Union Budget 2020-21: Union Budget 2020 is all set to present today and not all eye is on the announcement by the Union Finance Minister Nirmala Sitharaman in Parliament. Amid the all the major core issues including Job, Economy and other, healthcare, education and women’s issues are the major areas where government announcement will be on high demand. Expert have anticipated the issues on whihc there is a need for the sufficient budget allocation.
During the Union Budget 2020, there is a need to focus on healthcare, education and women’s issues in a bid to improve the country’s human development index. According to the Dr. Narendra Shyamsukha, Founder Chairman, ICA Edu Skills when briefing about the insights/aspirations for the Union Budget 2020, has said that healthcare, education and women’s issues are needed to pay attention to improve the country’s human development index.
He said, "One of the first things the government needs to do is cap the GST rate for all types of skill training irrespective of whether it is government-funded/CSR funded/self or employer-funded by 15%. Even skill training should be integrated with school education and it should be made compulsory for at least 1 job role from class X to XII."
He further said that National Skill Development Corporation’s interest rate charged from skill partners should be reduced from the present by 2 %. The government needs to make adequate budgetary allocation so that in every district at least 10, 000 to 15,000+ people can be given some sort of skill training. The number of Pradhan Mantri Kaushal Kendras and budgetary support for them should also be increased.
In addition, it would be well worth it if vocational education is made a mainstream university option distinct from engineering and medical streams for students passing out from school. Skill universities should be operated pan India, instead of state wise. As skill delivery happens in association with employer demand and R&D work, placement tie-ups can be more beneficial, if allowed pan India. A year internship should be made compulsory for every graduation program.
According to him, "The government should set aside budget allocations for international globally accepted certification and training programs which are standardized skill development tools for creating a baseline skill benchmark. Examples of such alliances and funding are commonplace in many developed as well as developing economies. Also, the government should spruce up an apprenticeship program that helps industry and academic institutions get on the same page on the skill required from fresh graduates."
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