The revised curriculum for the master’s degree and postgraduate diplomas in business management will now include a course on Indian ethics and concepts as a part of the syllabus. Students in business schools will now have to be aware of Indian concepts which will also have lessons of Kautilya’s Arthashastra, Hindustan Times reported. Arthashastra, which is an ancient treatise on statecraft, economic policy and military strategy will be imparting important knowledge to the students to deal with the situations that may arise in their careers. AICTE, the regulator for technical institutes and business schools in the country has drawn up the model curriculum for the MBA students. According to it, the inclusion of such study material to the course will impart ‘good values” in the lives of the future CEOs and CMDs.
The AICTE introduced a mandatory course, that it has named “Indian ethos and business ethics”, which will come into effect this year. The course will include “gurukul” system of learning and even karma. This will also include the ancient Hindu concept of cause and effect where two major reasons, ie intent and action become the reason of influence in an individual’s life. Management lessons will not be from the usual B-school books since the teachings will now come straight out of lessons from the Vedas, the Mahabharata, the Bible and the holy book of Quran. As per the course, the innumerable scams in Indian business have been largely due to lack of moral scruples.
It says that scandals like Satyam, NSEL crisis, Sahara scam and the increasing trend of bank defaulters by big business organisations all portray the weak foundation and ethics present in Indian businesses. Hence, the addition of such a course to the curriculum aims at making future business professionals corruption-proof.