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While the government has taken several steps to encourage investment in India, discuss why the domestic private sector investment continues to be muted.
India's investment rate, though among the highest in the world, has declined to about 31% of GDP as an average of 2015-16 to 2019-2020 from its peak of 39% in FY2012 (CEIC data). Corporate sector accounts for only about half of total investments, amounting to about 15% of GDP. Considering the infrasRead more
India’s investment rate, though among the highest in the world, has declined to about 31% of GDP as an average of 2015-16 to 2019-2020 from its peak of 39% in FY2012 (CEIC data). Corporate sector accounts for only about half of total investments, amounting to about 15% of GDP. Considering the infrastructure deficit, the government of India has taken several steps to revive private investment e.g., National Asset Reconstruction Company Limited (NARCL), and India Debt Resolution Company Limited (IDRCL) for aggregation and resolution of Non-Performing Assets (NPAs) in the banking industry, Insolvency and Bankruptcy (Amendment) Code 2021, reduction in corporate tax, and the Production Linked Incentive Scheme (PLI), etc. The share of private sector in gross fixed capital formation in India remains muted due to following reasons:
If India has to achieve 8% plus real GDP growth on a sustained basis, it must revive private investment to over 25% of GDP from the current level of 15%. In budget 2022-23, the capital expenditure has been raised to 35.4% of GDP to continue the public investment-led recovery of the pandemic-battered economy. This, along with the global geo-political situation in Europe, tightening of monetary policy in the USA and relatively stable macroeconomic conditions in India, is expected to create a scenario where India can attract more private investments in the near future.
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Answer: The given case pertains to the continued practice of defecating in the open by many people despite the availability of sanitary latrines in a district, which has already been declared as 'Open Defecation Free' (ODF). It reflects the fact that behavioral change is difficult to achieve and itRead more
Answer: The given case pertains to the continued practice of defecating in the open by many people despite the availability of sanitary latrines in a district, which has already been declared as ‘Open Defecation Free’ (ODF). It reflects the fact that behavioral change is difficult to achieve and it requires the will of officers, continuous monitoring, and emotional intelligence to ensure that the status is maintained in perpetuity. (a) Reasons behind the unceasing practice of open defecation despite the availability of sanitary latrines:
(b) As the Sub-Divisional Magistrate (SDM), I have the following options along with their merits and demerits:
(c) As the SDM, I will take the following course of action in order to serve the public interest:
The issue highlighted in this case study is a real issue in many areas of our country, which requires high emotional intelligence besides effective persuasion to change people’s attitudes.
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Answer: The above case highlights the plight of a transgender person in a workplace environment. Even though organisations are ready to welcome transgender people into the workplace, employees are not ready to accept them as just another colleague or employee. In the given case, they have shown unneRead more
Answer:
The above case highlights the plight of a transgender person in a workplace environment. Even though organisations are ready to welcome transgender people into the workplace, employees are not ready to accept them as just another colleague or employee. In the given case, they have shown unnecessary interest in her personal life. She feels discriminated against and harassed at the workplace.
(a) Ethical issues in the case:
(b) Options available to me, as the Managing Director:
(c) Evaluation of each option and course of action
Course of action: As a managing director, I will forward the complaint to the Internal Complaints Committee and will ask them to conduct a fair investigation of the issue. If found guilty, appropriate disciplinary action will be taken against those found guilty.\
Reasons for the course of action:
To avoid such instances in the future, a long-term course can be charted out like a new Code of Conduct emphasising the importance of gender neutrality, establishing a grievance cell, hiring more transgender people etc. According to a World Bank estimate, the cost of social stigma and exclusion of LGBT people in India is $31 billion. So, it is necessary to break the social stigma in our society. As a Managing Director, adopting the above course of action is a win-win situation for both Miss “A” and the organisation.
