Tag Archives: Sector

Budget 2019: Education sector gets ₹94,854 crore, research gets leg up

NEW DELHI: The union budget Friday allocated ₹94,853.64 crore for education sector in 2019-20, an increase of nearly₹10,000 crore of what 2018-19 budget estimates had pegged for the sector. While in 2018 budget estimate had pegged ₹85,010 crore, the revised budget had curtailed this number to ₹83,625.86 crore, the budget documents showed Friday. Of the total ₹94,853. 64 crore education budget, ₹56, 536.63 crore has been pegged for ... Read More »

Budget 2019 likely to boost India’s education sector

ndia’s Annual Budget decides the way ahead for different sectors in the country. In this year’s Budget, the Government has emphasised on education along with other sectors. How the Budget 2019-20 will pave way for improvement in education sector, observes Akhil Shahani, Managing Director, The Shahani Group, for Elets News Network (ENN). Akhil Shahani, Managing Director, The Shahani Group The acting Finance ... Read More »

Bank credit growth to priority sector slows drastically

Most of priority sector loans are supposed to serve a social purpose and they are meant to ensure that credit flows to those sections of society whom the banks may otherwise neglect. Photo: AFP It’s not just lending to the beleaguered corporate sector that has slowed—bank credit growth to the priority sector too has fallen considerably in recent months. The ... Read More »

Rural Financial Inclusion: Small Finance Banks Could Pick up Where Public Sector Banks Left Off

Microfinance institutions lend at between 20% and 26% and are able to get all their money back with negligible non-performing assets. Credit: Reuters A fundamental change is taking place in Indian banking which has the potential to become as dramatic as bank nationalisation. The process is understood, but its likely impact is not. Hence the issue is missing from headlines. ... Read More »

Why Education Is the Hardest Sector of the Economy to Automate

We’ve all heard the warning cries: automation will disrupt entire industries and put millions of people out of jobs. In fact, up to 45 percent of existing jobs can be automated using current technology. However, this may not necessarily apply to the education sector. After a detailed analysis of more than 2,000-plus work activities for more than 800 occupations, a report by McKinsey & Co states ... Read More »

Impact of GST on Education Sector

Image for representational purpose only (Photo courtesy: PTI) The Right of Children to Free and Compulsory Education Act of 2009 has made education not only compulsory but has also made the Govt. responsible to provide education at economical rates. The  Council has kept education sector free from its ambit. Services related to education, provided by any educational institution to its ... Read More »

‘Bill to Address Bankruptcy in Finance Sector in Next Parliament Session’

New Delhi: The government is likely to introduce in the monsoon session of Parliament a separate bankruptcy law to deal with insolvency in financial sector companies that include banks and NBFCs. The proposed bill will cover all financial service providers that include banks, NBFCs and microfinance institutions which have money deposited, a senior finance ministry official has said. The law ... Read More »