1. A method for providing a dedicated exception and event management (EEM) framework for exception and event management in an embedded software system using an EEM module, comprising: uniquely identifying each of exceptions/events originated from users and severity categorization of the exceptions/events using an event and exception identification module (EEIM), wherein the users are software subsystems, software layers, software modules and software sub-modules in the embedded software system, wherein the users are managed using an application control software (ACS) which is a centralized intelligence and control logic; reporting information regarding the exceptions/events by various users using an event and exception reporting module (EERM), wherein reporting information regarding the exceptions/events comprises: allocating a first record to a user to fill exception/event information by the EERM upon receiving a first request from the user; transferring the first record by the user to a subsequent overlying user; allocating a second record to the subsequent overlying user by the EERM to fill additional exception/event information to supplement the exception/event information populated in the first record upon receiving a second request from the subsequent overlying user; enabling the subsequent overlying user to link the second record with the first record by the EERM and transferring the linked records by the subsequent overlying user to a next subsequent overlying user; and enabling repetition of the above steps for each subsequent overlying user by the EERM until the linking of records of all subsequent overlying users is completed such that at a final overlying layer of the embedded software system, all the records of all the underlying layers are linked and reported as a linked list; logging information associated with one or more of the reported exceptions/events using the linked list of linked records using an event and exception logging module (EELM); and handling, using an event and exception handling module (EEHM), the reported exceptions/events to keep applications running without causing an unexpected behavior in the embedded software system using the linked list of linked records, wherein the EEM module interacts with different types of the users and the ACS within the embedded software system though EEM application programming interfaces (APIs), wherein the EEM module includes the EEM framework that facilitates the event and exception management activities exported through the EEM APIs, wherein the EEM framework includes the EEIM, EERM, EELM and EEHM that are coupled to each other, and wherein the EEIM, EERM, EELM and EEHM are coupled to the ACS and the users through the EEM APIs.