Care to return the “ White Money ‘ ?

Will the rich of India, return a part of their wealth to the society from which they have earned it ?

Economic Times ( 30 June,2011 ) has a few suggestions to make to the “ rich “ of India, re : where they should invest to make a big impact on the well-being of the society, viz:

Ø  Affordable urban housing  ……………………..  $   214 – 786  billion

Ø  Clean water for rural areas  …………………..  $   5.4  -  13   billion

Ø  Maternal health  …………………………………….   $   0.4  -  2.0  billion

Ø  Primary education  ………………………………….  $   4.8  -  10  billion

Ø  Microfinance  ……………………………………………. $   176          billion

Do the rich of India have the necessary funds ?

Economic Times says, “ yes “. And provides following figures :

Ø  In 2010/11

62,000 Ultra High Net Worth Households had net worth of $ 45 trillion

>  By 2015/16

    219,000 UHNW will have a net worth of $  235  trillion

And since this is all “ white money “ right here in India, why run after a few billion dollars of “ black money “ stashed away in Swiss Banks ?

With regards

Hemen  Parekh