where B schools fail!

I have always wondered what guides people in making decisions .. is it by instincts .. is it the people around them .. it is not uncommon to see people around you being carried away by many things while making decisions but at times it is shocking to see someone at the very top level of management make such bad ones.

I got a forward containing all the changes that have been made in the Income Tax Calculations. And a small line stated that “from this financial year the amount paid towards education loan will not be deducted from taxable amount and only the interest will be considered for deduction” This unimportant line in the huge document could make a huge difference to millions in this country.

Education loans are generally taken by students who wanna study but don’t ve the funds .. this is wat I thought and that change in IT regulations was a direct discouragement towards this younger generation who are just about to finish school and have already loaded their minds with dreams.

In a so called developing country where u get to save tax on almost everything from buying houses to saving money.. u don’t ve the privilege to do it on a investment for education. May be this government still considers education to be a investment and not a dream to be fulfilled. And to everything this was signed by our finance minister who is one of the very few Harvard graduates from India. The person who is so interested in bringing more FDI to India .. makin censux touch 10k and make our place a truly globalised one is not bothered abt the education loans. Really wonder what they teach in Harvard’s. but one of my strong opinions is that “management and decision making” is very much a personal skill and will ve to be developed with self realization . Even the best b schools on earth fail in this. And no wonder the greatest decision makers in any field are not even graduates leave alone being from a world class b school.