Corporate Responsibility Watch launches India Responsible Business Index with partners
Keeping in mind the inequality between sections of society and the persistent poverty that plagues this country, it is not possible for ease of business and economic growth to be totally divorced. Firms need to take a more active role and be responsible about the environment, the communities and the ethics that they use in their policies and practices. “Participation of people as stakeholders can make businesses responsible,” said Tom Thomas, chief executive of Praxis, a development support organization, and convener, Corporate Responsibility Watch.
India Inc's policies for Supply Chain not robust, 26th October 2015, Mint
Under Business Responsibility, a company is expected to list all the activities that it is undertaking and the processes it has put in place to encourage its supply-chain partners to embrace practices such as fair and minimum wages, employee health and safety and reduced environmental footprints. The India Responsible Business Index looks at how well companies have fared in this regard.
Stakeholders vs Shareholders, 26th October 2015, Mint
The implementation of the corporate social responsibility (CSR) rules, 2014, stressed the need for businesses to work for local communities. However, much before the CSR rules, firms had realized the need to look beyond employees, investors and consumers, knowing well that an unhappy community is a risk to longevity of their own businesses.The India Responsible Business index looks at Community as a Stakeholder in the business process as one of its core focus areas.
Company policies focus more on health and safety of employees, 26th October 2015, Mint
Policy focus is on women, 26th October 2015, Mint
India-Africa relations in the time of South-South cooperation
Praxis organised a round table, bringing together government experts, academics, civil society organisations and business, to focus on ways to create a stronger South by making development aid andtrade accountable and transparent in the context of India-Africa Forum Summit. It calls upon developing people to people contact and leveraging South-South partnership, while reiterating the need for cooperation. Praxis' views on the 'development partnership' and the kind of engagement needed recieved widespread coverage.
Read #India Africa is fine. But is our aid in solidarity or an instrument of control by Tom Thomas, 28th October 2015, Catch News.
India is currently the fourth-largest trading partner of Africa, after China, the United States and the European Union. India's investment in the continent is around $32 billion, according to industry estimates, greater than China's $26 billion.India's efforts to step in into the aid niche is seen by analysts as giving African countries an alternative on one hand, and creating a resource base for its own 'Make in India' campaign on the other. But what does this partnership mean for communities in Africa?
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