The Oracle of Omaha urges businessmen in India to donate for charity in Bangalore.
It’s not that the businesses in India do not donate charity. Many of companies are indeed doing superb job of handling social obligations. Some of the companies, I worked for have been running orphanage centers, donating computers and teaching children.
However, it is not widespread as it should be. I remember, in my childhood days, my home state suffered from severe drought and heat. I could see tens of “pyaus” or water distribution centers come up on main road. The concept was simple. You were allowed to drink the water from there and not take it to home.
These centers were stocked using the money provided by some of the leading industrialists of the state. It was an act of charity because providing water in a thirsty state was the best thing you could do.
You could go to any village or town and still manage to find one such center existing near by.
It is also written in old Indian scripts that charity should go hand in hand with earning of money( which surprisingly was not considered bad in those days). In fact money generated by traders is used to finance the well being of nation and do charitable cause.
Warren Buffet has donated his 90% wealth to charity which is not very different from what industrialists in India did from a long time. In recent years however the donations and charity examples are hard to hear about.
What Warren Buffet is telling Indians is to go back to the roots and be as charitable as possible. A sound advice from man who has practiced what he preaches. He is telling us to follow the path we knew but forgot on the way.