Only Law Can’t Guide Fairness In Business, Inner Value System Can: Suresh Prabhu

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April 19, 2017 The CSR Journal

Only Law Can’t Guide Fairness In Business, Inner Value System Can: Suresh Prabhu

Union Railway Minister Suresh said, being fair in any business is the key to maintaining equality and a better business culture. He was speaking as the chief guest at the 29th Council for Fair Business Practices (CFBP) Jamnalal Bajaj Awards.

Prabhu pointed out inequality and the gap between haves and have-nots as the root causes to most problems. He also spoke about the CSR mandate and said that the statute books cannot guide one for equality. “Fairness is the way to achieve equality. In business practices, fairness should come from your inner value system, only law cannot guide you,” said Prabhu.

CFBP recognises and commemorates businessmen and industrialists who uphold the highest ethical practices in business each year. Constituted in 1988, these awards are judged on eight vital parameters, including customer satisfaction, employee motivation, environmental protection and corporate social responsibility among others.   

This year, the awards were conferred to the winners in the presence of Prabhu and Girish Bapat, Minister for Food, Civil Supplies and Consumer Protection, Food and Drugs Administration, Parliamentary Affairs.

Award winners of 29th CFBP Jamnalal Bajaj Awards 2017


Company Name

Manufacturing enterprise - Large

JSW Steel coated products Limited

Bharat Heavy electricals limited

Manufacturing enterprise - SME

Grauer and Weil (India) limited

Service Enterprises – Large

IDBI Bank Limited

JM Financial Institutions

Trade & Distribution - SME

Mumbai Kamgaar Madhyawargi Grahak Sahakari Sanstha Maryadit, Apna Bazar Co-op

Charitable Association

Chinchani Tarapur Education society

Sakhtidevi Charitable Trust, Tamilnadu


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