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FM banks on external funding to boost higher education

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New Delhi: Saddled with a sluggish economy that is forcing the government to boost spending on agriculture and rural sectors, Union Finance Minister Nirmala Sitharaman has set her sights on foreign investments and external commercial borrowings to fund the higher education sector in India.

Presenting the Union Budget in Parliament on Saturday, Sitharaman announced a variety of measures to develop India”s education levels and skill sets capabilities even as budgetary allocation for the education sector saw an increase of around Rs 10,000 crore from last year.

“Our government proposes to provide about Rs 99,300 crore for education sector in 2020-21 and about Rs 3,000 crore for skill development,” Sitharaman said in Parliament.

Compared to the 20-21 budget, in her maiden Budget presentation presented on July 5, 2019, Sitharaman had earmarked Rs 94,853.64 crore for education.

With India set to emerge as home to the world”s largest working-age population by 2030, the government has embarked on an ambitious program to build on the education and skill sectors. However lack of funds is forcing the government to look at other funding options.

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Cheers and Cheers: Barzilla’s Joyful Ode to Inclusivity and Celebration

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The RG Marathon Championship Run 2023 in Goa was a testament to inclusivity. Initially resistant to including persons with disabilities, it eventually featured wheelchair and standing categories, thanks to advocates’ efforts. Participants showed exceptional determination, emphasizing unity in diversity. Despite challenging weather, they demonstrated the power of community support, highlighting the need for accessibility and inclusion in all state-level events in Goa.

Following the marathon, a gathering of differently-abled individuals, predominantly wheelchair users, convened for a celebratory lunch at Barzilla. The event, orchestrated by Mr. Shariq Khan and Mr. Zain Aftab, proprietors of Barzilla, honored the birthday of Sadaf Fatima, who also uses a wheelchair and is Mr. Shariq Khan’s wife.

 

The lunch featured esteemed guests including the Tourism Minister of Goa, MLA Rohan Khaunte of Porvorim, Social Welfare Minister Subhash Phal Desai, and the State Commissioner for Persons with Disability in Goa, Guruprasad Pawaskar. The event was impeccably hosted by Ms. Falak Fatima and Mr. Adarsh Parashar, offering activities such as Karaoke and Billiards. The youth of Goa exhibited their unwavering support for the community, making the party an unequivocal success.

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