To begin with, in the 2023 Federal Budget, Finance Minister Nirmala Sitharaman presented the Modi government’s last full federal budget ahead of the 2024 Lok Sabha elections on 1 February 2023. The government has eased the new income tax regime by exempting income up to INR 3 crore from income tax.
Furthermore, with the rebate, those earning up to Rs 700,000 will not have to pay income tax. FM also simplified the tax structure, calling it the ‘standard income tax system’.
Matters addressed in the statement from Finance Minister
Moreover, in a statement the matter was addressed as follows, “As a reserve budget, I wrote down what is expected of the education sector. Focusing on FLN, NEP 2020 and NCF 2022, the budget will advance this agenda in terms of infrastructure and human resources to create a strong framework for universal access to quality education I wanted to focus on Given the learning losses suffered as a result of the pandemic, it is encouraging that this budget includes an 8% increased budget allocation for schooling. On the other hand, the allocation to Samagra Shiksha Abhiyan (SSA), which aims to improve the quality of school education by focusing on teacher training, SCERT, and DIET, remained unchanged from last year.
Union Budget identifies need for teacher recruitment.
In addition to this, the Budget has identified the need for teacher recruitment and over the next three years he plans to recruit 38,000 teachers for the Eklavya model boarding school. If implemented as planned, the district-level agenda for innovative education, capacity building, and the establishment of Centers of Excellence will have a profound impact on teaching and learning outcomes.
Moreover, to provide device-independent access to high-quality books in local languages, the establishment of the National Digital Library for Children and Youth was announced in 2018 and will be operated by IIT Kharagpur. Starting at the Panchayat level, establishing a physical library, and creating a digital library infrastructure for children who may not have digital access are inclusive, positive, and empowering for children. It will create a culture of reading among people.
In conclusion, with approximately 3.5 million children studying in 740 Eklavya Model Residential Schools, this recruitment of teachers will enhance the education and development of tribal children. To provide device-independent access to high-quality books in local languages, the establishment of the National Digital Library for Children and Youth was announced in 2018 and will be operated by IIT Kharagpur. Establishing a physical library and creating a digital library infrastructure, starting at the Panchayat level, for children who may not have digital access is inclusive, positive, and empowering for children. It will create a culture of reading among people.
