Dr Anunaya Chaubey, Provost, Anant National University.
Credit: Anant National University
Finance Minister Nirmala Sitharaman will present the 8th consecutive Union Budget on February 1, 2025. Reports suggest that the government is mulling over cutting income tax for those who are earning up to Rs 15 lakh a year in February's budget, in turn providing relief to the middle class.
The education sector has pinned high hopes on the Union Budget FY 2025-26 documents and is keeping its fingers crossed regarding their expectations from the government's most important financial document of the year.
This is what Dr Anunaya Chaubey, Provost, Anant National University has to say--
"We hope the Union Budget 2025 builds on earlier provisions, particularly the financial support for loans of up to Rs 10 lakh for higher education in domestic institutions, making it more accessible to students. Additionally, we look forward to this budget advancing support for education, employment, and skills through supportive schemes.
Another key focus should be increasing access to quality education and technology, especially in rural and underserved areas. Investments in expanding connectivity, modernising classrooms and creating accessible online learning platforms are essential to bridging the digital divide and making education more accessible to all.
As the world evolves, the demand for skilled professionals across various sectors will grow. Meeting this need requires laying the groundwork at the school level. Strengthening industry-academia connections will better prepare students to navigate dynamic challenges, particularly in technology-disrupted environments. Easing GST on higher education institutes, coupled with tax benefits for students and professionals availing education loans for self, could provide significant relief to both institutions and students."
Union Budget 2025 | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', reports suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.