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Premji leads by example

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Philanthropy got a boost when Wipro’s chairman Azim Premji announced on 1 December to donate Rs 8,846 crore to improve school education in India. The Azim Premji Foundation earlier in 2001 had received Rs 600 crore and now with an additional $2 billion it aims to improve primary school education and development in rural India. The aim of this trust is to fund social and charity initiatives and to promote elementary education in remote rural areas. praising Ajim Premji for his philanthropic gesture, Rajan Zed, President of Universal Society of Hinduism, in a statement on 3 December at Nevada in USA, asked Indian billionaires and millionaires to donate generously to charitable causes. He urged India’a large business houses to pledge at least one third of their wealth to charity. Presently there are approximately 69 billionaires in India and the country is still far behind in terms of charity donations. Bill Gates is on the top of the donors club as he has donated $ 28 billion to charitable causes. But the big question is will Premji be able to encourage wealthy Indians to join the philanthropic race as prevalent in America? Notably, America’s Bill Gates and Warren Buffett are persuading wealthy Americans to give at least 50 percent of their wealth to charity. 

MG news desk

This article appeared in The Milli Gazette print issue of 16-31 December 2010 on page no. 1

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