Gandhian Trusteeship Concept Explained
The question asks to identify the concept that represents the Gandhian idea of social responsibility.
- Mahatma Gandhi proposed the concept of Trusteeship as his unique approach to social responsibility, particularly concerning wealth and ownership.
- This concept suggests that individuals possessing wealth should act as 'trustees' of that wealth, managing it not for personal gain but for the benefit of society, especially the less fortunate. It emphasizes moral responsibility over legal obligation.
Analysis of Options
Let's examine why the other options are not the primary Gandhian concept for social responsibility:
- Social commitment concept: This is a general term and not specific to Gandhi's unique philosophy. While Trusteeship involves social commitment, it's a distinct principle.
- Sustainable development concept: This is a more modern concept focused on balancing economic growth with environmental and social concerns. It differs from Gandhi's socio-economic and ethical framework.
- Welfare concept: This is a broad term referring to the well-being of people. Gandhi's concept of Trusteeship provides a specific mechanism and ethical foundation for achieving societal welfare through responsible wealth management.
Therefore, the Trusteeship concept is the correct representation of the Gandhian notion of social responsibility.
Important Questions from Corporate Social Responsibility (CSR)
What is the minimum prescribed net profit threshold for Companies to be required to undertake Corporate Social Responsibility activities under clause 135 of the Companies Act, 2013?
Which of the following changes was introduced in 2024 under the Companies Act amendments to enhance corporate social responsibility (CSR) transparency in India?
What is the 'Triple Bottom Line Approach' in CSR as mentioned in the passage?
Given below are two statements :
Statement (I): CSR is a holistic and integrated management concept whereby companies integrate their industrial and future objectives with their business objectives.
Statement (II): In this modern digitalized world, business are required to be mindful both in terms of what they are doing and how they are doing.
In the light of the above statements, choose the most appropriate answer from the options given below:
What is the consequence for companies that fail to most the CSR spending requirement as per the new amendments?
