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10 Ways To Get Rich

July 21, 2011 Leave a comment

What better person to tell you how to become wealthy than one whose name is a long term fixture on the Forbes List?Here are Warren’s tips on how to get rich,put together by Alice Schroeder: Read more of this post

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Indian Philanthropy

March 29, 2011 1 Comment

Here are some major features of Indian Philanthropy as enumerated by eminent Indian businesspeople.They are perspectives that were articulated in response to the Gates-Buffett ‘the Giving Pledge’

1.”India has a very old culture of giving, since the time of Buddha. The concept of philanthropy is not new to us.”—-Rahul Bajaj, chairman, Bajaj Group.

2.”Philanthropy in the first world and in the third world are two different things. In the first world people donate to build a baseball stadium. In India, we have to decide for ourselves what we want out of philanthropy. It is not for the Americans to tell us.”

“shareholders have done more charity than Gates and Buffett put together. How? By allowing Cipla to export drugs for $100 million to Africa, which could have fetched $4 billion if they were exported to the US”—-Yusuf Hamied, chairman & managing director, Cipla Read more of this post

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Tithing in Hinduism

January 23, 2011 2 Comments

Hinduism is a religion without a central church and there is little in it by way of dogma.So there is no compulsion for Hindus to give either to religious or secular charitable organizations .

However,one of the niyamas/observances or practices is dana/charitable giving.This impulse to give has to come from inside and the ideal is to give generously and without thought or expectation of reward.

Another niyam of Hinduism is observing sacred vows or vratas.One of the vratas observed is Dashama Bhaga Vrata: meaning “One-tenth-part vow” in Sanskrit.It is a promise a person makes to a God, or Gods to donate regularly for a specified time, or for the rest of their life ,one tenth of one’s gainful and gifted income.

Together these 2 niyams lead to Dashamamsha (One- Tenth- Sharing in Sanskrit) or Makimai (in Tamil),where people donate a tenth of their income to the Gods in temples or religious institutions.The Dashamamsha is not seen as an offering to God but as God’s share of the bounty.Giving as soon as the income is received is believed to sanctifiy the remaining portion and reap the greatest punya.Dashamamsha is an acknowledgement of God’s part in the person’s good fortune.

Dashamamsha brings a greater awareness of God’s power in the world and the givers are uplifted to a purer spiritual consciousness and abundance naturally floods into their lives. Read more of this post