In a significant development billionaire and philanthropist Bill Gates has said that he will donate 99% of his remaining tech fortune to the Gates Foundation which will now close in 2045 earlier than previously planned. Readers must note that as of today the total expected donation is expected to be worth an estimated $107 billion (approximately Rs 900000 crore). As per a report by news agency PTI Gates donation will be delivered over time and allow the foundation to spend an additional $200 billion over the next 20 years. The pledge is among the largest philanthropic gifts ever – outpacing the historic contributions of industrialists like John D. Rockefeller and Andrew Carnegie when adjusted for inflation. Only Berkshire Hathaway investor Warren Buffetts pledge to donate his fortune — currently estimated by Forbes at $160 billion — may be larger depending on stock market fluctuations. “There are too many urgent problems to solve for me to hold onto resources that could be used to help people. That is why I have decided to give my money back to society much faster than I had originally planned Gates had wrote in his recent post. About Gates Foundation The Gates Foundation is an American private foundation founded by Bill Gates and Melinda French Gates. The foundation is based in Seattle Washington and it was launched in 2000. It is reported to be the third largest charitable foundation in the world. Bill Gates on Elon Musk In the recent statement Bill Gates accused worlds richest man Elon Musk of killing the worlds poorest children after Elon Musks support for the USs massive cuts in foreign aid as per a report by ABP Live. Bill Gates discusses biotech startups health innovation in India In another significant development from India Union Minister of State (independent charge) for Science and Technology Jitendra Singh met with Microsoft co-founder and philanthropist Bill Gates to discuss collaborations on biotech startups and health innovations in India Ministry of Science & Technology said as per a report by news agency IANS. The discussions with Gates currently on an India visit covered advancement in gene therapy vaccine innovation biotechnology manufacturing and Indias evolving startup ecosystem. “Under Prime Minister Narendra Modi India has witnessed a surge in biotech innovations supported by policies like Bio E3--biotechnology for the economy employment and environment” said Singh. (With inputs from agencies)