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Gates, Buffet to urge Indian billionaires for Philanthropy

By SiliconIndia   |   Tuesday, 22 March 2011, 08:52 Hrs   |    7 Comments
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Gates, Buffet to urge Indian billionaires for Philanthropy
New Delhi: Warren Buffet and Bill Gates, two of the world's richest men have set an example to American billionaires and have influenced them to pledge themselves for the work of philanthropy but will their magic work on the super wealthy India's rich people?

India, which has about 55 Billionaires, the third largest after U.S. and China are not very well know for Philanthropic works. Last year when high-tech tycoon Azim Premji donated about $2 Billion for education of the under privileged, he was known as an exception and was called the Warren Buffet of India. Hopefully the two don't have to go empty handed. While charitable giving is widespread in the United States, it is less well established in India, where Gates and Buffet went in September on a similar mission. The duo had last year said they would seek to get fellow billionaires to commit half of their wealth to good causes as part of the "Giving Pledge".

The agenda of the day would start with Buffet meeting CEOs for a two hour breakfast followed by lunch with Buffet and Gates. And finally there will have a three hour interactive session in the evening by Melinda and Bill Gates on philanthropy.

We are proud to partner with India because its innovative approaches are saving and improving lives every day. Yet, despite remarkable achievements, India endures some of the greatest health and development burdens in the world," Gates added.

According to the statement, the couple will also visit Bihar and meet community health workers and state officials to see first-hand the launch of a five-year, $80 Million grant made in partnership with the state government.

"India has done a great job prioritizing maternal and child health through the National Rural Health Mission, and we hope our partnership with the government of Bihar will help to accelerate progress," said Gates.

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Reader's comments(7)
1: During our childhood, its offen our parents give money in our hands to donate. This was the start of charity. Most of the times its said when you donate, let ur left hands doesnt know. Today its all about who donates the highest and then the watch dogs start barking on the misuse of donated money.
The Young generation is more obsesed with cricket and if some dream cricketer starts doing Philanthropy fans will follow.......
Posted by:sunil - 22 Mar, 2011
2: THESE LEFTIST SOCIALIST ELITE BILLIONARES ANTI AMERICAN GANG WHICH INCLUDES WARREN BUFFETT,BILL GATES, GEORGE SOROS MICHAEL BLOOMBERG,MEXICAN BILLIONAIRE AND A ARAB BILLIONAIRE WHO HAVE BEEN USING POLITICS IN AMERICA TO BECOME RICH AND TOOK TERRORIST NATIONS OIL MONEY AS INVESTORS IN THEIRCOMPANY WHERE THEY CONSPIRED TO OWN THE MAIN STREAMMEDIA..THEY USED POLITICS MAKE THEMSELVES THE RICHEST PEOPLE AND NEVER HELPED ORDINARY AMERICANS OR THE POOR TOWNS OR POOR TO COME UP..INSTEAD THEY PRETEND TO BE FOR philanthropy AND ASKING INDIANS TO JON THEM SO THEM THEY CAN SPREAD COMMUNISM SOCIALISM TO BE ELITE CLUB SO THAT THEY CORNER POWER AND MAKE MORE WEALTH AND WHILE USA AMERICAN PEOPLE ARE WITH HIGH UNEMPLOYMENT WHEN THEY ARE PLAYING WITH THEIR HEDGEFUNDS TO GAS PRICES MORE THAN $100 PER GALLON...THESE SCUMBAGS ARE ANTI AMERICAN ANTI INDIAN WHO DO DONT BELIEVE IN AMERICANS AND INDIANS BECOMING A FREE COUNTRY WITH ALL PEOPLE BECOMING RICH EXCEPT THESE SCUMBAGS...
Posted by:ROB SMITH - 22 Mar, 2011
3:
Absolute truth.
truth Replied to: ROB SMITH - 22 Mar, 2011
4: Are you kidding? Do Warren Buffet and Bill Gates know anything about Indian culture? If people are poor and starving they are just reaping the the benefits of their KARMA from their past lives. If you interfere and help them GODS will get angry and punish you! If you are billionaire you are just getting your deserving reward from your KARKA from your past lives. You spend that money like Ambani building a house for himself costing over a billion dollars or celebrate the marriage of your daughter like Mittal spending 100 millian dollars. Please don,t recommend interference with KARMA or you will be punished!
Posted by:Dr. Nair - 22 Mar, 2011
5:
What Mr. Nair....what's dis karka and karma.....

You seem to be a fool....
Ravi Replied to: Dr. Nair - 23 Mar, 2011
6: I think they should actually go to the politicians!
business folks make money with doing some kind of work.
politicians just simply milk and fill their gunny sacks.
If we recover 10% of the wealth accumulated by the politicians india will not have poverty
Posted by:gddy - 22 Mar, 2011
7:
you are right brother, if our politicians take the oath to do some philanthropic work then India will turn to a super power within a short time.
sunil Replied to: gddy - 22 Mar, 2011