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Arun Jaitley said the disillusionment against AAP government is rising and BJP should stand to gain from it and encash it. He also said that the "politics of theatrics" can be done only within limits. "When questions are raised, then only to say that we fought so many battles but could not do work. All sections have started dissociating one after the other. And it is difficult to regain their support. Congress is not in a position to gain that and that is why that space is available to BJP in Delhi," he said. (PTI)
1. Budget 2016 expectations: Exemptions currently allowed against education loans are up to 8 years. Students are hoping that this can be extended to a higher period. (PTI) -
2. Budget 2016 expectations: Students wish that existing universities should be upgraded with avenues for skill development on a larger scale. For this purpose they are eyeing PM Narendra Modi's Skill India initiative eagerly. (PTI)
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2. Arun Jaitley speech: Budget 2016 income tax relief – The limit of deduction of house rent paid under section 80GG has also been raised to Rs 60,000 from the existing Rs 24,000 per annum to give relief to employees who live in rented houses. "To encourage the youth to be self employed, house rent deduction under section 80GG was expected to be revised considering the rentals in metros. Giving marginal relief to the self-employed, deduction under section 80GG has been raised from Rs 24,000 to Rs 60,000 to bring them on a level playing field with salaried taxpayers receiving house rent allowance (HRA)," Suraj Nangia, partner, Nangia & Co told IANS. "The new limit is still not in line with the sky-high rentals in metro cities and also considering the deduction on account of HRA available to salaried persons, which can be substantial in cases where the salary and its HRA component are high," Nangia added.
4. Budget 2016 expectations: Government must take steps to decrease education loan rates across the board to make domestic higher education more affordable. (PTI) -
5. Budget 2016 expectations: Focus of government must be on issues like hostel fees, which should be decreased, and number of seats, which should be increased in universities. But most of all, the number of govt universities must be increased to cater to the rising number of students seeking higher education. (Thinkstock)
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