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Budget 2022: what does the industry want

Budget 2022: what does the industry want

The union budget can bridge the education-employability gap by reducing the GST rate for educational technology & ancillary services from 18% to at least 5%. It should allow private investors to set up schools & colleges with the ability to generate profits and equity returns. It should also allow foreign educational institutions to easily set up campuses in India, to promote healthy competition with local players. Collateral requirements for school/college educational loans should be reduced, along with interest rates, by public sector banks, to allow more families to afford the fees of quality institutions. Special sops need to be given for teacher training colleges, to enable them to expand & provide higher quality talent to institutions. None of these suggestions requires additional funds from the government, just need a practical and holistic approach to opening up education regulations.

Read Full Article: https://taazakhabarnews.com/budget-2022-what-does-the-industry-want-2/

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