As a supervisor in an Indian (provincial) university there are various limitations and pulls/pushes. How to cope with these and how to produce satisfactory results is my basic issue.
As a research guide, your first and perhaps the only commitment is towards the student. Before accepting a student, you need to ensure that you will be able to guide the student in seeking and disseminating knowledge that he needs to complete his thesis. You do not need to find information for him; you just need to point towards it and ensure that the student has enough motivation to keep going.
There are push and pulls in every work environment to a varying degree. However, as a supervisor we must ensure that it doesn't effect our student negatively in any way.
In my point of view most important think is be responsible to teach, and be sure of what a student gain. last but not least, encouraging and motivating student to be a better researcher.
As a research guide your first responsibility is to be aware about the happening in your area and identify the research gaps,which you can guide your students for their research work. You need to be well versed with the procedures of the university where u r registered as a guide so that ur students dont face any administrative hurdles
1. Responsibility to motivate your student. So that, the research as a science will have devoted people working.
2. Responsibility to engage the student to finish the project with honest information. So that, we will have new trustful investigations. (here you have two objectives: completed research, performed with honesty)
3. Responsibility to provide the student with updated techniques. Here, you are the one who needs commitment in order to stay well informed and updated
4. Responsibility to be interested in your student topic, and not on what do you find more interesting. :)