[ad_1]
Union Finance Minister Nirmala Sitharaman will present the interim budget for the financial year 2024-25 on February 1. The full budget for fiscal year 2025 will be presented after the election, when a new government is formed. The upcoming medium-term budget will contain details of the new government’s projected revenue and expenditure across all sectors of the economy, including the education sector, which formed part of the previous government.
Catch up on live updates on 2024 budget expectations
Here are some tips from experts:
Shashi Banerjee, Director of Education, Shiv Nadar School, said, “Programs such as integration of Anganwadis with primary schools and opening of ‘Preparatory Classes’ or ‘Balavatika’ before Class 1 require additional infrastructure, capacity building of teachers and hiring of more teachers in primary schools.” Education The sector needs to invest and increase capacity to lay the foundation for the National Education Policy (NEP) vision and IC2 objectives: infrastructure, capacity and collaboration.
Also Read: Budget 2024 Expectations Live Update: Wish List for Automobile, FMCG, IT, Agriculture, Salary and More Sectors
Shashi Banerjee further mentioned that schemes like PM Poshan and Swayam need budgetary support.
Also Read: Union Budget 2023-2024 Expectations from Education Sector
Vishwanathan Iyer, senior associate professor and director of accreditation at Great Lakes Institute of Management, Chennai, pointed out that to narrow the global education gap, countries need to combine capital expenditure with investment in human resources.
He said: “The clear disparity between student-faculty ratios and internationalization indicators, as highlighted in the QS Asia University Rankings 2024, highlights the urgency for substantial financial support. While the proposed 100% increase in the education budget $2.25 trillion may seem daunting, but strong tax collection and a large revenue surplus create an enabling environment for a transformative leap. “
Participate daily and stand a chance to win iPhone 15 and smartwatches
Answer today’s question below!
Play now
Also Read: Delhi Budget Session 2024 to begin from February 15-20, focus likely to be on health, education
Anand Achari, dean, School of Architecture, Vivekanand Educational Society, mentioned that incorporating Indian knowledge systems into the curriculum requires developing or upgrading curricula, training or orientation of teachers, and training in higher education institutions Resident artists and craftsmen.
Also read: Budget 2023: What does the education sector expect from the budget?Check expert reactions
He said, “There is a need to strengthen industry-university cooperation to make academic programs more relevant to the changing job market. In addition, prioritizing financial support for academic-industry cooperation is crucial as it helps create a strong connection between educational institutions and industry.” Build strong connections.”
Also read: Budget 2024: From investment in skill development to infrastructure, what to expect from the education sector ahead of elections
Education sector receives highest ever funding for 2023-24 $The budget allocation for financial year 2022-23 is Rs 112 crore $1.04 Lakhs.Contains the 2023-24 fiscal year budget $Rs 68,804 crore allocated for school education, $44,094.62 Crore for Higher Education & $Rs 37,453 crore has been allocated for Samagra Shiksha Abhiyan.
Unlock a world full of benefits! From insightful newsletters to instant stock tracking, breaking news and personalized updates – it’s all here, just a click away! Log in now!
[ad_2]
Source link