While presenting Budget 2015, Finance Minister Arun Jaitley had emphasised more on higher education and skill development.
The government had proposed to set aside Rs. 69,074.76 crore for the education sector, out of which there was an increase in the Higher Education Budget from Rs. 23,700 crore in 2014-15 to Rs. 26,855.26 crore in 2015-16.
However, allocation for School Education & Literacy was marginally reduced to Rs. 42,219.5 crore. For Budget 2016, experts are looking for more enhancing vocational education requirements.
“With the focus on Digital India and start-ups, it would be nice to see investments in education and skilling programs to prepare the next generation. There is urgent need to transform bodies such as AICTE that control inputs such as curriculum and infrastructure and replace them with a body that rates “learning outcomes”. We need to attract private capital into higher education and invite ethical companies to invest and earn reasonable returns and ensure high standards in education. In other words we need to remove all controls and replace them with enabling regulation,” said Anil Sachdev, Founder & CEO of School of Inspired Leadership. Read More