Education, job satisfaction can help reduce intolerance: Ratan Tata | business | Hindustan Times
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Education, job satisfaction can help reduce intolerance: Ratan Tata

business Updated: Dec 07, 2015 10:02 IST
HT Correspondent
HT Correspondent
Hindustan Times
Ratan Tata

Industrialist Ratan Tata along with founder and CEO of Khan academy, Salman Khan during a press meet to announce their partnership in Mumbai .(PTI)

Ratan Tata, chairman emeritus of the Tata Group, has said that only education and job satisfaction can help in reducing intolerance.

“Our country has lived in harmony...We have to work together, live together and have to do so by not contributing to the intolerance growing in the world around us. Education and job satisfaction will help reduce intolerance because it will be replaced by knowledge, rationality etc,” he said on Sunday.

Tata also said that mandatory spending on corporate social responsibility (CSR) for companies are like “tax,” and philanthropy comes from within.

“Philanthropy or giving is something that comes within you... The mandated 2% that the government has, becomes like a tax, which everyone pays,” Tata said after announcing a strategic five-year partnership of Tata Trusts with not-for-profit Khan Academy founded by US-based Salman Khan, a former hedge fund analyst.

He, however, said that CSR spends were useful and could be vital in a particular way if certain projects in need of funds were clearly identified.

Tata Trusts’s collaboration with Khan Academy will build on the latter’s existing resources and tools to serve the needs of the Indian learner. In the initial years, it will focus on designing free online educational resources in relevant languages for middle-and-low-income students.

Tata, however, did not specify the aggregate value of resources which will be granted to Khan Academy.