BB Governor calls upon pvt banks, cos to patronise need-based education
FE Report | Sunday, 3 August 2008
Bangladesh Bank (BB) governor Salehuddin Ahmed Saturday said need-based education must get due priority and patronage alongside the general education to ensure the optimum breeding of the skilled human resource for the country.
At the same time the Governor called upon the private banks and other corporate sectors to come forward with initiatives to patronise the country's education sector, which he has termed as the greatest of all investments.
The central bank governor was speaking at a scholarship distribution ceremony, organised by the EXIM Bank Foundation, at the Bangladesh-China Friendship Conference Center in the city. Chairman of the EXIM Bank Foundation Nazrul Islam Mazumder presided over the programme.
Terming education as 'the most equalising factor', the central bank chief observed that through being equipped with the skilled human resource can go along way to reverse the country's tarnished image abroad.
Later, he also distributed scholarships among the students. Around 500 students from schools, colleges and universities around the country will receive Tk. 15,000.00 annually until the completion of their formal education under this programme.
Hailing different such Corporate Social Responsibility initiatives adopted by EXIM Bank Foundation and other private banks as a good sign, Chairman of National Board of Revenue (NBR) Muhammad Abdul Mazid said the government is chalking out a guideline for granting tax exemption to all sorts of CSR activities regulated in the private sector.
He also informed that the maximum amount of money allocated for CSR that would be subject to tax exemption is to be increased from Tk. 250,000.00 to Tk. 500,000.00.
Requesting the Bangladesh Bank governor Salehuding Ahmed to take necessary initiatives on his part to exempt tax imposed on CSR initiatives, Chairman of the EXIM Bank Foundation Nazrul Islam Mazumder urged all to help the Bangladesh Association of Banks (BAB) get an approval for setting up a non-profit university in the country to facilitate poor students pursuing higher studies.
Principal of London-based Icon College of Technology and Management Prof Nurun Nabi announced that his college would offer four meritorious students from Bangladesh a scholarship of 8,000 pound sterling each for two years.
In response to the announcement, Exim Bank chairman declared that the Exim Bank Foundation would bear all expenditures of 10 meritorious students per year for their higher studies abroad.
He also said his bank is also providing education loan to about 200 university students to assist their higher educational purpose.
Comptroller and Auditor General Ahmed Ataul Hakeem and Secretary to the Ministry of Commerce Feroz Ahmed among others also spoke on the occasion.
Since the year of 2006, EXIM Bank has been providing scholarships to around 1000 students of different educational institutions of the country.
At the same time the Governor called upon the private banks and other corporate sectors to come forward with initiatives to patronise the country's education sector, which he has termed as the greatest of all investments.
The central bank governor was speaking at a scholarship distribution ceremony, organised by the EXIM Bank Foundation, at the Bangladesh-China Friendship Conference Center in the city. Chairman of the EXIM Bank Foundation Nazrul Islam Mazumder presided over the programme.
Terming education as 'the most equalising factor', the central bank chief observed that through being equipped with the skilled human resource can go along way to reverse the country's tarnished image abroad.
Later, he also distributed scholarships among the students. Around 500 students from schools, colleges and universities around the country will receive Tk. 15,000.00 annually until the completion of their formal education under this programme.
Hailing different such Corporate Social Responsibility initiatives adopted by EXIM Bank Foundation and other private banks as a good sign, Chairman of National Board of Revenue (NBR) Muhammad Abdul Mazid said the government is chalking out a guideline for granting tax exemption to all sorts of CSR activities regulated in the private sector.
He also informed that the maximum amount of money allocated for CSR that would be subject to tax exemption is to be increased from Tk. 250,000.00 to Tk. 500,000.00.
Requesting the Bangladesh Bank governor Salehuding Ahmed to take necessary initiatives on his part to exempt tax imposed on CSR initiatives, Chairman of the EXIM Bank Foundation Nazrul Islam Mazumder urged all to help the Bangladesh Association of Banks (BAB) get an approval for setting up a non-profit university in the country to facilitate poor students pursuing higher studies.
Principal of London-based Icon College of Technology and Management Prof Nurun Nabi announced that his college would offer four meritorious students from Bangladesh a scholarship of 8,000 pound sterling each for two years.
In response to the announcement, Exim Bank chairman declared that the Exim Bank Foundation would bear all expenditures of 10 meritorious students per year for their higher studies abroad.
He also said his bank is also providing education loan to about 200 university students to assist their higher educational purpose.
Comptroller and Auditor General Ahmed Ataul Hakeem and Secretary to the Ministry of Commerce Feroz Ahmed among others also spoke on the occasion.
Since the year of 2006, EXIM Bank has been providing scholarships to around 1000 students of different educational institutions of the country.