Target: Indian Parliament
Goal: Support corporations investing in their communities
Commend the Indian Parliament for passing a law that requires companies that generate more than $78 billion dollars in profits to invest 2% of their yearly income in projects that better the lives of the Indian people. This law takes an important step in ensuring that the Indian poor are able to derive some benefit from the economic prosperity of the country’s corporations. Although India has seen dramatic economic growth over the years, two-thirds of its population still subsist on less than two dollars per day. Furthermore, the rural residents are deprived of some of the basic amenities first-world countries take for granted such as reliable power supply and clean drinking water. Finally, the opportunities for advancement are not so bright either, given the fact that rural schools are few and far between, leading to a situation where hundreds of students could be taught by a single teacher.
The drive to get businesses involved in community development is about getting corporations to do their part to ensure that the country’s infrastructure is well-maintained and that educational opportunities are available to a broad swath of the population. If more businesses followed in the footsteps of the Bharti group of industries whose philanthropy unit has expanded education opportunities for rural Indian children by building over 250 free schools, then India would begin to see the living standards of its population gradually rise.
Perhaps the best aspect of this new law is that it would allow companies to personally choose which public benefit projects they would wish to spend their money on. As opposed to simply paying taxes to the government, the corporations would be personally involved in the charity efforts. By encouraging such personal involvement in community development, as opposed to simply levying a new tax, the Indian government may succeed in getting successful enterprises to learn and care about the plight of the poor.
It is wonderful to see a country that expects its rich corporations to invest in the well-being of the general population. Sign this petition to thank the Indian government for making an effort to meet the needs of its indigent rural population.
Dear Indian Parliament,
It is great that you have decided to encourage corporations to address the various needs of the Indian population by requiring them to fund community development projects. The lack of clean water, a reliable electricity supply, and schools in the rural areas are deficits that could be remedied if wealthy corporations simply set aside some cash for the purpose.
But the financial investment is not the best feature of the law. Other than setting aside cash for community development, India’s corporate leaders will be setting their hearts and minds on the needs of the Indian people. That perhaps will contribute to creating a culture of corporations identifying the various issues holding back the rural poor from enjoying the same opportunities as their brethren in more developed countries, and finding and funding solutions to deal with them.
[Your Name Here]
Photo Credit: Givewell via Wikimedia Commons