VidYouth

The Finance Minister has already announced the budget for the year 2010. Although no student will be earning much while studying, let’s see what kind of impact the New Budget has on the youth of today. Students and young guys are indirectly affected by the new budget released and will undergo some changes in their lifestyles.

“Budget” is something, which fuels the whole nation. Money is the only thing, which has its influence on every walk of life; shell out a little more money and it eases the work to be done. Money has always brought pleasure and it allows people to meet their basic needs in day-to-day life. Today’s youth is exploring every sector and has its share of knowledge and presence in all the fields. Youngsters would be affected both positively and negatively by the budget because they are considered as the largest consumers in every sector.

Money Transactions. Credits : Anu Bindu

Starting off with the star attractions or the most commonly used goods, which the youth of today depend on and use the most – Gadgets. No student today can survive without a mobile phone or a cool music machine. There might be days, when one can dream of forgetting important college stuff like notes or records, but everyone makes sure they have all their entertainment material, the iPods and MP3 players with them, all the time. “Who goes out of the house without a mobile in their pocket? When you have the mobile with you, the money in the wallet doesn’t matter much,” says Hrudya Palanki, from St. Pious Degree College.

The new budget has made provisions for cost reduction on these electronic gadgets and now the students eyeing at a new smart phone can easily afford it compared to the yester years. Upgrading gadgets galore with all the new stuff in the market can be done easily. The government has reduced the excise rates on electronic goods facilitating one to get a hold on them. Laptops, smart phones or other things, just take time to choose the best and grab it.

Everyone needs to fuel their ideas and work on them in order to achieve them. The youth today is all set with new hopes and ideas and will take over this whole system sooner. Unfortunately there is a hike in the fuel prices now and this will cost us a lot more than it used to. The oil reserves in India will be drained out soon and there will be adverse conditions in the future. “Hope the young engineers will come up with a new alternative regarding the fuel, it’s costing me a lot to travel while going for different coaching institutes which are widespread in the city,” says Amogh Mohan, a student from Nalla Malla Reddy Engineering College.

Monetary Transactions. Credits : Anu Bindu

The education sector is given a boost, more funds have been allocated to the education this time which will help the common man to avail his Right to Education. This boost to the education sector will help those, who crave for education. It will eradicate illiteracy and encourage the students aiming for higher studies. The future years will have a higher number of educated people, who will take some valuable decisions and lead the country effectively or cast a valuable vote as responsible citizens. Education allows one to think better.

Many will be finishing off their studies and will be looking for jobs, start their careers and earn a living. The government is not favoring foreign investments and has stopped privatization of sectors, which is nothing but reduction in the job facilities offered. Unemployment has very bad effects on the youth, when they can’t fund their expenses and need money to avail some basic needs, they tend to earn it by unfair means. The man-power of the youth should not be wasted to do unproductive work that goes against the nation.

New Vehicles. Credits : Nocturnal Czar

Well, after seeing in to the pros and cons of the budget that is released, we can see that there are some impacts on the youth and their lifestyle. Students need to be familiar with these governmental activities from an earlier age itself. This will help them know the changes taking place around them in a better way and look at everything with a broader sense.

“The annual budget comes from us, from what we earn and pay the government in the form of taxes. So the students should try to know more about it. That will help them do justice in the coming years, for themselves as well as others,” says P.M.K.Raju, a parent. Many elders had the same opinion that it was better if students were aware of this and learn to handle it well for the time when it will be their turn to be a part of the democratic rule.

In conclusion, issues like budget should be understood well so that we can act accordingly to be better citizens. Understanding it helps in overall development of the country, so better late than never… let’s get familiar.