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Inheritance tax has spurred large endowments to hospitals, universities in the west, says Arun Jaitley

Updated : December 26, 2018 06:12 AM IST

Analysing the means of funding for India's healthcare and educational bodies as against the global ways, Jaitley said such institutions in the country receive donations from religious groups and CSR programmes.
He said the endowments received by some major hospitals in the US and Europe run into billions of dollars, which are provided by people and patients who have benefitted from them.
Inheritance tax has spurred large endowments to hospitals, universities in the west, says Arun Jaitley
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