Budget 2014 - Quick Summary for Indian Malaysian In short : The allotment for Indian Msian is the BEST in VALUE since 2008 : Total exclusive value of the allocation of Indian Msian RM200Mil = RM100mil Training & Skill + RM50Mil TEKUN + RM50Mil Tamil Schools : Direct Handout the least Benefit : BR1M = 80K Household X RM650 = RM52Mil Student Handouts RM100 x 424K = RM42.4Mil Student Voucher RM250 X 104K = RM26Mil Budget : Once again FAILED to address 1) Indian Equity Issue : 1.6Trilion -Bursa : RM48Bil 2) MRSSM Like School agreed on Feb 22 2012 by cabinet for Tamil School Students Majority In overall still NOT a Balance BUDGET : I think about time the government have to work on balance budget and fiscally be responsible : 55% of GDP is still on negative outlook. 2020 we must upgrade our credit rating from A- to AA : S & P, Fitch & Moody : Surprise : 1) GST Postponed till 2016
Posted on: Fri, 25 Oct 2013 15:29:10 +0000
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