We have to create world class institutions with a soul: Mukesh Ambani

[Nikkar Narayana]

Amid the debate over making it mandatory for companies to spend at least 2 per cent of profits on CSR activities, RIL Chairman and India's wealthiest person Mukesh Ambani today suggested improving corporate social responsibility to Continuous Social Business.

"The purpose of any business cannot be only profit. Profit for the shareholders is important. But unless entrepreneurs have a larger purpose and businesses that change lives of millions of people, a sustainable business cannot be created," he said at FICCI's Annual General Meeting here.

"We will have to move from a model of Corporate Social Responsibility to a model of Continuous Social Business through enterprise and entrepreneurship," he said. "For that, we will have to create world class institutions with a soul."

"It is important to get the business of businesses right," he said, adding that the primary responsibility of business is social improvement.

The Parliamentary Standing Committee on Finance has proposed that companies should spend at least 2 per cent of their annual profits on CSR activities, but the industry has opposed the proposal.

Calling for increased spends from the government in healthcare and education, Ambani said that outlays in healthcare formed only 1 per cent of India's GDP, which he said needs to grow at least five-folds.

"Our demographic dividend, the youth and the young, are largely unprotected and uncared for. We will need to radically transform healthcare delivery to all our people," he said.

"Current food prices justify heavy investment and job creation has to be through agriculture and rural economic growth," Ambani said. He foresees an additional USD 500 billion opportunity for India in agriculture output.

The opportunity in Indian agriculture is as big as it is in energy, he said, adding that the country needs more policies like the liberalisation policy of 1991.

[Saamy]

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[Alfred pichikaaki]

[quote author=Saamy link=topic=161888.msg1936434#msg1936434 date=1298997465]
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[/quote]antha good anipinchinda...[img]http://i49.tinypic.com/2quok7s.gif[/img]

[Cheddi Chinnodu]

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[queen]

ambani  you rock mana SPY Reddy kooda  you rock

[Venky Fan]

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[Saamy]

[quote author=ALFRED PICHIKAAKI link=topic=161888.msg1936435#msg1936435 date=1298997498]
antha good anipinchinda...[img]http://i49.tinypic.com/2quok7s.gif[/img]
[/quote]

Business gurinchi emi chepina....interestinga vintanu.... Vadu chestado ledho teliyadhu kani....social responsibility, character lekunda dabbulu e business chesi enta sampadinchi upoyogam ledhu anedhi na philosophy....Vadi chepina danilo....business should have larger purpose and change lives of millions of people ane concept nachindhi....anduke  *=: *=: *=: ananu....

[Alfred pichikaaki]

[quote author=Saamy link=topic=161888.msg1936459#msg1936459 date=1298997969]
Business gurinchi emi chepina....interestinga vintanu.... Vadu chestado ledho teliyadhu kani....social responsibility, character lekunda dabbulu e business chesi enta sampadinchi upoyogam ledhu anedhi na philosophy....Vadi chepina danilo....business should have larger purpose and change lives of millions of people ane concept nachindhi....anduke  *=: *=: *=: ananu....
[/quote]matter baane undi baa... its a very good thing if implemented.... kaani naaku eellla mida nammakam ledu.... F@!n F@!n

[queen]

[quote author=ALFRED PICHIKAAKI link=topic=161888.msg1936461#msg1936461 date=1298998038]
matter baane undi baa... its a very good thing if implemented.... kaani naaku eellla mida nammakam ledu.... F@!n F@!n
[/quote]

andaru nisswardhaparulu, manchivaallu ayythe mana desam inka prapancham ila enduku undedii

[Saamy]

[quote author=ALFRED PICHIKAAKI link=topic=161888.msg1936461#msg1936461 date=1298998038]
matter baane undi baa... its a very good thing if implemented.... kaani naaku eellla mida nammakam ledu.... F@!n F@!n
[/quote]

Don't complain ...but just follow your principles anedhi na philosophy... sHa_fr1ends sHa_fr1ends sHa_fr1ends

It doesn't matter if u believe them or not....it matters if u will follow the points mentioned or not.... sHa_fr1ends sHa_fr1ends sHa_fr1ends

[Nikkar Narayana]

[quote author=Saamy link=topic=161888.msg1936459#msg1936459 date=1298997969]
Business gurinchi emi chepina....interestinga vintanu.... Vadu chestado ledho teliyadhu kani....social responsibility, character lekunda dabbulu e business chesi enta sampadinchi upoyogam ledhu anedhi na philosophy....Vadi chepina danilo....business should have larger purpose and change lives of millions of people ane concept nachindhi....anduke  *=: *=: *=: ananu....
[/quote]
@gr33d @gr33d @gr33d @gr33d atleast someone is saying that they need to do their part

[Alfred pichikaaki]

[quote author=Saamy link=topic=161888.msg1936480#msg1936480 date=1298998350]
Don't complain ...but just follow your principles anedhi na philosophy... sHa_fr1ends sHa_fr1ends sHa_fr1ends

It doesn't matter if u believe them or not....it matters if u will follow the points mentioned or not.... sHa_fr1ends sHa_fr1ends sHa_fr1ends
[/quote]I definitely follow baa... but oorike veella mida comment vesa... not complaining...  sHa_high5ing

[Alfred pichikaaki]

[quote author=queen link=topic=161888.msg1936479#msg1936479 date=1298998342]
andaru nisswardhaparulu, manchivaallu ayythe mana desam inka prapancham ila enduku undedii
[/quote] F@!n F@!n F@!n

[queen]

@gr33d manam chesi pani inka manam okari panikirakapoyna/sahayapadakapoyna ...e janma ki artham emm undi ??  sHa_fr1ends sHa_high5ing[quote author=Saamy link=topic=161888.msg1936459#msg1936459 date=1298997969]
Business gurinchi emi chepina....interestinga vintanu.... Vadu chestado ledho teliyadhu kani....social responsibility, character lekunda dabbulu e business chesi enta sampadinchi upoyogam ledhu anedhi na philosophy....Vadi chepina danilo....business should have larger purpose and change lives of millions of people ane concept nachindhi....anduke  *=: *=: *=: ananu....
[/quote]

[queen]

[quote author=ALFRED PICHIKAAKI link=topic=161888.msg1936487#msg1936487 date=1298998492]
F@!n F@!n F@!n
[/quote]
what does that mean sCo_hmmthink sCo_hmmthink