Good initiative by finance ministry

Corporate Social Responsibility (CSR) is one of the most important responsibilities of the profit-making companies around the world. It's a good sign that the government is planning to increase tax rebate benefit from 10 percent to 20 percent to encourage the companies play their CSR role. Obviously, the decision taken by the finance ministry is good for the country's development.
Another commendable step the government has recently taken is that it offers 20 percent tax rebate to industries with the stipulated condition of relocating their facilities outside of Dhaka city in order to increase the city's liveability and help the regions lagging behind economically become robust. The tax incentives will surely encourage the industries to get their units relocated outside Dhaka.
Thanks to the finance ministry for taking such time-befitting steps that will have ripple effect on the entire economy.
Samiul Raijul
School of Business
North South University