GOVT. IS ENCOURAGING LOANS TO STUDENTS WHO HAVE PASSED 10TH/12TH STANDARD TO ESTABLISH THEIR OWN BUSINESSES UNDER SELF EMPLOYMENT LOAN SCHEME AND MAKING THESE YOUNGSTERS BORROWERS AND DEFAULTERS. THESE STUDENTS ARE ALSO GIVEN TRAINING IN RUDSETS. MOST OF THE STUDENTS WHO HAVE BORROWERED HAVE MISUSED THE LOANS AND BECAME DEFAULTERS IN YOUNG AGE. THE GOVT. INSTEAD OF ENCOURAGING THESE YOUNGSTERS TO PERSUE EDUCATION AND COMPLETE THEIR GRADUATION HAS MADE THEM DEFAULTERS AND WORTHLESS. THE AMOUNT OF SUBSIDY SPENT COULD HAVE BEEN INVESTED IN BUILDING INFRASTRUCTURE SUCH AS COLLEGE BUILDINGS, HOSTELS ETC. WHO IS THERE TO ADVICE THE GOVT.?
Salaried class is going to have the most rough time of their lives once the notifications on taxability of perquisites are out. This govt didnt wanted to tax the babus who have their pays jump beyond 10 lakhs after 6th pay commision so have done away with the surchage of 10% but for common man its paltry Rs 1030 per annum. Believe me congress is not going to give away anything, the fine print in the taxability of perquisites will hit hard and outflow will be big to add to the misaries of life salaried class is facing with job losses, high food prices and slowdown.
