We have earlier also heard of some big business tycoons pledging major portion of their income to philanthropy.
Now comes the news of L&T chief A M Naik pledging 75% of his income to philanthropy. He has two trusts for his charitable work. One is called the Naik Charitable Trust for education and skill training and the other Nirali Memorial Medical Trust.
Naik's action will surely motivate others also to join in philanthropic work.
