The pandemic that struck in 2020 has made things difficult for everyone. Let that be getting out of the house to buying something to work places to the economic condition of the world, everything is going through a huge change. Talking about economy of India, in two weeks the Finance Minister Nirmala Sitharaman is set to present the Union Budget for the financial year 2021-22. This year, the Union Budget 2021 will be completely paperless due to COVID-19. This is happening for the first time in India.
The session of the parliament for budget discussion, will commence on 29th January, 2020. President Ram Nath Kovind will address both houses of the Parliament at 11 am on that day. Finance minister Sitharaman will present the Budget to the Parliament on 1st February, 2020 at 11am.
Due to COVID-19, there have been major challenges the world has faced. It has affected many sectors. Education and edtech sectors of the country need government support. From shifting to online mode to the New Education Policy of 2020, there have been many changes in this sector. Nevertheless, the government should take more steps in order to help and support schools and colleges need. In order to revive the education and edtech sectors in India, government help is very important. They should provide monetary support as well as formalise a better online system to provide education.
The National Education Policy (NEP) 2020 was approved by the Union Cabinet of India on 29th July, 2020. This year’s budget will be the first budget to be declared after the NEP 2020. Hence it is expected that there will be major changes in the budget as well.
COVID-19 has already made digitization and online mode of classrooms a necessity. It is expected that government might allocated significant funds to support the recovery of school education and provide the students and teachers with proper care and bring them back to the traditional classroom teaching method. The gap between rural and urban areas education system should be taken into account and government is expected to look into this as well.
Industry stakeholders have also expressed their needs and hope that government will be considerate regarding the different career choices youth are opting for. The NEP has already increased the hopes of people regarding education system in India. The Union Budget 2021 should now think about focusing on how to implement it in the best possible way so that it is beneficial for students.
A lot of schools are on the verge of collapsing or have collapsed as they could not afford to run the school due to the financial crunches they were facing. Let the Union Budget 2021 bring some stability to India’s economic condition.