DOES OUR BUSINESS HOUSES HAVE SOCIAL CONSCIENCE

The Indian business houses do some charities as a public relation exercise. They do not spend from their personnel wealth. Whatever money spent is accounted in the books of the company or its subsidiary or a SPV created for publicity. We need lot of funds in the field of education, basic health care, housing and infrastructure, particularly in the rural areas. The corporates are interested in enriching themselves in the name of creating value for stake holders. We have business magnets who are ready to invest up to Rs 1000cr for a housing complex for themselves and for their beloved ones. Lakhs of houses can be built for the poor even if 10% such amount is earmarked for social cause.This is only an example. Business magnets spend mind blowing money on marriages, birthday parties / other parties.They have left the uplift of the poor entirely at the mercy of the selfish politicians. No one is worried about the poor. Expecting the Indian businesses to follow the Buffet and Bill Gates philanthropy is a mirage.