Share Pledging and its consequences: A study of Indian firms by ISB
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Family business in India will continue to play a catalytic role in nation – building – India Education | Latest Education News | Global Educational News
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People wait to refill medical oxygen cylinders for Covid-19 coronavirus patients at a private refill centre in New Delhi on May 7, 2021. - AFP
NEW DELHI (The Straits Times/ANN): In a country home to the world s third-highest number of billionaires, questions have mounted over the lack of contribution from its uber rich to support India s fight against a crippling second wave of the Covid-19 pandemic.
Unlike in the first wave, when several among India s super rich contributed generously, their role during the ongoing second wave has mostly been symbolic or focused on measures such as boosting oxygen supply.
Reliance Industries Limited (RIL), owned by India s richest businessman Mukesh Ambani, donated five billion rupees (S$90.4 million) to the PM CARES Fund last year in March. This time, it has focused its efforts on setting up Covid-19-care facilities and boosting oxygen availability.