India Budget 2014: Finance Minister Jaitley loosens the purse strings to boost education
During his campaign, Narendra Modi had constantly spoken about the need to improve education facilities in the country and Finance Minister Arun Jaitley today set aside a considerable amount of funds to boost education in the country. Yesterday’s Economic Survey stressed on the need to address qualitative issues in the education sector, apart from just increasing expenditure. A shocking statistic that came out of the survey was that the Indian performance in mean years of schooling (4.4 years) is even below that of Bangladesh and Pakistan which have lower per capita incomes.
The Finance Minister said primary education is a major priority for the Modi government and that steps would be taken to provide basic school infrastructure facilities.
However, the budget also targeted higher educational institutions, proposing to set up multiple IITs and IIMs across India.
(Courtesy of Sannam S4)
Source: Firstpost
URL:http://www.firstpost.com/budget-2014/budget-2014-jaitley-loosens-the-purse-strings-to-boost-education-1612903.html
