Ethics Current Affairs - 2020

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“Globalizing Indian Thought”, an International Conclave held at Kozhikode

On January 17, 2020, the International Conclave on “Globalizing Indian Thought” was held in IIM, Kozhikode. PM Modi addressed the conclave. The conclave aimed at revealing India’s thoughts in becoming one of top three economies of the world.

Highlights

India is stepping towards the goal of becoming a 5 trillion Dollar economy by 2025. This will make India one of the top three economies in the world after US and China. It is essential for India to reveal its path while it is achieving such goals. The Conclave is an initiative to achieve this.

The Conclave focuses on India’s thought on development. The thoughts are as follows

  • Satyam-Truth
  • Nithyam-Sustainability
  • Purnam-Wholeness.

The conversations on globalizations have so far been synonymous with westernization. India does not contribute to such conversations. Through these conclaves India says that India has always stick to its intellectual heritage, innovative knowledge system and rich traditions.

According to India, the three thoughts Satyam, Nithyam and Purnam influence the world greatly.

Significance

The Conclave is important as it reveals India and its path towards development to the global market. Ethically, it is important to choose the right path of development. With the world marching towards development, it is important to get hold of traditional routes to sustain mankind. The conclave is important to convey this message to the world. The Conclave also offers opportunities to thinkers across different professions to converge their ideas into creative platforms.

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Tata Steel recognised as one of World’s Most Ethical Companies

Tata Steel has been recognised as one of World’s Most Ethical Companies by the Ethisphere Institute for 2019. Ethisphere Institute is a global leader in defining and advancing the standards of ethical business practices.

For the eighth time, Tata Steel has got the recognition eight times in the ‘Metals, Minerals and Mining’ category. Tata Steel is one of the only two honorees in the ‘Metals, Minerals and Mining’ industry.

World’s Most Ethical Companies 2019

128 companies are recognized for exemplifying and advancing corporate citizenship, transparency and the standards of integrity in the year 2019.

The honorees are from 21 countries and 50 industries. The list includes 16 first-time honorees and eight companies that have been named to the list every year since 2007.

The companies are listed World’s Most Ethical Companies based on their score in the Ethisphere’s Ethics Quotient which collects and objectively scores self-reported data in five weighted categories namely:

  • Leadership and Reputation
  • Ethics Compliance Programme
  • Culture of Ethics
  • Corporate Citizenship and Responsibility
  • Governance

The other Indian company to find a place in the list of World’s Most Ethical Companies 2019 is Wipro.

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