PHDCCI’s Budget reaction on Education
City Air News
Feb 2, 2025 06:19
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“Finance Minister Nirmala Sitharaman’s recommendations in the Union Budget 2025-26 on education are far-reaching and impactful. The overall reduction in income tax rates will give greater spending power to families which will be able to access high quality education.
Among the other positive steps for this sector are increase in the tax exemption period of charitable institutions and trusts from 5 years to 10 years which will attract greater investments from the private sector. Private sector institutions play a large role in education sector of the country, and the government has taken a positive step in increasing the level of trust in them through this step.
Artificial intelligence has the potential to revolutionise education and improve the quality and accessibility of education. A centre of excellence on artificial intelligence in education at an investment of Rs 500 crore will provide the much-needed thrust to technology adoption and AI. Through this the government has planned for long term adoption of the technology in education sector in India.
Atal Tinkering Labs in 50,000 government schools and broadband connectivity in government secondary schools will provide further boost to innovation and digital literacy.”
Shreevats Jaipuria, Chair Education Committee, PHDCCI
