Wednesday, March 14, 2007

budgetary allocation

The budgetary allocation towards education sector would be massive for the fiscal year 2007-08.According to the top sources, the finance minister is contemplating of increasing the annual plan outlay for education sector from Rs 2527 crore at present to Rs 6483 crore fors 2007-08. This will result into unprecedented 156 percent hike.The half of the increased amount would be spent towards improving the infrastructure of various higher technical institutions in the country like-IITs, IIMs and NITs. Besides, the funds to the Central Universities like Jawaharlal Univesity (JNU), Delhi University (DU) and Jamia Milia Islamia and Vishwa Bharti would also be doubled

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