Startups may have to report their role towards India’s sustainability goals
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In a bid to make businesses in India pay attention to the larger good of the society, a committee set up by the ministry of corporate affairs (MCA) has proposed a new regime for them to report how sustainable and responsible they are. The reporting requirement, which will be introduced in a gradual and phased manner, aims at forcing businesses to go beyond meeting the objectives of shareholders and contribute to the society.