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India's Richest: What half their wealth can buy

Discussion in 'The Big Adda' started by Osiris, Sep 30, 2010.

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  1. Osiris

    Osiris Major SENIOR MEMBER

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    Bill Gates and Warren Buffett have been urging the world’s rich to part with half their wealth for charity. What if the Indian Rich List were to comply? $150 Billion = Rs. 675,000 crore

    - India can fund rural job guarantee scheme NREGA at 2010-11 budget levels for 17 years.

    India's Richest: What half their wealth can buy

    - Endow Rs. 33,750 on every child (20 crore of them) under the Sarva Siksha Abhiyan.

    - Fund the government’s borrowing for 2010-11 (Rs. 4.57 lakh crore) and have enough to spare for the next year.

    - Buy all the defense hardware needs (Rs. 135,000 crore) – 127 combat aircraft, 7 scorpene subs, 12 stealth frigates and Howitzers and maintain the defence budget for more than three-and-a-half-years.

    - Build 11 golden quadrilaterals.

    - Build Metro train service in 33 cities.

    - Build a Delhi-Mumbai high speed Maglev, Commuting time at 300 kmph will be just 5 hours.

    - Meet oil requirements for nearly two years.

    - Host 30 commonwealth games at ‘Kalmadi’ prices.

    India's Richest: What half their wealth can buy - Moneycontrol.com -
     
  2. prototype

    prototype Major SENIOR MEMBER

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    ^^^^ hahaha but after all that they wont remain billionaires,so forget it
     
  3. True_Indian

    True_Indian 2nd Lieutant FULL MEMBER

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    They are not simply holding it, they are doing business so it helps people in one way or another.
     
  4. jagjitnatt

    jagjitnatt Major ELITE MEMBER

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    ^^ Exactly. Their wealth is not in terms of paper money, but investments, like business, property, etc. All of this creates employment opportunities for millions.
    If Reliance is worth billions, its also employing lacs of people for their retail stores, factories, mobile business, tech business etc etc. If they earn, we earn, if they lose, we lose.
     
  5. Arjun MBT

    Arjun MBT Captain SENIOR MEMBER

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    They can never Buy Me, I challenge them, well let me give them an Opportunity to do so....What say Guys?
     
  6. Osiris

    Osiris Major SENIOR MEMBER

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    :lol::lol:

    @ topic at least they should pay their taxes correctly...
     
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