• Mrs. Aparna Rajhans
• Mr. Budhapalli Prashant

The paper tries to focus on how to be a good person, how to live a good life and how to help create a good society through ethical business practices. It also focuses on the concept of Corporate Social Responsibility (CSR). It focuses also upon business houses and their work in relation to the larger social,ethical, human context and environmental concerns through the ancient scriptures, morals and practices enshrined in them. Much of modern management principles existing today can be derived from the body of knowledge of the Ancient Indian scriptures. Through the wisdom of ancient Indian scriptures, the existing modern management paradigms can be made more sustainable in practice. The spiritual wisdom of the Vedas, Upanishads, Bhagvad Gita, and the Gnomic and Didactic poetry of the Subhasitanis, Panchatantra Hitopadesh, Jatakakathas and last but not least, ‘The KautilyanArthashastra’ and its maxims not only promote a more ethical and responsible leadership on an individual or institutional level but also move towards the direction of restoring world peace and a better world economic order through coupling globalization with spiritual congruence. It is time that modern management thinkers should embrace the importance of ancient Indian ethos in filling the gaps that exist in the existing paradigms of leadership and management in running and conducting business ethically and morally based on values.

Indian ethos, scriptures, Arthashastra, Didactic poetry, CSR

"INTERNATIONAL CONFERENCE ON INNOVATION AND RE-ENGINEERING OF MANAGEMENT PRACTICES FOR SUSTAINBILITY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 2, page no.96-100, February-2019, Available :http://www.jetir.org/papers/JETIRY006015.pdf

"INTERNATIONAL CONFERENCE ON INNOVATION AND RE-ENGINEERING OF MANAGEMENT PRACTICES FOR SUSTAINBILITY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 2, page no. pp96-100, February-2019, Available at : http://www.jetir.org/papers/JETIRY006015.pdf