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Industrial unrest is a matter of serious concern: Prime Minister

Industrial unrest is a matter of serious concern: Prime Minister

NEW DELHI: Prime Minister’s Speech at the Distribution of PM’s Shram Awards Following is the text of the speech of the Prime Minister Dr Manmohan Singh at the distribution of PM’s Shram Awards in New Delhi on 13 October 2011: “Each year we honour some of our best workmen and workwomen with the Shram Awards. […]

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Billionaire investor Rakesh Jhunjhunwala pledges 25 pc of wealth for charity

Billionaire investor Rakesh Jhunjhunwala pledges 25 pc of wealth for charity

MUMBAI: Billionaire investor Rakesh Jhunjhunwala, often referred to as India’s Warren Buffet for his investment strategy, has decided to pledge one-fourth of his wealth for charity – marking yet another common-ground with the legendary American investment guru. Besides his investment acumen, Buffett is also known for his philanthropy and recently asked wealthy Indians to give […]

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Donations by Indians grew by half in last 4 years: Study

Donations by Indians grew by half in last 4 years: Study

MUMBAI: Philanthropic donations by wealthy Indians have grown by half in the last four years and touched approximately 5-6 billion USD, or up to 0.4 per cent of GDP, in 2010, a study by consulting firm Bain and Company said. Further, the study, in which 300 wealthy individuals participated, has found that 40 per cent […]

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“When we are doing things, we have much less time for pessimism”

“When we are doing things, we have much less time for pessimism”

Interview with Rohini Nilekani, Chairperson and Founder, Arghyam , has been deeply involved in development issues for many years now. An ex-journalist, a writer and a philanthropist, she has co-founded Pratham Books, a non-profit publishing enterprise to produce high quality, low cost books for children in several Indian languages. “Chat over Chai”, is an interactive […]

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India Philanthropy Report 2011

India Philanthropy Report 2011

Introduction A year ago, Bain & Company published the first edition of the India Philanthropy Report. We were surprised by the chord that it struck and the conversation it provoked about the state of philanthropy in the country. Our perspective last year was that private giving in India—both individual and corporate—lagged significantly behind global benchmarks, […]

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Philanthropy in India: Indians give just 1.5-3% of their annual incomes

Philanthropy in India: Indians give just 1.5-3% of their annual incomes

MUMBAI: Indian philanthropy is at a critical juncture in its evolution. Amid recent attempts to consolidate, renew and redirect giving practices, revelations on the expansion of private-charity contributions from 0.2% of GDP in 2006 to 0.3-0.4% show Indian philanthropy is pregnant with possibilities. Indians still give just 1.5-3% of their annual household incomes, as against […]

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Azim Premji pledges Rs10000 cr for schools project

Azim Premji pledges Rs10000 cr for schools project

Economic Times reported that Wipro’s Azim Premji is set to give some competition to two of the world’s most richest and most active philanthropists – Bill Gates and Warren Buffett. The Azim Premji Foundation will spend Rs 10,000 crore for setting up schools and educational institutes across the country, the foundation’s CEO, Dilip Ranjekar, announced […]

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The black hole of philanthropy

The black hole of philanthropy

Economic Times Reported that the high-profile pledging of most of their wealth to philanthropy by American billionaires Bill Gates and Warren Buffet , and the contribution by Azim Premji of 8,846 crore to his foundation for education, the largest-ever donation by an Indian, have directed the spotlight on philanthropy. This is welcome. Though charity has […]

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GMR Chief ‘Gives’ Away Rs 1,540 Crore

GMR Chief ‘Gives’ Away Rs 1,540 Crore

MUMBAI: GM Rao, chairman of infrastructure group GMR group, on Tuesday said he has committed Rs 1,540 crore ($340 million) towards the corporate social responsibility (CSR) arm GMR Varalakshmi Foundation. Rao’s announcement came on the day when Warren Buffett (third richest person in the world) and Microsoft co-founder Bill Gates (second richest person) are on […]

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An overview of Philanthropy in India for the year 2010: INDIACSR report

An overview of Philanthropy in India for the year 2010: INDIACSR report

Mahatma Gandhi ji said, “We must be the change we wish to see in the world.” This the fact that some 42 percent of Indians, or 455 millions people, live on less than 1.25 dollars a day, according to World Bank and India’s statistics on health, infant mortality and malnutrition are worse than those for […]

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