Published: 05th July 2019
Union Budget 2019: Government to invest 400 crores for development of world class institutions
Nirmala Sitharama heralded the National Education Policy and said it would transform India's higher education into one of the best in the world
The Finance Minister announced that the government will invest 400 crores for the development of world-class institutions which is three times the revised estimates of the previous year.
Nirmala Sitharama heralded the National Education Policy and said it would transform India's higher education into one of the best in the world. She said that the NEP has proposed major changes in school and higher education and stress will be put on governance research and innovation.
The Minister also proposed a National Research Foundation to promote research and strengthen a research-oriented structure. She also proposed the 'Study In India' initiative to encourage students from foreign countries to study in India. India to become 'hub' of education. The Minister said greater autonomy will give better academic outcomes.
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The Finance Minister also introduced the Khela India scheme that will popularise sports at all levels and a sports development board will ensure sports is given utmost priority.
Besides improving skill development training, the Minister also said that relevant skill training will be given to youth to prepare them for overseas jobs. This will also include language training. These skills will include Artifical intelligence, Internet of Things, 3 Printing.
She also pointed out the fact that three Indian institutes had made into the World Ranking this year and appreciated the efforts of the institutes to protect its credentials. She also said that the Swayam initiative has bridged the digital divide and has upgraded quality teaching.
India's first full-time woman finance minister Nirmala Sitharaman presented her maiden union budget at 11 am on July 5. Sitharaman reached the Parliament an hour ahead of time with the budget document folded in a red traditional cloth sealed with the government seal. Analysts and the media had predicted that her first budget will be focused on the middle class and the poor and that it will take the SoPs presented in the interim budget by Piyush Goyal in February further.
Sitharaman has to deal with income tax exemption slabs, unemployment and form a pro-janta budget with the added task of pulling the country out of a five year low. With former Education Minister Prakash Javdekar promising that the government will try its best to spend 6 per cent of the GDP on education and the PM stressing on the youth development and innovation, eyes are on Sitharaman's budget to bring the change.