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Tuesday, July 29, 2008

 

Bloomberg and Gates commit $500 m: invest in India

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New York City Mayor Michael Bloomberg and Microsoft founder Bill Gates announced a combined investment of $500 million to India and other developing countries on July 23, to help governments implement proven policies to help control tobacco use. There are more than 1 billion smokers in the world today (more than 1 in 4 adults), and tobacco kills more people than any other single agent.

"Unless urgent action is taken, as many as one billion people this century-more than two thirds in the developing world-could die from tobacco-caused illnesses," said a July 23 release from the Bill and Melinda Gates Foundation.

Bloomberg's Initiative to Reduce Tobacco Use, which was established in 2005 and includes a $125 million commitment, will be extended with a new $250 million, four-year commitment.

The Bill & Melinda Gates Foundation announced it will invest $125 million over five years to fight the tobacco epidemic, including a $24 million grant to the Bloomberg Initiative.

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Thursday, May 8, 2008

 

12,000 respondents said, India will have most billionaires by 2017

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I ndia will have more billionaires than any other country in the world in a decade, according to an online poll by Forbes magazine.

More than half of nearly 12,000 respondents said India will have the maximum number of billionaires in 2017, according to the poll initiated by the U.S. business magazine in November last.

In the world's billionaires list released by the magazine last month, India had the fourth largest number in the world, while the United States had the most. However, only 17 percent believed that the United States would have the most billionaires in 10 years, while 20 percent the second highest after India - thought China would top the list. Incidentally, the Ambani brothers, Mukesh and Anil, together have been rated by the Sunday Times of London as the richest in the world at a combined worth of £43 billion ($85 billion), ahead of America's Walton family, owners of WalMart (£38.4 billion) and Microsoft chief Bill Gates (£29 billion).

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