The Corporate Affairs Ministry is undertaking "rigorous consultations" with stakeholders for formulating a National Action Plan on Business and Human Rights, according to a public notice.
The ministry, which implements the companies law, is steering the process of formulating the plan.
"The obligation to draft a NAP (National Action Plan) stems from India's endorsement of the United Nations Guiding Principles (UNGPs) on Business and Human Rights adopted in the UN Human Rights Council (UNHRC)," as per the notice.
It would be based on three principles -- "State Duty to Protect", "Corporate Responsibility to Respect" and "Access to Remedy".
According to the notice, a country's plan is expected to demonstrate how these principles are already being implemented, what the gaps are, and how they should be addressed.
The UN Working Group on Business and Human Rights (UNWG) has prepared a guidance note on NAP that mentions about four criteria, including that the plan should be based on UNGP as well as developed in an inclusive and transparent manner.
At present, about 45 countries, including India, are either drafting or have finalised their NAPs, the notice said.
"The ministry is currently undertaking rigorous consultations with all stakeholders to finalise the document at the earliest," it said.
In this regard, the ministry has sought comments on developing the NAP, and submission deadline is March 10.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
