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Union Finance Minister Nirmala Sitharaman will present the Interim Budget 2024-25 on February 1. The full budget for FY 2025 will be presented after the formation of the new government after the general elections. The upcoming interim budget will detail the estimated receipts and expenditure of the government for all sectors of the economy, including the education sector, until the formation of the new government.
Here are some tips from experts:
Shashi Banerjee, director of education at Shiv Nadar School, said, “Schemes like integrating Anganwadis with primary schools and including a ‘preparatory class’ or ‘Kindergarten’ before Class 1 will provide additional infrastructure, teacher capacity building and support to primary schools. There is a need to appoint additional teachers. “The education sector needs investment and capacity enhancement to lay the foundation for the vision of the National Education Policy (NEP) and the objectives of IC2: infrastructure, capacity and collaboration.
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Shashi Banerjee further explained that schemes like PM Poshan and Swayam require budgetary support.
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Vishwanathan Iyer, senior associate professor and accreditation director at the Great Lakes Institute of Management, Chennai, said that to close the global gap in education, the nation needs to align capital expenditure with investment in human resources.
He said, “The apparent disparities in faculty-student ratio and internationalization indicators, as highlighted in the QS Asia University Rankings 2024, emphasize the urgency of adequate fiscal support. While the proposed 100% increase in the education budget While Rs.2.25 trillion may seem daunting, strong tax collections and a significant surplus in revenues create an environment conducive to a transformational leap forward.”
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Anand Achari, Principal of the College of Architecture, Vivekananda Education Society, noted that there are several issues including development or upgrading of curriculum, training or orientation for faculty and inclusion of panels of artists and artisans in higher education institutions to incorporate Indian knowledge systems in the curriculum. is required.
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“There is a need to strengthen industry-academia collaboration to better align the academic curriculum with the evolving job market,” he said. Additionally, it is important to prioritize financial support for academic-industry collaboration, as it serves to build stronger relationships between academic institutions and industries.”
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The education sector received the highest allocation ever in the financial year 2023-24. 1.12 lakh crore against the budget allocation for the financial year 2022-23. 1.04 crore. Budget for financial year 2023-24 included Allocation of Rs 68,804 crore for school education, Allocation of Rs 44,094.62 crore for higher education and 37,453 crore allocation for the Samagra Shiksha Abhiyan.
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Published: Jan 29, 2024, 02:52 PM IST
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