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Finance Minister announces 10% tax on marks above 95% in 12th Board

21, Jul 2014 By Vaibhav Anand

New Delhi: In a move that is expected to bring widespread relief to millions of Indian students, the Finance Minister Arun Jaitley today announced a 10% education cess on marks above 95% in 12th Board exams.

Speaking from outside the Parliament today, Mr. Jaitley announced the move as part of a slew of post Budget measures to revive the economy.

Arun Jaitely
Robin Hood?

“There have been several demands for this move due to this topper like Sarthak Aggarwal getting 99.6% and blocking the entry of other students into India’s premier colleges,” the Finance Minister said. “Now that BJP government is in power, sabke acche din aenge. Now more people will be able to boast of higher marks in their twelfth standard exams. The marks so recovered from these toppers will be given to students getting marks below 80%, who in general have a life.”

“More students getting good marks means more advertisements by coaching institutes and schools,” Mr. Jaitley concluded, “meaning more money in the economy.”