Consider the following statements:
I. The Reserve Bank of India mandates all the listed companies in India to submit a Business Responsibility and Sustainability Report (BRSR).
II. In India, a company submitting a BRSR makes disclosures in the report that are largely non-financial in nature.
Which of the statements given above is/are correct?
•Statement I: The Securities and Exchange Board of India (SEBI), not the RBI, mandates listed companies to submit a Business Responsibility and Sustainability Report (BRSR) as per its 2021 regulations. This statement is incorrect. •Statement II: BRSR disclosures focus on non-financial aspects like environmental impact, social responsibility, and governance (ESG factors), so this is correct. Thus, only II is correct, making (b) the answer.