New initiatives are not only innovative but also an encouraging boost to the education sector
Akshay Munjal, Founder & CEO, Hero Vired
We welcome the government's thrust towards upskilling the youth and digitization in the Union Budget FY 23 announced today. New initiatives such as digital DESH e-portal for skilling, the expansion of PM's eVIDYA scheme, and a digital university are not only innovative but also an encouraging boost to the education sector; and will provide students with equal opportunities across rural and urban regions. While we were hoping for the rationalization of 18% GST in online education services and some tax rebate online learning programs, we are excited to see the government adopt a collaborative strategy that allows world-class universities to offer courses in financial services and technology free of Indian regulations in the GIFT city. Moreover, it is heartening to see that the Budget also included steps for the empowerment of teachers, enabling them to facilitate better learning outcomes. Finally, we are thrilled about the animation, visual effects, gaming, and comics (AVGC) Taskforce, as it has the potential to create immense employment opportunities for the youth”
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