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Critical thinking is an active process during which information is not just received but processed Ben Wallace Jersey , analyzed, and evaluated. No matter what profession one chooses, this is a valuable thinking skill. For mechanical engineers it is a notable skill as most of their profession is contingent on clear, concise Chauncey Billups Jersey , and rational decision making.

The importance of critical thinking has led mechanical engineering colleges to focus on its development. This is done by encouraging questioning and class discussions. Because of this students begin discovering discrepancies between theory and practice when they do occur, which promotes learning. Owing to the considerable practical work in the coursework students perform several laboratory exercises. A number of problems are encountered during these, and students are either hesitant to ask for help to avoid revealing their incompetence or constantly ask for help without any involvement of their own. In both cases, learning suffers because they are not applying their own skills of problem-solving and treating a problem as a failure Tracy McGrady Jersey , rather than a lesson. Here, applying the approach of critical thinking results in a dramatic change of perception for the better (while encountering problems) and increases enthusiasm students show towards the subject.


Some additional advantages of critical thinking are:


Reduces time taken in converting data to quality information. This is helpful for decision making as only material that directly impacts decision making needs to be reviewed rather than sifting through the entire data.


Provides the opportunity to highlight ideas, assumptions, and biases. Every decision will have these and a critical thinking process ensures the accountability of them all. This makes it easier to track exactly what led to the success or failure of a particular action.


Introduces a professional format for presenting ideas Allen Iverson Jersey , courses of action, and recommendations. Done well, critical thinking naturally evolves through these steps and makes it simple to display to your stakeholders. It also lends credibility to your rationale as it is rooted in a structured process.


Many engineering institutes are focusing on developing critical thinking, and have made it an integral part of their curriculum. Avantika University is a mechanical engineering college in India that truly understands the value of this skill and has a dedicated four credit course on creative and critical thinking skills. In this course students are encouraged to identify ways of improvements in assignments and projects when they encounter problems Detroit Pistons Reggie Jackson Jersey , moving beyond giving up or complaining. Clubbing creative thinking with critical thinking allows students to explore new possibilities and seek unusual solutions to engineering challenges, making engineers from Avantika University outmatch their peers.

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>Foreclosing a Home Loan: Do?s and Don?ts

Posted by arwindsharma on July 6th, 2017


A Home Loan helps you fulfill the dream of purchasing your own home. Yet it also brings a considerable financial strain on your income. But deciding on whether to close a Home Loan can be difficult.




For certain individuals, the thought of existing EMIs creates a continual psychological stress. In such a case Detroit Pistons Andre Drummond Jersey , it is always better to consider prepaying the Home Loan. At the same time, the person should also be prepared to pay a larger amount as the EMI.


This may further lead to another dilemma i.e. choosing between savings on interest paid to a bank, or the tax benefit in terms of saving on tax paid to the government.


Under the Income Tax Act, Home Loans are eligible for certain tax benefits Reggie Jackson Pistons Jersey , as per section 80C for the principal amount repaid, and as per section 24C for the interest paid on the loan.


In case the house is self-occupied, the maximum deduction for the interest is Rs.2 lakh per annum. So if the total interest paid is greater than the tax deduction amount, it makes more sense to invest money in closing the loan. And if the property has been rented out Andre Drummond Pistons Jersey , it is possible to claim the entire interest as a tax deduction.


However while closing a Home Loan, it is also wise to pay attention to other loans you may have taken such as a vehicle loan, education loan, or personal loan Reggie Jackson Kids Jersey , that carry a higher interest rate. It is advisable to clear these higher interest loans as the effective cost of a Housing Loan is considerably lesser than that of these loans.


And if you still have some surplus income after closing these loans, you can then consider also closing the Home Loan. Before that, you need to calculate your Home Loan Foreclosure amount carefully.


Further, one can have a choice between closing a Housing Loan and choosing to invest the money. In this case Andre Drummond Kids Jersey , you’ll have to compare your earnings from the investment post taxation to the net cost you will incur on the Home Loan. If the investment is bringing you a higher return, it is advisable to keep the money invested instead of using it to close the House Loan.