ENTREPRENEURSHIP IS NOT A LESSER SERVICE TO NATION

ENTREPRENEURSHIP IS NOT A LESSER SERVICE TO NATION

Employment opportunities in Government and Public sectors are on the wane gradually but steadfastly. A BIG chunk goes to caste based reservation (to some extent it's a necessity), nepotism, political and money considerations etc. However, a large swathe of populace considers that one and only panacea for their all ills and a gateway to economic salvation is a secured government job. Lust for government jobs has given rise to a frenzied scamper for getting tagged with proud LOGO of “BACKWARDS” at any cost. Reservation seeker daredevils muster up enough courage to block national highways, vandalise the public and private property, jeopardize others’ lives, assault and chase away the police and other security personnels, give and take precious lives at the altar of reservation cauldron and above the all, enjoy overt or covert political/administrative patronage. Some people conveniently forget that the political power is the magnet that attracts all other coveted temporal bliss in tow. Nevertheless, we may feign to be oblivious of agrarian crisis and resultant despair, distress and chaos at our own peril only.

On the other hand, people set up businesses/start-up ventures of self-employment and allied undertakings (small to big) by investing hard earned money of their parents or on private /public borrowings and tirelessly work for at least 12 hours a day (no holidays/vacations, social securities etc) and perennially put up with all sorts of bullying from a wide range of entities viz. Tax Depts, Police, Municipalities, Land Authorities, Environment/Pollution Depts, Labour Dept, Food Dept., Politicians, Local goondas et etc etc) in this age of cut-throat competition and market volatility. Anyhow, some perish - some survive - some thrive and also generate significant job opportunities for others besides immensely contributing to the growth and development of the economy of the Country.

 It would be in the fitness of things to say that BUSINESS INCOME upto Rs. 5 Lakh should be INCOME TAX FREE and > Rs. 5 Lakh upto 25 Lakh should not attract income tax levy of more than 5%. Same may also hold good mutatis mutandis for professional income. 
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