Business

Budget 2018: Fresh Focus On Education And Businesses To Woo Youth

DIVYIA ASTHANA | 0
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| February 1 , 2018 , 14:58 IST

Finance Minister Arun Jaitley on Thursday presented Budget 2018, the last budget of the NDA government before the 2019 general elections, in which there were several initiatives for the youth of the nation, in the spheres of education as well as encouraging businesses.

"Indian economy has performed very well since our Government took over in May 2014, It is now the seventh largest in the world," said Jaitley, adding that, "Indian economy is on course to achieve high growth of 8 %. Economy to grow at 7.2-7.5% in second half of 2018-19."

As per the new budget, there will be a fresh push improve quality of education, increased infrastructure and further integration of technology in the process of learning.

"Budget 2018 will work with states to provide more resources to improve quality of education," said the Finance Minister.

"Government to increase digital intensity in education. Technology will be the biggest driver in improving quality of education. We propose to increase the digital intensity in education and move gradually from blackboard to digital board," he said.

The allocations also focus on providing education to far reached areas.

"Government to launch 'Revitalising Infrastructure and Systems in Education by 2022. By 2022, every block with more than 50% ST population and at least 20,000 tribal people will have 'Ekalavya' school at par with Navodaya Vidayalas.," said FM Arun Jaitley.

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"1 Lakh Gram Panchayats connected to optic fibre completed; 5 lakh Wi-Fi spots to be created in rural areas," he said.

Education is also being boosted at the higher studies level, with new medical colleges and architecture institutes being set up.

"24 new Government medical colleges and hospitals to be set up by upgrading existing district hospitals Government to set up two new full-fledged Schools of Planning and Architecture," said Jaitley.

The government has also identified specific business reform actions to improve ease of doing business, to encourage youth to opt for self-employment, apart from seeking employment.

"Government has identified 372 specific business reform actions to improve ease of doing business; Evaluation of performance under this programme to be based on user feedback," Jaitley said.