Union Budget 2010 Impact on education sector

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The Finance Minister of India suggested various benefits and allowance for education sector of India while presenting the Union budget 2010 in parliament on February 26, 2010. The proposed steps and subsidiaries are anticipated to have a major impact on education sector in 2010-2011.

Union Budget 2010 Impact on education sector

The Finance Minister in his Union budget 2010 speech suggested the restoration of Right of Children to Free and Compulsory Education Act, 2009 which formulates a legal agenda for privileges of children falling under the age group of 6 to 14 years. He also notified the achievements of Sarva Shiksha Abhiyan (SSA) launched by the government, in the field of education and improving infrastructure for basic education.

Mr Mukherjee suggested a monetary hike for elementary education to ` 31, 036 crore in the current fiscal year against the previous ` 26, 800 crore, in addition all states access to basic education with a grant of ` 3, 675 crore for 2010-11.

Union Budget 2010 feedbacks from university and corporate circles

There has been a mixed response from people on initiatives proposed by the Finance Minister in education sector. While some call it a balanced budget, others feel that the need for subsidizing corporate sector to train freshers has been ignored. According to corporate houses, the involvement of big firms in the graduate level education should have been listed in the agenda to trigger the employability of undergraduates. Moreover, the involvement of private industry in association with government should be encouraged to polish the skills of the students.

The response from students and business professionals has not been positive. They believe that higher education was completely ignored by the Finance Minister and more importance was given to elementary and basic education by allocating a 16% hike.

Last updated on : 15-05-2011

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