A. “There is only one responsibility of business, namely to use its resources and engage in activities designed to increase profits.” Do you think corporations, by indulging in social responsibilities, are compromising their core resource utilisation and production responsibility by diverting resources into unproductive social endeavours?

1. Cyclic approach

• Give back to the society what is due.
• It is a moral duty.

2.) Creates goodwill

• By giving back, corporates create public goodwill.
• Eg. Tatas are widely respected due to philanthropic actions.

3.) Values humanity :- [Humanity > Profits]

• Creates a virtuous cycle of valuing others.
• Cascading effect on other corporates.

4.) Overcomes greed

• By performing social responsibilities, value of benevolence is displayed.

5.) Business without ethics is one of the 7 sins as per Gandhiji.

6.) Businesses are trustees of people's resources, thus it is their duty to share the profits.

initiatives under CSR must be enhanced as the world needs more people like Azim Premji.

Indian ethos are rooted in Societarian principles and other focussed behaviours, thus more vital than ever in present context.

Relevance of values for public servants-

I) Tyaga (Sacrifice) (Renunciation) 1.) To get away with personal interests. 2.) Checks corruption. 3.) Makes oneself benevolent and thus public interests are furthered.

II) Seva (Service) 1.) As per Socrates' concept of ideal man, a public servant must do service without fear. 2.) Seva in public service implies dedication to duty, thus it is needed to further the inclusive growth in an unequal Society. 3.) Service is the core philosophy of public service where public interest is the driver.

• Eg. IAS officer in Kerala undertook relief work with dedication in wake of floods.

III) Charity (Daanam)

1. Charity should be understood in terms of benevolent attitude of public servants.
2. It is about going extra mile to serve the public purpose.
3. It may imply, giving away comforts.

IV) Damah (Self control) -

1. It is about resistance to worldly temptations.
2. It is also needed to check abuse of power.
3. Self control is displayed by being emotionally intelligent.