Arun Jaitley on how this 'new beginning' powered India's social sector
Union Finance Minister Arun Jaitley on Tuesday said that India's healthcare institutions receive donations from religious groups and CSR programmes unlike other countries which receive large endowments.
Arun Jaitley comments
"Most hospitals internationally have some of the largest endowments. The social sector in India gets funded more on a community basis, except for this new beginning that we started in the last four years when we started the corporate social responsibility," Jaitley added while speaking an event in AIIMS here. (Reuters)
Corporate Social Responsibility
Charities in India
"Most hospitals internationally have some of the largest endowments which come to the educational institutions from their alumni. Once they are successful in life, they keep supporting the institutions with those endowments. Some IITs have started that experiment now in India. But still it`s not very largely prevalent," he added.