Gift of Giving

While instances of philanthropy of the scale seen in the West may not be as common in the developing world, in recent times, it has seen more people come forward and donate to charity.

An Indian is among the latest to join the list of such exemplar donors—Larsen & Toubro chief AM Naik told The Economic Times in an interview that he has pledged 75% of his life-earnings to charity. Though the outgoing head of L&T is not new to philanthropy—he runs a charitable foundation for education and skilling and a medical trust—his recent commitment is expected to put him in the league of Azim Premji and Nandan Nilekani................Read more



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