More cos to come forward to work on CSR: BB Governor
Tuesday, 23 December 2008
FE Report
Bangladesh Bank (BB) Governor Dr Salehuddin Ahmed Monday said the government has given a 10 per cent tax exemption on the spending of CSR activities by the private companies as part of its (government) recognition in such works.
"It is a recognition by the government. I think this will help encourage more companies to work on CSR, especially in the field of education," the BB Governor said.
The government recently, approved tax exemption at the rate of 10 per cent on a part of corporate income to be spent on discharging CSR activities.
The BB Governor was addressing as chief guest at fellowship awarding ceremony organised by Dutch-Bangla Bank Limited (DBBL) held at a local hotel in the city.
The DBBL awarded some 29 fellowships for M Phil and PhD programmes in different fields of social, biological, medical agriculture, engineering and natural sciences. The fellows will receive Tk 5000 as grant each month during their research programmes.
BB Governor also said the government alone cannot do everything so private companies should come forward for such works as research and education have far reaching impact on the society to create skilled human resource.
He, however, stressed the need for those research works which will have direct benefit to the economic development.
Bangladesh Bank (BB) Governor Dr Salehuddin Ahmed Monday said the government has given a 10 per cent tax exemption on the spending of CSR activities by the private companies as part of its (government) recognition in such works.
"It is a recognition by the government. I think this will help encourage more companies to work on CSR, especially in the field of education," the BB Governor said.
The government recently, approved tax exemption at the rate of 10 per cent on a part of corporate income to be spent on discharging CSR activities.
The BB Governor was addressing as chief guest at fellowship awarding ceremony organised by Dutch-Bangla Bank Limited (DBBL) held at a local hotel in the city.
The DBBL awarded some 29 fellowships for M Phil and PhD programmes in different fields of social, biological, medical agriculture, engineering and natural sciences. The fellows will receive Tk 5000 as grant each month during their research programmes.
BB Governor also said the government alone cannot do everything so private companies should come forward for such works as research and education have far reaching impact on the society to create skilled human resource.
He, however, stressed the need for those research works which will have direct benefit to the economic development.