At
the recent Confederation of Indian Industry (CII) annual general meeting, Dr. Manmohan Singh, the Prime Minister of India, talked a different language. Different from Manmohanomics, that is! Dr. Singh called for a curbing of conspicuous consumption, and laid out a few guidelines – that are now being branded as The Commandments. All this was to counter the feeling that India Shining is not working for everyone and that there are many Indians today who can’t even afford a square meal a day. Here are some of his pearls of wisdom. “Rising income and wealth inequalities, if not matched by a corresponding rise of incomes across the nation, can lead to social unrest.” He added that, “I am aware that some of our companies are doing creditable work. I compliment them. But we need more such inspiring examples.... The representation companies give to SCs, STs, OBCs, minorities and women in their workforce and staff must increase.” He also had a few words to say about corporate social responsibility: “Corporate social responsibility must not be defined by tax planning strategies alone. Rather, it should be defined within the framework of a corporate philosophy which factors the needs of the community and the regions in which the corporate entity functions.” He said that when he reads about the growing number of Indian millionaires and billionaires, about Indian companies buying up multinationals, about India’s over - crowded airports, about the real estate boom, about new holiday destinations, about soaring CEO compensations, he realises that India has benefited enormously from the growth process…. But “the time has come for the better off sections of our society to understand the need to make our growth process more inclusive.” He added that “we (Indians) cannot afford the wasteful lifestyles of the Western world,” adding that the government can do its bit – but the larger burden should be on ‘industry’. Time to get our conscience in order...
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Info, Visit Below....
Why Study Abroad When IIPM Gives You 3 global Advantages!
The Sunday Indian - India's Greatest News weekly
IIPM, ADMISSIONS FOR NEW DELHI & GURGAON BRANCHES
IIPM, GURGAON
ARINDAM CHAUDHURI’S 4 REASONS WHY YOU SHOULD CHOOSE IIPM...
the recent Confederation of Indian Industry (CII) annual general meeting, Dr. Manmohan Singh, the Prime Minister of India, talked a different language. Different from Manmohanomics, that is! Dr. Singh called for a curbing of conspicuous consumption, and laid out a few guidelines – that are now being branded as The Commandments. All this was to counter the feeling that India Shining is not working for everyone and that there are many Indians today who can’t even afford a square meal a day. Here are some of his pearls of wisdom. “Rising income and wealth inequalities, if not matched by a corresponding rise of incomes across the nation, can lead to social unrest.” He added that, “I am aware that some of our companies are doing creditable work. I compliment them. But we need more such inspiring examples.... The representation companies give to SCs, STs, OBCs, minorities and women in their workforce and staff must increase.” He also had a few words to say about corporate social responsibility: “Corporate social responsibility must not be defined by tax planning strategies alone. Rather, it should be defined within the framework of a corporate philosophy which factors the needs of the community and the regions in which the corporate entity functions.” He said that when he reads about the growing number of Indian millionaires and billionaires, about Indian companies buying up multinationals, about India’s over - crowded airports, about the real estate boom, about new holiday destinations, about soaring CEO compensations, he realises that India has benefited enormously from the growth process…. But “the time has come for the better off sections of our society to understand the need to make our growth process more inclusive.” He added that “we (Indians) cannot afford the wasteful lifestyles of the Western world,” adding that the government can do its bit – but the larger burden should be on ‘industry’. Time to get our conscience in order...For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Info, Visit Below....
Why Study Abroad When IIPM Gives You 3 global Advantages!
The Sunday Indian - India's Greatest News weekly
IIPM, ADMISSIONS FOR NEW DELHI & GURGAON BRANCHES
IIPM, GURGAON
ARINDAM CHAUDHURI’S 4 REASONS WHY YOU SHOULD CHOOSE IIPM...
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