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Answer: The case involves the adoption of unethical practices by the pharmaceutical companies and their representatives to influence the sale of their medicines by providing gifts and other benefits to the doctors, who prescribe the medicines to their patients. In the absence of strict enforcement,Read more
Answer:
The case involves the adoption of unethical practices by the pharmaceutical companies and their representatives to influence the sale of their medicines by providing gifts and other benefits to the doctors, who prescribe the medicines to their patients. In the absence of strict enforcement, such practices are rampant in India.
(a) Ethical dilemmas faced by me as the Regional Sales Manager of a pharmaceutical company include:
(b) As the Regional Sales Manager, three options are available to me. The options and their respective merits and demerits include:
In the given situation, I would choose Option 3 due to the following reasons:
(c) The following alternatives can be considered by the pharmaceutical companies to increase their sales and growth:
See lessExploring alternative markets: Indian pharmaceutical companies are known for their cost-benefit and high quality of medicines. The companies should actively explore other markets such as East Asia, Latin America, Africa, etc. for potential business opportunities. The government can extend support through market information and by facilitating better trading relations with countries in the regions. Associating themselves with certain causes: For instance, shifting CSR towards women empowerment, rural development or towards people with disabilities, sourcing raw materials from nations which procure them ethically, etc. Reducing the cost of medicines: The companies can reduce the price of medicines by adopting better technology or by giving up a share of their profit margins. Lesser price would enhance the competitiveness of the companies.
Pharmaceutical companies are trusted partners in the healthcare system in the country and have played a tremendous role in ensuring access to affordable and quality medicines not only in India but across the world. Such unethical practices by the marketing branch of the companies should be dealt with a strict hand.
Ethics case study
Answer: The given case study highlights an issue where a public figure who has been accused of sexual harassment at the workplace by his co-workers has been invited to a public reality show. The show will be televised on a national channel with wide viewership. The producer in question has reservatiRead more
Answer: The given case study highlights an issue where a public figure who has been accused of sexual harassment at the workplace by his co-workers has been invited to a public reality show. The show will be televised on a national channel with wide viewership. The producer in question has reservations about such a move. (a) The ethical issues in the case include: Disparagement of victims: Giving a person accused of a heinous crime a national platform and wide publicity is tantamount to disrespecting hundreds of women who have faced sexual harassment in the workplace. Reflects poorly on public morals: Giving publicity to such a person creates disillusionment among the crusaders of women’s issues. Further, it shows the poor state of public morality that exists in the society. Mockery of justice: Such action by national television sends a message that those who are powerful and socially well-connected can get away with anything. It makes a mockery of the justice system and the rule of law. Patriarchal nature of society: An issue that is evident here is that men can enjoy a certain degree of impunity while women, who are often at the receiving end of crimes, that are sexual in nature, are publicly trolled, undermined, bullied and even intimidated by dragging them through court procedures. Legitimacy to the criminal while delegitimizing the movement: Acceptance of such influential persons by their colleagues and the industry provides legitimacy to the actions and conduct of the accused. It also undermines the women who got inspired by the movement that gave them the courage to confront men who had persistently oppressed them, and in the process revealed the extent of rot in the system. Not guilty till proven so No one should be robbed of his/her livelihood just because he/she is alleged to have engaged in certain wrongdoings. The court’s verdict should supersede any media trial. Profit-seeking at any cost: The arguments given by certain producers that controversy is good for the show are immoral and decadent. Money-making should not be done at the cost of another person’s pride and honor. (b) Options available to me as the producer and the best course of action include: Staying silent on the matter and letting the accused be a part of the show. Making my displeasure/reservations known to the higher management of the channel. Making a public statement in the media stating that the rule of law should take its own course. Meeting the host of the show and persuading him to convince the accused to voluntarily withdraw from the show. Course of action: I will call a meeting with other producers and makers of the show, including the host. I will propose that the accused should either be removed from the show or he should voluntarily withdraw. A meeting will ensure that all the stakeholders are involved and heard before coming to a decision. It will also ensure everyone’s accountability. I accept that a person is not legally guilty until proven so in a court of law, but at times, morality takes primacy over legality. A public show, which is very popular in the country, should adhere to the moral standards of society. (c) Pros and cons of media trial in such instances are: Pros: It brings wider attention to the issues of national importance. At times, it pressurizes the state to pay heed to the public issues and demands. Cons: It creates sensationalism. At times, it makes visual media a theatre of verbal terrorism, visual extremism, and content fundamentalism. The race for viewership has put corporate media houses into the toxic triangle of viewership, ratings, and revenue. The issues/facts of the matter take a backseat in such cases. Media trials are often biased and premature judgments are made on the basis of religion, ethnicity, or race. Stereotypes are created and that may even influence the investigating agencies and court’s judgments. The media should remain a conscience keeper of democracy by ensuring factual and impartial scrutiny of public issues. The domain of ‘trials’ should be left to the other organ of the democratic state i.e. the Judiciary. Also, sexual harassment should be dealt with strictly and television shows should play their part in preventing instances of sexual harassment.
