Industrial development plays a crucial role in the economic growth of any country. However, in India, a significant number of industries, both large and small, face financial distress and operational inefficiencies, leading to industrial sickness. This issue not only affects employment but also impacts the overall economic progress of the country. This article delves into…
Introduction Capitalism and social justice are often perceived as opposing forces. Capitalism, driven by free markets, private ownership, and profit motives, is seen as fostering competition, wealth accumulation, and economic inequality. On the other hand, social justice aims to ensure fairness, equity, and equal opportunities for all individuals, regardless of their socio-economic background. This apparent…
Introduction A code of conduct is a vital set of ethical guidelines that govern behavior in professional, corporate, and governmental settings. Among the five core principles of a code of conduct—Integrity, Respect, Responsibility, Fairness, and Transparency—choosing which principle to prioritize is crucial. While all principles are interrelated and essential, Integrity stands out as the most…
Introduction Corruption is one of the most significant obstacles to national development, economic progress, and good governance. It leads to the misuse of government resources, administrative inefficiency, and a lack of trust in public institutions. The diversion of public funds for private gain weakens essential services, reduces economic opportunities, and impedes the overall progress of…
Introduction Corporate governance refers to the system of rules, practices, and processes by which companies are directed and controlled. Ethical corporate governance is essential for maintaining stakeholder trust, ensuring transparency, and fostering sustainable business practices. However, ethical issues in corporate governance are prevalent across industries, leading to financial scandals, loss of reputation, and even economic…
Introduction Ethics and morality play a crucial role in shaping individual behavior and societal harmony. Various principles and guidelines exist to ensure discipline, fairness, and moral conduct in both professional and personal life. Two fundamental concepts in professional ethics are the Code of Ethics and Code of Conduct, often used interchangeably but fundamentally different. Similarly,…