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    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

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    Childhood cancer and treatment

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    New Globalization Redefines MBA

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    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

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    Adil Meraj, Founder and CEO of Gurucool shares Education trends we can foresee in 2022

    Adil Meraj, Founder and CEO of Gurucool shares Education trends we can foresee in 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Online learning a boon for the CAT 2021 topper

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    National Board of Examinations announced changes in NEET MDS 2022 exam

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    New Globalization Redefines MBA

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    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Updates regarding NEET UG Counselling 2021

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    Online learning a boon for the CAT 2021 topper

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    OMOTEC to conduct 10-day Robotics Workshop for students

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    Dr Mukesh Kwatr

    Development can go hand with forestation: Dr.Mukesh Kwatra

    How to make your future bright in Naturopathy: Dr N K Sharma

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    Dr Sunita Gandhi

    Help teachers overcome the fear of tech: Dr. S Gandhi

    Blended learning is an important pedagogy for B-Schools

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    Understanding the objective of fellowship is important

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    OMOTEC’s four young geniuses win laurels at IRIS National Fair

    OMOTEC’s four young geniuses win laurels at IRIS National Fair

    Tremendous potential to uplift India’s schooling systems: Lina Ashar

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    Dr Malini Saba

    The Good, Bad, and Ugly for Education Sector From Budget 2021

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    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    UAE leads winners at GESS Education Awards

    UAE leads winners at GESS Education Awards

    bml munjal

    BML Munjal University in Partnership with Indian Academy of Management hosts workshop to encourage management research

    The next important event is the citywide teachers’ council!

    The next important event is the citywide teachers’ council!

    TiE Delhi-NCR partners with Brainfeed

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    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

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Union Budget 2019-2020 Takes on Education Sector

Union Budget 2019-2020

Finance Minister Nirmala Sitharaman announced the budget for 2019-2020 and said in her speech that the allocation for education for 19-20 will be more than three times the revised estimates. The entire budget was mixed responses from various experts and sectors.

The total allocation in 2019-20 with ₹94,853.64 crore with an increase of ₹10,000 crore. Out of which, the school sector got ₹56, 536.63 crores and rest ₹38,317.01 crore has been allocated to the higher education.

For the same Fr. P. Christie, S.J., Director, XLRI- Xavier School of Management said, “There is need for Better Governance framework within the education sector and the government’s announcements like bringing reforms in the Higher Education Regulatory Arms to promote greater autonomy and focus on better academic outcomes and the allotment of Rs.400-crore for “World Class Institutions” are steps in the right direction to build a robust education system; and we look forward to the legislation to set up the Higher Education Commission of India (HECI). However, this right intent of the government can truly be attained if we also have a long-term strategy and organizational structure in place.”

In the higher education sector, subsidy for interest and education fund has been deducted from ₹2,150 crore in 2018-19 to ₹1,900 crore in 2019-20. Also, the National Research Foundation (NRF) will be established to fund and coordinate and boost research in the country. Nirmala Sitharaman said, “NRF will ensure that the overall research eco-system in the country is strengthened with focus on identified thrust areas relevant to our national priorities and towards basic science without duplication of effort and expenditure. We would work out a very progressive and research-oriented structure for NRF. The funds available with all Ministries will be integrated with NRF. This would be adequately supplemented with additional funds.”

Also, the budget for apex bodies like All India Council for Technical Education (AICTE) and University Grants Commission (UGC) has been reduced. But an increase of allocation to central universities by nearly ₹400 crore to ₹6,843 crore. Another ₹6,410 crore for IIT as compare to ₹6,326 crore-budget allocation in the last fiscal year. Also, a significant drop of IIM budget with ₹445.5 crore for all the IIMs as compare to ₹1,036 crore allocated in 2018-19.

Tags: Union Budget

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