r
It will allow the government to draw a holistic assessment of the current
legal framework in order to identify the pros and cons of business
regulations and prospects respecting human rights.
r It could be responsive to a range of contexts like violations of human
rights by Indian corporations and their subsidiaries, foreign companies,
and the informal sector.
r It will enable the conduct of informed discussions on how the companies
in a mixed economy like India can do good business without violating
labor laws and exploiting administrative loopholes.
r Corporate Social Responsibilities (CSRs) like the National Voluntary
Guidelines, Environmental and Economic Responsibilities of Business,
the Companies Act of 2013, and the Bilateral Investment Treaty 2015
will be overseen and encouraged.
r Development of projects will not be slowed down due to resistance
from affected communities if the framework is allowed to properly
function.
r It empowers all sectors of the economy by avoiding social conflicts and
equitably sharing the gains from growth.
r It will create an environment conducive to private investment and
growth-led development, at the same time being inclusive and
sustainable.
Recommendations
There is a need for a fuller adoption of the UNGP on Business and Human
Rights in India. While laws are in place to address human rights and their
violations regarding businesses and private welfare (Smith, 2014), their practical
contributions are rather underwhelming. It gives rise to the need to undertake
more studies to make laws realistically effective, founded on the guiding
principles as a harmonious framework.
According to Surya Deva, Professor at City University of Hong Kong, the
necessity of a BHR framework depends on how effective the current mechanisms
are. On one hand, it is ideal for the business sector and the legal regulators to
host only one framework at the national and international level. On the other
hand, however, a multitude of frameworks might be necessary since no single
framework could capture all issues related to human rights and its interactions
ANGOC and KPA
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