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strong>Answer: The case presents a scenario where on the one hand, the number of electric vehicles on the world's roads is rising fast, while on the other hand, due to child labour, a large number of children in India remain vulnerable and face physical and psychological risks to a healthy develoRead more
strong>Answer: The case presents a scenario where on the one hand, the number of electric vehicles on the world’s roads is rising fast, while on the other hand, due to child labour, a large number of children in India remain vulnerable and face physical and psychological risks to a healthy development. The key stakeholders in this case study are the State represented by the District Magistrate, mine workers (including children), industries using cobalt, and the society at large. (a) Ethical issues involved in the given case:
(b) Reasons for the prevalence of child labor in India: Despite various legal and institutional measures like ratifying the ILO conventions, implementing the Child Labour (Prohibition and Regulation) Act, 1986, formulating the National Policy on Child Labour (1987), etc., child labor is prevalent and persistent in India owing to the following reasons:
(c) Steps that can be taken to address the issue of child labor in the district are the following:
A climate-friendly solution should not be at the expense of children’s basic rights. Stakeholders like industries should ensure that they are not adopting any measure that results in the abuse of the basic human rights of children. Collaborative action from all key development actors, including the state, civil society organizations, communities, media, and the private sector is required to prioritize and protect the rights of children.
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Answer: The present case relates to the grievances of the local communities against a developmental project leading to protests, which has the potential to disrupt the economic growth of the country. (a) In this context, the relevant stakeholders and their issues are as follows: The farmer groups anRead more
Answer: The present case relates to the grievances of the local communities against a developmental project leading to protests, which has the potential to disrupt the economic growth of the country. (a) In this context, the relevant stakeholders and their issues are as follows:
(b) The merits and demerits of ceding to the demands of the protestors to halt the construction and provide better compensation including assured jobs are as follows: Merits:
Demerits:
(c) To address the concerns of the protesting farmer groups in an ethical manner, I would consider the following course of action:
Preparing a people-centric Detailed Project Report (DPR), effective communication, public awareness and outreach, access to information in a transparent manner, cooperation with the Central and state security agencies, taking civil society organizations on board, and an effective grievance redressal mechanism can lead to equitable benefit sharing and help achieve the goal of national development in an inclusive manner.
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Answer: The given case represents a situation where teenage students are put under immense social and family pressure to perform academically well. The coaching institutes are showing apathy and are motivated only by commercial gains. It also highlights the lackluster approach on the part of the govRead more
Answer: The given case represents a situation where teenage students are put under immense social and family pressure to perform academically well. The coaching institutes are showing apathy and are motivated only by commercial gains. It also highlights the lackluster approach on the part of the government and district administration to regulate the industry. (a) Stakeholders involved in the case and the ethical issues involved:
(b) Given the situation, I as the DM can undertake the following course of action:
(c) Reasons for increased suicides among students:
Steps that can be taken in the long term to prevent suicides:
The Indian education system needs an overhaul where the shift from rote learning to comprehensive learning through the development of critical and analytical thinking should be made.
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