated global response
सऊदी अरब के किंग सलमान गुरुवार को प्रधानमंत्री नरेंद्र मोदी और अमेरिकी
Pakistan Floods: South African NGOs help to the people affected by the floods in Pakistan, the victims are getting disaster-resistant homes
A South African NGO has extended a helping hand to the flood-affected people in Pakistan. South African NGO Spiritual Chords is helping economically weaker people in Pakistan by providing them with
India vs West Indies: India lost to West Indies in the second T20 too, trailing 0-2 in the series; Gill and Suryakumar fail again
In the second T20 against the West Indies, the Indian team faced a two-wicket defeat in a thrilling match. With this defeat, Team India has gone 0-2 in the five-match series. Batting first, India
Imran appreciates India's foreign policy: Video of S Jaishankar shown in the rally, in which he is answering on buying cheap oil from Russia
Former Pakistan Prime Minister Imran Khan is seen praising India since he came to power. On Saturday, Imran Khan praised India's foreign policy at a rally in Slovakia. Here he showed a video of
Finland's PM was seen dancing after drinking alcohol: Sana Marine was accused of taking drugs by the opposition, PM said - I am ready for investigation
A video of Finland's Prime Minister Sana Marine is going viral on social media. In this, she is seen drinking and dancing with her friends. Opposition leaders have alleged that Prime Minister Sanna
Applause rang for 3 minutes to welcome Modi: When he reached the BJP parliamentary party meeting, he was welcomed on Gujarat's victory.
The issue of Tawang will echo in the winter session of the Parliament on Wednesday as well. Prime Minister Narendra Modi, Home Minister Amit Shah, and Defense Minister Rajnath Singh held a meeting of
Announcement of new vaccination policy: States will now get 75% of the vaccine from the center instead of 50%, but if the wastage is high, the supply will be affected.
Prime Minister Narendra Modi announced on Monday that from June 21, those above the age of 18 will also get the benefit of the free vaccine. A day after the Prime Minister's announcement, that is, on
JEE Main 2022: JEE Main Session-2 Paper-2 Admit Card released, know the easy way to download
JEE Main 2022 Paper 2 Admit Card for Session 2: The National Testing Agency (NTA) has released the admit card for the second phase of the Main Joint Entrance Examination (JEE Main) 2022, Paper 2.