Revised Education Cess to be used for the Marginalized Section
Finance Minister Arun Jaitley stressed that this year's Union Budget would focus on four aspects namely-strengthening of agriculture, education, healthcare benefits and improving infrastructure. Let's see if it is the case or Mr. Jaitely had only increased the trouble for the larger section of the population.
As he stressed upon "Improving the quality of education in the country" it is essential to see what are the final outcomings of this budget, which is supposed to be the last financial budget of this working Indian government. Finance Minister Arun Jaitley today proposed to replace existing 3 percent education cess on personal income tax and corporation tax with a 4 percent 'Health and Education Cess' to take care the education and health needs of poor and rural families.
"In order to take care of the needs of education and health of BPL and rural families... I propose to increase the cess by one percent. The existing three per cent education cess will be replaced by a four percent 'Health and Education Cess' to be levied on the tax payable.
"This will enable us to collect an estimated additional amount of Rs 11,000 crore," Jaitley said while presenting the Budget 2018-19 in Parliament yesterday. "In order to take care of the needs of education and health of BPL and rural families... I propose to increase the cess by one percent. The existing three per cent education cess will be replaced by a four percent 'Health and Education Cess' to be levied on the tax payable.
Here are some key highlights for the education sector:
- The government has proposed to increase digital intensity in education, as technology will be the biggest driver in improving quality of education.
- The government will launch 'Revitalising Infrastructure and Systems in Education' by 2022.
- By 2022, every block with more than 50 percent ST population and at least 20,000 tribal people will have 'Ekalavya' school at par with Navodaya Vidayalas.
- The government will introduce 24 new medical colleges, including an upgradation of certain existing colleges. This move will ensure a government medical college in every state.
- Jaitley also proposed to set up two new full-fledged schools of Planning and Architecture.
- The Finance Minister also proposed a gradual move from the blackboard to digital board.
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