Ministry of Corporate Affairs releases national guidelines on responsible business conduct

Ministry of Corporate Affairs (MCA) has recently released the National Guidelines on Responsible Business Conduct (NGRBC). These guidelines urge businesses to actualize the principles in letter and spirit. For this purpose, the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business, 2011 (NVGS) have also been revised. According to the guidelines, businesses should conduct and govern themselves with integrity in a manner that is ethical, transparent and accountable. Businesses should provide goods and services in a manner that is sustainable and safe. It should also respect and promote the well-being of all employees, including those in their value chains.