HARVARD DONATIONS!!

Blogging after a gap of nine months.....wanted to blog on a variety of topics..Ayodhya Verdict,hype surrounding the stupid micro-finance in India, CWG scam etc etc...But did not get any time!! Finally taking 10 minutes of my lunch time to blog.....!! Recently, I came across articles on Ratan Tata and Anand Mahindra donating $50 Mn (225 c) and $ 10 Mn (42 c)to their Alma Mater, the prestigious Harvard Business School. A wave of thoughts flooded my mind after reading this article in press.
The popular sentiment is they were generous and had the gratitude to remember their Alma Mater. No doubt, these were truly noble gestures!! But I wondered, Does Harvard whose financial condition is way ahead than any other University in India truly deserve this donation?? An University whose excess funds are multiplying every year in equity markets really want this charity??
Look at the state of Jharkhand..the state where Tatas set up their first steel plant languishing way behind with a literacy rate of less than 40%. The money that Tata donated to Harvard could have been used by him to build 100 elementary and primary schools in Jharkhand!! Tata could have used this to create an international management institute on the lines of IIMs and Harvard and named it The Tata School of Business!!
The donation that they have made would have made a huge difference had they did it to something more worth while!! If Harvard needs money, US Govt will chip in, Micrsoft will donate, the numerous I bankers that HBS had produced will make the amount in a matter of few seconds by going long- short. But who will develop the rural areas of India?? Who will improve the basic infrastructure here?? India needs such donations from her sons...If they dont who else will????