Published on Fri, Feb 29, 2008 at 11:19 | Source : CNBC-TV18
Updated at Sat, Mar 01, 2008 at 13:15
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FM gives leg up to premier institutes- IITs, IISc
In a Poll oriented Budget, Finance Minister P Chidambaram has upped the education and health allocation by 20% at Rs 34,400 crore. He has proposed to setting up 16 central universities and 6,000 high quality schools which will be built by FY09. Last year this allocation stood at 34.2% or Rs 32,352 crore.
A lot of emphasis by way of expectations lay on the education sector this year and it has been on the priority list for this year's Budget.
Finance Minister P Chidambaram has not disappointed. He has upped the education and health allocation by 20% at Rs 34,400 crore. He has proposed to setting up 16 central universities and 6,000 high quality schools which will be built by FY09. Last year this allocation stood at 34.2% or Rs 32,352 crore.
India's premier institutes have also got a leg up, as the FM announced three IITs to be set up in in Andhra Pradesh, Bihar and Rajasthan, along with setting up of three IISCs in Bhopal and Trivandrum.
The Government will also be alloting Rs 100 crore to IT Ministry to link Knowledge Institutes.
Finally, the midday-meal Scheme has been extended to upper primary classes in all blocks.
The Stocks that were seen buzzing on the stock exchanges post this news were Malu paper, Rama newsprint, Educomp, Aptech,NIIT, Everonn and Today's Writing.
India's premier institutes have also got a leg up, as the FM announced three IITs to be set up in in Andhra Pradesh, Bihar and Rajasthan, along with setting up of three IISCs in Bhopal and Trivandrum.
