Experts say Budget will help young professionals who have lost jobs
The interim General Budget presented by Finance Minister Pranab Mukherjee on Monday morning may not have included screaming populist measures but it had a lot of hints for youngsters to smile about.
The government, it seemed, was seriously concerned about the recession-hit young population and about students who want to study abroad. "Extraordinary situation merits extraordinary measures," said Mukherjee, as he read out his Budget speech at Lok Sabha.
"Though it's still too early to make a comment, my presumptions are that there will be a bailout package for young professionals who have lost their jobs in the private sector. The minister hinted at taking extraordinary measures. If we delve deeper into the Budget, we will surely find sops for those individuals who have been hit hard by the meltdown. This will please Delhiites," said Economist Dr Suvrokamal Dutta.
The minister also announced the setting up of six new Indian Institutes of Management (IIM) across the country.
"The Budget seems student-friendly. It includes packages for higher and technical education. The government may also increase scholarships to boost foreign education. All this will make the Gen Next happier," said Dutta.
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