-Livemint.com CSR contributions have grown to 23% in FY21 from 12% in FY15, in terms of total philanthropic contribution as well as the amount India’s uber rich have sharply reduced their philantrophic contributions despite a surge in net worth in the past six years, according to a report. The tally of retail contributors, or individuals who give less than Rs. 1.5 lakh annually, has however, swelled both in terms of their count as...

-The Times of India BANGALORE: India has one of the worst records in the trickle-down of wealth. As of last year, for every one billionaire in India, there were just 26 ultra high net-worth individuals (UHNIs)-those whose net assets are over $30 million excluding their primary residence. In Japan, for every billionaire there were 609 UHNIs. In Brazil and South Africa, which are comparable emerging markets, the ratio was 1:129 and 1:119...