Despite the high-theatrics rollback of the Railway Budget, the government is confident of being able to push ahead with the reforms agenda. Despite the high-theatrics rollback of the Railway Budget, the government is confident of being able to push ahead with the reforms agenda. In an e-mailed post-Budget interview, Union finance minister Pranab Mukherjee took questions from Outlook’s Lola Nayar and Sebastian P.T. Edited excerpts: The government has managed to get UPA...

Poor utilization of funds and irregular disbursals have been cited as the reasons for India’s school education system failing to show desired improvement even as the government has more than doubled funds for education programmes in the past two years. The government has spent just 70% of the funds allocated for Sarva Shiksha Abhiyan (education for all) and Right to Education in 2010-11 compared with 78% in the year earlier, according...

Some 134 private management institutes have this year sought technical education regulator AICTE’s permission to close down citing a lack of students, strengthening a trend that began last year. Government academics blamed the dwindling student interest in these private institutes on the “substandard education” they offer. B- school promoters, however, put the blame on the AICTE, saying the way it had allowed private management colleges to mushroom had led to supply...

-The Times of India Many feel the Budget is positive for the education sector, with good amounts allocated to higher education and school education exempted from service tax Pranab Mukherjee, finance minister, presented the Union Budget for the year 2012-13 on Friday, with reference to the state of the global economy and its impact on India. The Budget seems positive for the education sector, with good amounts allocated to higher education and...

The government plans to cut its subsidy bill to under 2% of the gross domestic product (GDP) in 2012-13, finance minister Pranab Mukherjee said in his budget speech on Friday. High crude oil prices and burgeoning fertilizer subsidies, primarily on account of imported non-urea fertilizers, have meant India’s subsidy bill has zoomed to Rs2.16 trillion, or 2.5% of the GDP. Mukherjee has set an ambitious target to reduce this to under 1.75%...