The Idol Spot

Ethics are moral principles that guide a person’s behaviour. These morals are shaped by social norms, cultural practices, and religious influences. Ethical decision making is the process of assessing the moral implications of a course of action. All decisions have an ethical or moral dimension for a simple reason—they affect others. Managers and leaders need to be aware of their own ethical and moral beliefs so they can draw on them when they face difficult decisions. Ethical decisions can involve several determinations. The field of ethics, also known as moral philosophy, shows that there are various ways of systematizing, defending, and recommending concepts of right and wrong conduct. For example, from a consequentialist standpoint, morally right action produces a good outcome or consequence. A utilitarian perspective takes the position that the proper course of action maximizes overall happiness. WHAT ARE MANAGERIAL ETHICS? HOW CAN WE DEFINE ETHICS IN MANAGEMENT? Ethical management...

PREFACE Prevention of Money Laundering Act, 2002 was enacted to fight against the criminal offence of legalizing the income/profits from an illegal source. The Prevention of Money Laundering Act, 2002 enables the Government or the public authority to confiscate the property earned from the illegally gained proceeds. INTRODUCTION  Any person who directly or indirectly: Attempts to indulge. Assists the person who is involved in any process. Is a party to the activity connected with the proceeds of crime. As the supply of illegal arms, drug trafficking, and prostitution, which can generate huge amounts of money and project or claim it as untainted property; shall be guilty of the offence of Money Laundering. The Act was formulated for the following objectives: 1. Prevent money- laundering 2. Combat/prevent channelising of money into illegal activities and economic crimes. 3. Provide for the confiscation of property derived from, or involved/used in, money laundering. 4. Provide for ma...