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Budget 2024-25 Expectations: Roadmap for setting in target of 6% GDP expenditure on education, tax rationalization top wishes

‘Our ask for the Education Sector is clear and pivotal for India’s future growth and development. Over the past decade, government spending on education has regrettably declined from 3.1% to 2.9% of GDP. To effectively address the critical needs of Education, Higher Education, Skills Development, Faculty Competency Development, and enhancing the employability of our graduates, upcoming Union Budget must prioritize education’ In …

Budget 2024-25 Expectations: Integrate an Apprenticeship Credit Framework in line with the NEP while simplifying the current apprenticeship regulatory framework

Apprenticeships articulate the multi-stakeholder demand for higher collaboration between employers, universities, and skills, including 1/3rd college, 1/3rd employment exchange, and 1/3rd ITI. We can reap significant rewards if we can cultivate support and agency via the budget to make this a vehicle fit for reaping our demographic potential says Ramesh Alluri Reddy, CEO at TeamLease Degree Apprenticeship  The upcoming budget for 2024-25 is expected …

Budget 2024-25 Expectations: Prioritize education sector through comprehensive reforms with a key focus on taxation

Budget 2024-25 is anticipated to be reform-oriented and immensely crucial for India to compete and adapt amid significant global political and economic shifts. Therefore, a lot of industry leaders wish for suitable budgetary measures that would help the country to navigate the challenges. According to Anish Srikrishna, CEO, TimesPro, the current GST rate of 18% on education, comparable to that on …

The Elusive 6%: Union Education Budget scores low on direction, relief

By Autar Nehru An important practice in journalism is to add emotional relief for readers/viewers to tragic/accident news stories by way of saying for instance ‘the injured have been taken to the nearby hospital’ even though they would be without saying this.  In a similar fashion, the union budgets in the past would make a soothing statements or announcement of …

Union Budget 2020-21 allocates Rs.99,300 crore for Education, Rs. 3,000 crore for Skill Development

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman along with the Minister of State for Finance and Corporate Affairs, Shri Anurag Singh Thakur arrives at Parliament House to present the General Budget 2020-21, in New Delhi on February 01, 2020. 150 Higher Educational Institutions to start apprenticeship embedded degree/diploma courses by March, 2021; Special bridge courses for …

Union budget: Positive vibes among education sector stakeholders

After the Interim Budget (vote on account) 2019 presented in February this year, the full budget for this fiscal was presented in the Parliament by the new Finance Minister, Nirmala Sitharaman, who for record is the first ever full time woman finance minister of India, on July 5.    Education sector has been allocated Rs 94,853.64 crore in the union …

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