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15/02/2024
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"While last year's budget rightfully emphasised green growth and sustainability, this year presents a unique opportunity to invest in our most valuable asset—human capital. Specifically, focusing on nurturing the talent and innovative spirit of the Indian youth will be instrumental in driving our digital economy forward. Despite a longstanding debate over the recommended 6% Gross Domestic Product (GDP) allocation to the public education system—a policy instituted six decades past—it is imperative to reassess these metrics in light of current needs and demands. Moving forward, some aspects within design education require particular attention in the upcoming budget. One critical aspect is the imperative to boost the Research and Development (R&D) sector in tandem with strategic investments in infrastructure. Allocating the budget for co-funded research projects between design institutes and private companies, leveraging industry expertise, will be paramount. Providing direct grants to expand and equip design labs with cutting-edge tools and technologies will facilitate deeper exploration and innovation,” says Jitin Chadha, Founder & CEO, Indian Institute of Art & Design.
To read the complete story, please click on the link below: https://timesofindia.indiatimes.com/business/budget/budget-2024-expectations-live-updates-interim-budget-income-tax-slabs-itr-education-infrastructure-railways-healthcare-auto-nirmala-sitharaman/liveblog/107162921.cms https://www.business-standard.com/budget/news/interim-budget-2024-what-does-the-education-sector-expect-from-centre-124012600320_1.html https://yourstory.com/2024/01/budget-2024-edtech-tax-break-govt-schemes-funds-physicswallah-upgrad-lead https://www.thehansindia.com/hans/education-careers/pre-budget-expectation-2024-25-heres-what-education-sector-expect-853595?infinitescroll=1 https://www.thehansindia.com/hans/young-hans/budget-2024-heres-what-education-sector-expects-853804 https://www.zeebiz.com/union-budget/news-budget-2024-nirmala-sitharaman-different-sectors-expectations-pm-narendra-modi-lok-sabha-election-2024-273523 https://education.economictimes.indiatimes.com/news/higher-education/budget-2024-academia-calls-for-a-boost-in-higher-education-funding/107257819
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