Budget’16 will help standardize education, says MBD Group Director Monica Malhotra
Finance Minister Arun Jaitley announced his third Union budget on Monday which is being hailed throughout the country. ‘Education, skills and job creation’ has been one of the nine pillars announced by him with the onset of his presentation of the budget which has made the education industry hopeful.
Monica Malhotra Kandhari, Senior Director at MBD Group which has ventured into publishing at an international level, said, “We welcome the budget’s liberal fund allocation towards education, skill development and job creation in the country and the government has rightfully described ‘education, skills and job creation’ as one of the ‘nine pillars’ that will transform the country. The budget proposal to establish 1500 multi-skill development centres with an allocation of Rs. 1,700 crore and develop entrepreneurial skills in one crore youth in the next three years is a major step. This will make the youth of our country skilled and job ready.”
Expressing faith in the announcements made by Jaitley, Monica Malhotra of MBD Group is looking forward to a better future for the industry. She said, “We believe that a host of other initiatives like Digital Literacy Mission Scheme for rural India, Entrepreneurship Education and Training through Massive Open Online Courses, and regulatory architecture for 10 public and 10 private institutions for world class teaching will also go a long way in imparting quality education and bringing standardization in education and improving literacy percentage of the country. With skills developing initiative, the youth will get employed/self-employed and living standards will improve. Especially the government initiatives are mostly employment linked which makes this whole exercise more effective.”