Advertisement

HindustanTimes Tue,02 Sep 2014

Education plans face fund crunch

Charu Sudan Kasturi, Hindustan Times  New Delhi, February 18, 2013
First Published: 23:41 IST(18/2/2013) | Last Updated: 02:19 IST(19/2/2013)

Five years after the UPA launched a plethora of big-bang education schemes targeted at young India ahead of the 2009 Lok Sabha polls, a desperate funds crunch is preventing a repeat in the last full-fledged budget before the 2014 polls.

Advertisement

Finance minister P Chidambaram has conveyed to HRD minister MM Pallam Raju that the budget he delivers in Parliament on February 28 may not promise any significant increase in allocation for education, top government officials have confirmed to HT.

http://www.hindustantimes.com/Images/Popup/2013/2/19_02_13-metro11b.jpg

In fact, India's education budget may even be snipped, as the government tries to juggle social sector priorities like the food bill, with a burgeoning fiscal deficit that threatens the country's investment ratings.

"We'll just be happy if there's no cut in our budget," Raju said last week when asked about his expectations from the budget.

Over the past decade, India's central education budget has increased by 750%, from Rs.9,861 cr in 2003-04 when the Manmohan Singh government first took office, to Rs.74,056 cr in 2012. 

Singh described the 11th Five Year Plan as an "education plan."

Ahead of the 2008-2009 elections, the UPA government had announced the establishment of 8 new IITs, 8 new IIMs, a scheme to subsidize education loans, and the Rashtriya Madhyamik Shiksha Abhiyan.


Advertisement
more from New Delhi

Your guide to book a flat under the new DDA housing scheme in Delhi

Have you been visiting the DDA website, trying to figure out how to book a flat under the new housing scheme? Do you have unanswered questions? Read our list of 13 FAQ's you need to read before trying your luck. DDA removes housing scheme brochure after site crashes

Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved