Education Budget 2023: Allocation of Rs 1.12 lakh crore, outlay rises by 8.27%; highlights

CM Bhupesh Baghel termed the Union Budget “nirmam” (ruthless), claiming that it lacks provisions to double the income of farmers, create employment opportunities and control inflation. Delhi Deputy Chief Minister Manish Sisodia said that the budget will only immerse the country in debt.

WB finance minister, Chandrima Bhattacharya dubbed the union budget "anti-poor" and said no steps or measures were announced to bring down inflation. Echoing the same, Kerala CM, Pinarayi Vijayan said that Union Budget 2023-24 does not attempt to solve the growing economic disparities in the country.

(Inputs from PTI)

"No concrete plan has been announced to boost the health infrastructure in the country, right from the primary level, and even the funds allocated are miserly, which shows the apathy of the government towards the working population of the country. The announcement to open 157 Nursing Colleges is highly inadequate and would not serve to correct the highly skewed ratio of nurses to patients in the country," said KYS in a statement.

Also read | Education Budget 2023: 157 new nursing colleges; ICMR labs; programme on pharma research

KYS further emphasises "Formal and quality education, thus, is to remain a privilege of the elite, while the majority of the oppressed and deprived masses would be shoved into worthless, informal, digital platforms, thereby absolving the government of its responsibility to create educational infrastructure."

"The measures announced by the government push for informalization i.e. instead of announcing much-needed measures for the drastically increasing number of institutions in primary, secondary, and higher education, the focus is on digital learning. The exclusionary focus on e-learning serves as a means to push the agenda of NEP forward as it maintains silence on the grassroots problems of the current public education system," said Krantikari Yuva Sangathan (KYS), in a press statement.

The outlay for education has been increased by 8%, but it is a total eyewash as even this marginal increase is due to the inflation in the economy, and in real terms, it is a decline rather than an increase, said KYS in a statement.

"Funds have been earmarked for the promotion of informal Open and Distance Learning (ODL) and digital mode which will increase the cost of education for the learners while decreasing the expenditure of the government. Funds allotted for formal-mode higher education are inadequate and with the funds being withheld for the second tranche of OBC expansion, and the funds for EWS expansion being highly inadequate," the statement further added.

Krantikari Yuva Sangathan (KYS), in a press statement said that the Union Budget 2023 had  no benefits for youth, students, and the common masses. "Evading the key issues plaguing the masses of the country such as sky-high inflation, rising taxes on and prices of essential commodities, worsening unemployment, etc. the budget seeks to congratulate the government for its non-existent policies for lessening the problems of the common people," read the statement.

The central scheme for setting up Eklavya Model Residential Schools (EMRS) for tribal students has been allocated Rs 5,943 crore for the next financial year in the union budget 2023-23. This represents a massive 197% increase in allocation from the last budget which had budgeted Rs 2,000 crore for the scheme. Read more Here .

"Within the budget, there are enough semblances of the fact that the government is abdicating its responsibility expanding publicly funded institutions. Despite the oft-repeated rhetoric of making India an education hub for the world, the government is hell-bent on destroying the equality of education in publicly funded institutions by its spirited efforts of supplanting classroom teaching with MOOCS, SWAYAM like platforms," said AADTA.

"Union Budget, was expected to compensate for the previous year fund cuts for the Higher Education Institutes (HEIs), and has proved to be a document in disappointment. Instead of raising the funds substantially, the allocation for the Higher Education Department has followed the declining trends in 2023-24 as well, amounting to a meagre 0.97 % of total budget," read a press statement by Academics for Action & Development Delhi Teachers Association (AADTA).

AADTA, in a press statement demands increase in budgetary allocation on education. Seema Das, Member EC DU, said: "While the teachers and students are opposing the privatization, the financial direction of this budget has drastic cut in public investment in the education sector. The education will become expensive and difficult to access for socially and economically weaker sections of the society."

EdTech sectors glad that Union Budget 2023 focuses on 'digital revolution' and promotes use of artificial intelligence in educational institutions. "It will create a digital ecosystem in the education sector, encourage digital education and largely benefit the students who are lagging due to the pandemic, said Aarul Malviya, the founder of Zamt. Read More here.

(Inputs from PTI)

Gujarat Chief Minister Bhupendra Patel said that the Union Budget fulfils the hopes and expectations of the country’s poor, the deprived, and the middle class by giving them innovative opportunities for development. He said the Budget “embodies” the vision of Prime Minister Narendra Modi of making India a developed nation in the “Amrit Kaal”.

(Inputs by PTI)

"According to the Economic Survey 2022-23, the budgetary allocation for education as a percentage of total expenditure has dropped over the past seven years, from 10.4% to 9.5%!" said a press statement by AIDSO Karnataka State Committee. Education is 'neglected and no efforts to strengthen government educational institutions and curb privatisation' added the statement.

Alison Barrett MBE, Director India, British Council, said: “The Union Budget 2023 focuses on education and skilling as key growth drivers for inclusive development; this is being addressed not only through the deployment of R&D and tech but crucially through teacher recruitment and training, and increased access to books and material to all corners of the country through the National Digital Library. Foundational literacy and access to education provided through skilled teachers has been highlighted as a priority in the NEP 2020, for India to effectively prepare its growing young population for the future."

According to a Delhi-based non-profit, HAQ Centre for Child Rights, it said that the allocation for National Child Labour Project continues to receive reduced allocations, a trend that’s continued over the years. This year's budget further reduces it by 33%.

Read More | Union Budget 2023 Analysis: Overall decline in allocation for children, massive cuts in scholarships

Finance minister Nirmala Sitharaman's budget speech for 2023 emphasised on inclusivity but the allocations toward the education of historically-margined castes has seen only slight changes, and in some cases, cuts.

Read More | Education Budget 2023 Analysis: 41% cut in pre-matric scholarships for OBC, EBC, DNT

Anunaya Chaubey, Provost, Anant National University, said: "The announcement of the three centres of excellence in Artificial Intelligence will set a precedence and foster an environment for interdisciplinary research, developing cutting-edge applications and scalable problem solutions in the areas of health, agriculture and sustainable cities. For a new-age design university like ours, this seems to be a very exciting time as this offers immense possibilities for our students and faculty."

Nikhil Barshikar, Founder and MD of Imarticus Learning, said: " We are pleased with the way Union Budget 2023 has focused on leveraging technology to drive deeper penetration into the market and breaking barriers to provide access to top-quality education to the masses. We expect EdTech businesses catering to the Tier-II and lower cities to gain significant momentum in the coming years."

Mayank Maheshwari, Co-Founder & COO of University Living, said: ”The latest announcements by the Prime Minister, Mr. Narendra Modi on foreign universities starting to come to India have put a light on the education and accommodation sector. it is a very thoughtful and well-researched decision by the government to take a higher notch in the country’s growth and compete with world developments”.

Bhavesh Goswami, Founder & CEO, CloudThat, said: "It is a bit disappointing to see that the GST has not been reduced for education. Ed Tech companies today are on the rise and carry huge potential to help the government and industries. I wish the budget had more room for this."

Shilpa Ajay, Professor and Head, Department of Management Studies (MBA), Nitte Meenakshi Institute of Technology, Bengaluru said: "This union budget has tried to cope up with the pre-budget expectations to a limited margin, especially in the Educational sector. This budget truly recognizes the critical role of education and engineering in driving innovation and progress, and I am excited to see the positive impact these initiatives will have on our future workforce. We hope to see a strong implementation process resulting in the development of the educational sector to a good extent."

Vamsi Krishna, CEO & Co-Founder, Vedantu, said: "The Union Budget 2023-24 lays out a well-defined framework for inclusive and technology-enabled education in India. I am thrilled with the vision and foresight of the Indian Government in driving transformation in education. With these announcements, we are laying the foundation for a better future that is technologically enabled and educationally empowered, making India a shining example for the rest of the world to follow.”

Dharmil Bavishi, Co-founder at Bullspree, said: “The Union Budget takes a much needed step in the process of achieving equitable distribution of wealth. Financial literacy is the foundation of a sound financial future, and it is the need of the hour. The more individuals understand money and the investment instruments to manage and grow their incomes, the better equipped they will be to take informed decisions and secure their financial future."

Also Read | Chhattisgarh CM Baghel announces allowance for unemployed youth from next financial year

" I'm glad that the finance minister talked about financial literacy. Such fiscal incentives are bound to help narrow the income gap among genders in our country. In addition, having a fully functional KYC system to meet the needs of digital India is a fantastic step because it simplifies life. It removes the need for physical document submission and verification, making the process more efficient and comfortable for businesses by reducing the time and effort required to make changes. The simpler process will help more individuals come into the digital transactions fold," Bavishi further added.

Pratham Mittal, Founder, Masters' Union, said: "The Union Budget 2023 gets many things right! It is focused on growth and I am glad that job creation and youth upliftment get priority. The push for digital upskilling and entrepreneurship enhancement will encourage an entrepreneurial culture and increase India's visibility internationally. While there's a focus on bridging the industry-academia gap, the budget could've done more on infusing some much-needed innovation in how education is imparted in our country."

Debashis Chatterjee, Director IIM Kozhikode, said: “Union Budget 2023 is a holistic foundation for India of the future with an overall boost to education, skilling, job creation and entrepreneurship. The thrust on building digital and public infrastructure with a keen focus on sustainability, is a shot in the arm for education and entrepreneurship."

Also Read | Higher Education Budget 2023 Highlights: Outlay rises by 8% to Rs 44, 094 Cr; IIMs face steep cut

"New initiatives like the National Digital Library for children and adolescents will herald a new era in community participation ably supported and guided by Higher Education Institutes like IIMs. This indeed is a solid blueprint laid out for India@2047, when independent India turns 100," he further added.

• Three centers of excellence for artificial intelligence to be set up for realizing the vision of 'Make AI in India and Make AI work in India.'
• Revamped teachers training via district institutes of education and training
• 157 new nursing colleges to be established
• States will be encourages to set up physical libraries at panchayat and ward levels.

Manav Subodh, Founder, 1M1B, said: "I am very happy to see an increased investment in efforts to make India’s sustainability and climate action agenda go mainstream. This will mobilize businesses on India's green economy agenda and create more green jobs. I believe that this will ready India to power the global job economy, leverage our upcoming demographic dividend and shift the focus to developing clean technology and greener solutions.  In my opinion, the fundamental need of the hour is green skills and creating a sustainability mindset at the core - and I'm glad that this budget seems to agree."

VN Rajasekharan Pillai, Vice-Chancellor of Somaiya Vidyavihar University, said: “I am delighted to know about the new developments that the government has proposed for the flourishment the education sector. The government is now catering to the modern era, and has planned to set up the new National Digital Library, which might just prove to be revolutionary."

"Somaiya Vidyavihar University completely supports the re-envisioning of the teachers’ training, since it would prove to provide an holistic approach in the development towards the quality of education, he further added.

RCM Reddy, MD & CEO, Schoolnet India Ltd, said: "The government’s enhanced focus on increasing education access in rural India in this year’s Union Budget is a welcome move and will have a positive impact on the country's literacy rate. It is also reassuring to see that teachers’ training has been given prominence; we look forward to witnessing its effective implementation in the year."

Maithili Tambe, CEO, The Academy School, Pune said: "The budget has struck a fine balance as far as education and the societal strata go. In order to boost education among tribals, more than 38,000 teachers would be recruited, thus empowering not only the 3.5 lakh students but also the teaching fraternity with job opportunities. The teacher training move will only further benefit the education sector as a whole."

The Central Universities will receive Rs 2,108.9 crore more in the upcoming year as the budget rises to Rs 11,528.90 crore. The IITs have been allocated Rs 9,661.50 crore, an increase of Rs 1,166.5 crore over the 2022-23 budget estimates. The budget for Indian Institute of Management (IIMs) has dropped drastically, from Rs 653.92 crore to Rs 300 crore in next year's budget.

Also Read | Higher Education Budget 2023 Highlights: Outlay rises by 8% to Rs 44, 094 Cr; IIMs face steep cut

Rohit Gajbhiye, CEO, Financepeer said: "With a strong focus on practical skill development and digital education, the Union budget 2023 has addressed the right issues for the education sector in the country. The promotion of education in regional languages will help education reach more and more parts of the nation. The national digital library will be a great resource for students and professionals across the country irrespective of age or location. Practical training of teachers and continuous professional development will be crucial for making the country’s education sector world-class. The need of practical skills in students graduating from university has become crucial to make them competent for different industries. The PM Kaushal Vikas Yojna 4.0 will be the game changer for the industries in the country. In the rapidly changing corporate world, professionals constantly need to keep upskilling themselves to stay relevant and useful. The integrated platform for upskilling will be the solution provider for all the upskilling needs."

Harsh Bharwani, CEO & MD at Jetking Infortrain said: "Union Budget 2023 gives the much-needed boost to the lower middle class and middle-class section of the society. Revised tax rebate is a celebrated move as it will give them chance to invest more in their children’s education which will help in the up-skilling and making them industry ready."

Md. Sajid Khan Director-India, ACCA, said: "The launch of the PM Kaushal Vikaas Yojana 4.0 and the unified 'Skill India Digital Platform' for lakhs of Indian youth will help in a substantial increase in the quality of workforce, and will also open up a new range of opportunities for employment. The Direct Benefit Transfer under pan-India National Apprenticeship Promotion Scheme to provide stipend support to 47 lakh in three years will boost training, build the capacity of the apprenticeship ecosystem and provide assistance to support rapid growth”.

Anish Srikrishna, CEO, TimesPro, said: "The budget has ushered a slew of initiatives by emphasising the National Education Policy's skilling outlook. We welcome the move and expect public-private cooperation to meet the goals of this initiative, accelerating India's transition to an Industry 4.0 economy. The three AI centres of excellence to enable 'Make AI for India' and 'Make AI work for India' will benefit the development of digital infrastructure and skills in India. At a time when skilling and reskilling are critical for India's youth, the government's recognition of the need for skilling is an encouraging move for the Higher Education and H.EdTech sectors. However, we continue to believe that lowering the GST on professional learning programmes would have made modern learning more accessible and affordable, assisting millions of learners in becoming future-ready."

Atulya Kaushik, Co-founder & CEO of PrepInsta said: "The Budget seems to give more push to employability readiness in youths. Direct Benefit Transfer under a pan India national apprenticeship scheme which will impact 47 lakh youths seems promising. Setting up 100 Labs in engineering institutions will help graduates be ready to build applications on India's 5G stack. Focus on smart classrooms will also help us take advantage of the metaverse and immersive learning. Overall it should help India to release its demographic dividend for inclusive development. We applaud the government’s decision to establish a National Digital Library for Children and Adolescence to facilitate access to high-quality books on any device. The finance minister’s decision to expand Eklavya model schools for tribal students is another step forward in promoting digital literacy. Furthermore, by proposing 30 Skill India International centers across various states, Surely, this year’s budget clearly emphasizes the importance of closing the skill gap in youth across India."

Rajesh Bhatia, Founder, and CEO, Treehouse Education & Accessories Ltd, said: "As an educationist, for me, the prioritisation of the ed-tech sector was of primary importance and I am glad, the budget advocates 'Make AI in India, make AI work for India' and re-envision teachers training through innovative pedagogy. I am also glad that Centres of Excellence for AI will be initiated in top educational institutions and leading industry players will conduct interdisciplinary research. I hope cutting-edge applications will also be developed for the education sector. It is also heartening that the budget is cognisant of the need to promote the culture of reading and  the National Book Trust, the Children's Book Trust, etc will be encouraged to offer books in  regional languages and in English."

Dhuwarakha Sriram, Chief of Generation Unlimited (YuWaah) and Youth Development and Partnerships at UNICEF said: "The introduction of the National Digital Library for children and adolescents, provisions for teacher training, on-the-job skill training, apprenticeships, and the creation of 30 Skill India International Centres will help promote access to knowledge .The digital and physical infrastructure, particularly for the most marginalised young people in the hinterland, will help build higher student engagement and interest, and make learning an easy process."

Ritika Kumar, Founder & CEO of STEM Metaverse said: "We are thrilled to see the government's commitment to empowering students through innovative and futuristic learning solutions in Union Budget 2023. The establishment of a National Digital Library for children and adolescents, physical libraries at panchayat levels, and a focus on teacher training are all steps in the right direction."

Inclusive development includes-

• Enhances education expenditure: 2.9% of GDP in Financial year 2023.
• Revamped teachers' training via district institutes of education and training.
• National digital library to be set up for children and adolescents.
• States will be encourages to set up physical libraries at Panchayat and ward levels.
• PMKVY 4.0 to be launched to skill lakhs of youth.

The EMRS scheme for setting up Ekalavya Model Residential Schools (EMRS) has been allocated Rs 5,943.00 crore, more than double this year's allocation of Rs 2,000 crore.

A total of 157 new nursing colleges will be established with the existing 157 medical colleges established since 2014, finance minister Nirmala Sitharaman announced while presenting the union budget 2023-24 today. Read more here .

National Tribal Welfare Programme has been allocated Rs 655.49 crore, down from Rs 945.53 crore earmarked for it in 2022-23. The programme's budget had be drastically revised down to Rs 447.28 crore. The programme components include the National Fellowship and Scholarship for Higher Education of ST Students which has received Rs 145 crore.

Beas Dev Ralhan, CEO, Next Education said: "The 2023 Union Budget highlights various initiatives by the Government of India to promote new age frontier technologies as well as youth upskilling across sectors." He further adds that the initiatives announced as a part of the Union Budget 2023 today are signs of building a new, strong, digital India focused on sustainability and growth.

With just Rs 44 crore allocated to it in the Union Budget 2023,merit-cum means scholarship for professional and technical courses for students from minority communities has been cut by a massive 87%. Scholarships and education schemes across the board see a cut.

Also Read | Education Budget 2023: Funds for merit-cum-means scholarship for minorities slashed by 87%

Colonel Gopal Karunakaran, CEO, Shiv Nadar School, said: "I welcome the launch of Pradhan Mantri Kaushal Vikas Yojana 4.0 in the 2023 education budget. This scheme, which will focus on equipping the youth with cutting-edge skills in fields such as AI, robotics, and 3D printing, is a welcome step towards preparing our students for the demands of the 21st-century global marketplace. The emphasis on developing soft skills and launching 30 international centers will create numerous opportunities for our students to gain valuable experience and increase their competitiveness in the international arena."

The SAMBAL programme, including Beti Bacaho Beti Padhao, One Stop Centre, Nari Adalat, Mahila Police Volunteer, Women's Helpline etc., under Mission Shakti has been revised down to Rs 333 crore.

The allocation to Saksham Anganwadi, earlier named Integrated Child Development Services (ICDS), and POSHAN 2.0 has seen a 1.5% increase in allocation, of Rs 291.24 crore.

Scholarships for Higher Education for Young Achievers Scheme (SHREYAS) for SCs has got Rs 371.00 crore, up from Rs 364 crore in the current year. However, budget for the National Fellowship for SCs has reduced from Rs 173 crore to Rs 163 crore.

The merit-cum means scholarship for professional and technical courses has seen a cut of 87% with Rs 44 crore allocated in 2023-24. In Union Budget 2022-23, Rs 365 crore were allocated to the scheme. Also read | Number of SC, ST students getting means-cum-merit scholarship dropped 17.47%, 27% in 2021-22

Harivansh Chaturvedi, Director, BIMTECH, Greater Noida called Budget 2023 "a pragmatic budget and not a populist budget". He said, "There were slew of provisions for the education sector. It is probably the first time when the union budget witnessed mention of teacher training, capacity-building programs and a culture of reading. The establishment of District Training Centres for educators will revolutionize both public and private school education across India. The district institutes of education and training will be developed into vibrant institutes of excellence for this purpose."

Harivansh Chaturvedi, Director, BIMTECH, Greater Noida

In Budget 2023 speech, Nirmala Sitharaman announced the launch of new-age courses for industry 4.0 like coding, Artificial Intelligence, Internet of Things, mechatronics, drones and other soft skills. The minister said that 30 Skill India International Centres will be set up across states. READ | Higher Education Budget 2023 Highlights: Outlay rises by 8% to Rs 44, 094 Cr; IIMs face steep cut

Key points of Budget 2023 this year for education sector.

• PMKVY 4.0, 30 skill India international centres
• 100 labs for developing apps using 5G services
• Non-curricular books in regional languages
• Select ICMR labs to be opened for public
• Three centres of excellence in Artificial Intelligence will be set up in top educational institutions.
• National Digital Library
• Teacher Training will be r-envisioned
• Strong impetus to growth and job creation

Hari Shankar Shyam, professor at Sharda University said: "As expected, the government has given a boost to skill development among youths by opening an integrated online platform for upskilling, this will be the game changer and will have a significant impact on the economy. Apart from skill development, the government has focused a lot on training and research by opening a centre for excellence of AI and labs for 5G. I am certain this will help a lot with entrepreneurship and many youngsters will come with their startup’s."

Hari Shankar Shyam, professor at Sharda University

This year, no funds were allocated for teachers training and adult education despite it receiving Rs 127 crore in last year’s budget.

The PM Schools for Rising India (PM SHRI) has been allocated Rs 4,000 crores. The scheme was launched in 2022 to develop and upgrade nearly 15,000 schools across the country. "In five years, starting from 2022 till 2027, Rs 27, 360 crore will be spent to upgrade 14, 597 schools into model schools," Education minister Dharmendra Pradhan had said on last Teacher's Day.

Both Kendriya Vidyalayas and Navodaya Vidyalayas received increased allocations. The Kendriya Vidyalaya Sangathan (KVS) saw an increase of nearly Rs 70 crore for the next financial year taking the total allocation to Rs 8,363 crores. The Navodaya Vidyala Samiti saw an increase of over Rs 1,300 crores in allocations compared to last year’s budget. The Navodaya Vidyala Samiti has been allocated Rs 5486.50 for 2023-24.

Education Budget 2023 for KVS

General education gets Rs 20,573.27 while technical education gets Rs 18,330.74 crore, as per the Budget 2023

Rashtriya Ucchatar Shiksha Abhiyan (RUSA), the main scheme to support state universities, has been allocated Rs 1,500 crore, down from Rs 2,042.95 in the current financial year. Interesting, RUSA's budget had been revised down to just Rs 360.67 crore.

READ | Education ministry spent only 8.3% of budget estimate for RUSA in 2021-22

The PM Poshan scheme has been allocated Rs 11,600 crores, an increase of over Rs 600 crore from 2021-22. The scheme had received reduced allocations in  last year’s budget, that is 2022-23, with only Rs 10,233 crore being allocated to it.

The country’s biggest school education scheme, the Samagra Shiksha Abhiyan, has been allocated Rs 37,453.47 crore, a slight increase from last year’s Rs 37,383 crore.

School education budget 2023

IIM Budget 2023: Budgetary support to the Indian Institutes of Management (IIMs) has dropped drastically, from Rs 653.92 crore to Rs 300 crore in next year's budget. The oldest IIMs are largely financially autonomous. Rs 284.83 crore of the total Rs 300 crore is earmarked for repayment of HEFA loans. Funds beyond what is needed for repaying HEFA loans have been cut to just Rs 15.17 crore from Rs 323.50 crore.

IIM Bangalore

AK Srikanth, CEO at KLAY said: "Education is of utmost importance at every level and it is a welcome move to see the government implement Eklavya Modern Schools in the next three years which will bolster the education of tribal India. Having said that, the GST on education is still a vital concern which was not discussed by the Finance Minister. One of the primary focuses of early education should also be on skill based learning which should be adopted by primary schools. In the past few years, the need for skill based jobs have increased in India hence the move by the government to implement Pradhan Mantri Kaushal Vikas Yojana 4.0 in next three years is also a great move to bridge the gap."

New National Apprenticeship Training Scheme (NATS) has received Rs 440 crore, finance minister Nirmala Sitharaman announced.

Education Budget 2023 | IITs: Rs 9,661.50 crore, an increase of Rs 1,166.5 crore over the 2022-23 budget estimate(BE) and higher than the revised estimate as well.

ASPIRE, A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship, had seen its budget cut drastically in the revised estimates and has received no allocation in the next year. Rs 600 crore had been earmarked for it in the 2022-23 budget.

Budget 2023 for "internationalisation of higher education" remains exactly the same - Rs 200 crore.

Central Universities get Rs 2,108.9 crore more as budget rises to Rs 11,528.90 crore. However, Rs 276.34 crore of this is for repaying infrastructure loan from the Higher Education Finance Agency (HEFA).

"One urgent reform the education system needs is to address the digital divide. The budget, unfortunately, doesn’t emphasize much on it. The budget speech has ignored another recurrent demand from the education sector, which is to remove or at least reduce GST on education services. I also wish that the government had allocated more funds for education. We are yet to touch the target of spending 6% of the GDP on education which the National Education Policy 2020 had envisaged," Pranay Aggarwal, Sociology faculty, IAS Gurukul said.

Pranay Aggarwal, Sociology faculty, IAS Gurukul

On Education Budget 2023, Pranay Aggarwal, Sociology faculty, IAS Gurukul said: "While the budget will give the much needed push to the education sector, it could have done so much more. Teachers’ training is something previous governments have ignored. This budget expresses the intent to bring about innovations in pedagogy and curriculum. There is also a belated but welcome emphasis on tribal education. The National digital library will help promote reading culture in the country. Upskilling the youth in new age courses like robotics, AI and drones under PM Kaushal Vikaas Yoajna 4.0 and industry partnership will ensure greater employability."

"The budget sets a hopeful tone for India's GDP and economic growth with special emphasis on vocational, secondary and specialized higher education, as India's GDP is projected to grow at a rate of 6-6.8% in the 2023-24 fiscal year. The FM's allocations is a practical approach in the 2023 budget which aims to boost the country's economy with focus on Make in India, women and youth empowerment," Akshay Marwah, Mohit Marwah, Co-Founders, AAFT Online added.

Akshay Marwah, Mohit Marwah, Co-Founders, AAFT Online said:"The honourable Finance Minister's move to launch a unified Skill India digital platform to empower the youth and focus on job training through the formulation of the National Education Policy in the Budget 2023 is highly commendable. The focus on youth and the future of India by macroeconomic stability and a visionary focus on technology advancement and setting up AI centers in top education centres is a great step forward."

In the Union Budget 2023, school education has been allocated Rs 68,804.85 crores for the next financial year of 2023-24, an increase of more than Rs 5,000 crores as compared to last year, finance minister Nirmala Sitharaman announced... Read More

Neha Bahl, executive director, IC3 institute said, "This year's budget adopts a very inclusive and progressive approach with a special emphasis on capacity-building, teacher training, and youth empowerment. The focus is also on creating greater access through digitization, ICT implementation, and skill development through new-age programs and fostering industry partnerships to inculcate future readiness among youth. I am particularly delighted with the impetus given to teacher training through pedagogical interventions and continuous professional development opportunities. Our teachers are indeed change-makers and nation-builders; therefore, empowering them can have a multiplier effect on generations of students."

School education budget has been increased by Rs 5,355.48 crore.

Higher education budget has been increased by Rs 3,266.27 crore.

Education budget 2023 priorities are Inclusive development, reaching the last mile, infrastructure and investment, unleashing potential, green growth, youth power and financial sector.

Also Read | Education Budget 2023 Highlights: 157 nursing colleges, R&D grants for IITs, 38,000 Ekalavya teachers

Pranay Aggarwal, Sociology faculty, IAS Gurukul said, "While the budget will give the much needed push to the education sector, it could have done so much more. Teachers’ training is something previous governments have ignored. This budget expresses the intent to bring about innovations in pedagogy and curriculum. There is also a belated but welcome emphasis on tribal education. The National digital library will help promote reading culture in the country. Upskilling the youth in new age courses like robotics, AI and drones under PM Kaushal Vikaas Yoajna 4.0 and industry partnership will ensure greater employability.One urgent reform the education system needs is to address the digital divide. The budget, unfortunately, doesn’t emphasize much on it. The budget speech has ignored another recurrent demand from the education sector, which is to remove or at least reduce GST on education services. I also wish that the government had allocated more funds for education. We are yet to touch the target of spending 6% of the GDP on education which the National Education Policy 2020 had envisaged."

"The move to setup AI centers in top education centres is a great step forward. This must be augmented by a brain trust to share the research with the entire eco-system. A thrust to develop AI tools that work across all our vernacular languages will be a priority. Integrating Generative AI as a part of the technology stack for enhancing higher education and skill development is important," said Jaideep Kewalramani - Head of Employability Business & COO, TeamLease Edtech.

According to Shantanu Rooj, CEO and Founder at teamlease Edtech, "Indian education system has always complained of non-availability of quality teachers. The current impetus on recruiting large number of teachers and creating a sustainable teachers training program equipping them with multilateral skills will go along way in improving the quality of education in Indian schools. The government must also create a performance management system where there is a hope of rising and a fear of falling for all teachers. This initiative, along with the PLI scheme, will help strengthen the Make in India initiative by creating a ready pool of trained resources. Recruiting teachers and providing them with relevant skills such that they can impart the right knowledge and skills will help in building employable youth in India."

Finance minister Nirmala Sitharaman concludes Budget 2023 speech.

100 labs for developing apps using 5G services will be set up in engineering institutions. To realise new range of opportunities, business models and employment potential, labs will cover among others, apps like Smart Classrooms, Precision Farming,Intelligent Transports Systems and Healthcare: FM Nirmala Sitharaman

Nirmala Sitharaman delivering Budget speech 2023

GIFT IFSC- Under SEZ Act, the government will prevent the duplication of regulation and laws, the finance minister said. This will have implications for the educational institutions.

Govt to provide R&D grant to one of the IITs to encourage indigenous production of lab-grown diamonds in a bid to reduce imports. 100 labs for developing applications for 5G services will be set up in engineering institutions: Nirmala Sitharaman

Nilaya Varma, CEO & Co-Founder, Primus Partners said: "The initiative in Health and Education especially additional nursing schools and improving quality of teaching through teachers training will have long term benefit. However, it is unlikely to immediately impact in improving quality of care as well as care facilities in rural / semi urban areas."

Stipend support to 47 lakh youth in three years. A national apprenticeship scheme will be rolled out: Finance Minister

New-age courses for industry 4.0 like coding, AI, IOT, mechatronics, drones and other soft skills will be launched. 30 Skill India International Centres will be set up across states, the finance minister said.

In line with National Education Policy, focus on skilling, economic policies that create jobs will be given priority. PM Kaushal Vikas Yojana 4.0 will be launched to skill lakhs of youth in the next 3 years: Nirmala Sitharaman

Nirmala Sitharaman said 157 new nursing colleges will be established in core locations. Funds for nursing in the 2022-23 budget.

• Development of nursing services: Rs 20.43 crore
• Indian Nursing Council: Rs 0.19 crore
• Regional Institute of Paramedical and Nursing
• Sciences, Aizawl: Rs 132 crore

Jaideep Kewalramani, head of Employability Business and COO, TeamLease Edtech said: "The move to setup AI centers in top education centres is a great step forward. This must be augmented by a brain trust to share the research with the entire eco-system. A thrust to develop AI tools that work across all our vernacular languages will be a priority. Integrating Generative AI as a part of the technology stack for enhancing higher education and skill development is important."

District Institutes of Education and Training (DIETs) will be developed as "vibrant institutes of excellence". Teacher Training will be renvisioned through innovative pedagogy, continuous professional development, and ICT: FM Nirmala Sitharaman

Central Universities: Rs 9,420 crore

IIT: Rs 8,495 crore

IIM: Rs 653.92 crore

NIT: 4,364 crore

IISER: Rs 1,379.53 crore

IIIT: Rs 542.52 crore

One of the Indian Institutes of Technology (IITs) to get lab for research on lab grown diamond, the finance minister said.

500 labs for 5G will be set up in engineering institutes: Nirmala Sitharaman

Nirmala Sitharaman pursued Bachelor of Arts degree in economics at the Seethalakshmi Ramaswami College, Tiruchirapalli in 1980 and Master of Arts degree in economics and MPhil from JNU. The Jawaharlal Nehru University conferred her the Distinguished Alumni Award in 2019.

Integrated online training programme for civil servants and government employees to upgrade skills: FM Nirmala Sitharaman

Facilities in select ICMR labs will be made available for research by public and private medical faculties: FM Nirmala Sitharaman.

National Book Trust and Children's Book Trust will provide books in local languages and English to the physical libraries.

Union finance minister Nirmala Sitharaman says national digital libraries for children and adolescents will be set up and physical libraries at panchayat and ward levels will also be established.

157 new nursing colleges will be established in core locations; Nirmala Sitharaman.

Dedicated multidisciplinary courses for medical devices will be supported in existing institutions to ensure availability of skilled manpower for futuristic medical technologies and research

Indian Institute of Millet Research, Hyderabad will be supported as Centre of Excellence for sharing best practices and research technologies at the international level: Nirmala Sitharaman

Economic agenda for our vision focuses on

• facilitating opportunities for citizens,
• providing strong impetus to growth and job creation; and
• strengthening macroeconomic stability

Nirmala Sitharaman calls Budget 2023 as blue print for India@100. The seven priorities of the Union Budget 2023 is

• Inclusive development
• Reaching last mile
• Infrastructure and investment
• Unleashing potential
• Green growth
• Youth power
• Financial sector

G20 Presidency gives us a unique opportunity to strengthen our role in the world economic order, we are steering an ambitious people-centric agenda to address global challenges and facilitate sustainable economic development: Nirmala Sitharaman

Nirmala Sitharaman says, "The world has recognized India as a bright star, our growth for current year is estimated at 7.0%, this is the highest among all major economies, in spite of massive global slowdown caused by pandemic and the war."

In Budget 2022, the Academic Bank of Credits (ABC) was allocated Rs 10.90 crore for this year.

The Budget allocation for higher education in the past few years.

School education budget: Outlays for major institutions, schemes

Kendriya Vidyalayas: Rs. 7,650 crore

Jawahar Navodaya Vidyalayas: Rs 4,115 crore

SSA: Rs 37,383.36 crore

PM POSHAN (mid-day meal scheme): Rs 10,233.75 crore

Education Budget 2023 - Tribal Affairs Ministry

Budget 2023 envisions a prosperous and inclusive India in which the fruits of development will reach all sections especially women, youth, OBC, SC, STs.

Finance minister Nirmala Sitharaman begins union budget speech. Stay tuned for updates on education budget here.

Cabinet approves India Budget 2023. Finance minister Nirmala Sitharaman to present the Education Budget 2023 speech shortly.

Union Finance Minister @nsitharaman arrives in Parliament to present #UnionBudget 2023-24

Stay tuned for the highlights and watch the #AmritKaalBudget Speech here⬇️ https://t.co/98WziRP2dK #UnionBudget2023 pic.twitter.com/CDCVtuTtG4

— PIB India (@PIB_India) February 1, 2023

Budget 2023-24 is widely expected to boost spending towards policies that create jobs, leave more money in hands of the common man and boost manufacturing, while increasing tax revenues, the PTI reported.

"The Union Budget 2023 is expected to give an outline on the nominal GDP growth numbers. Real GDP growth in current fiscal is projected at 7 per cent and come down to 6-6.5 per cent in the next. Spotlight would also be on spending on key schemes, like NREGA, as well as key sectors like health and education," the PTI reported.

School education budget allocation of past three years.

2020-21: Rs 59,845.00 crore

2021-22: Rs 54,873.66 5 crore

2022-23: Rs 63,449.37 crore

Education Budget 2023

Budget copies are brought to the Parliament now, as per reports. FM Nirmala Sitharaman will be presenting Education Budget 2023 live shortly.

The Centre has released Rs 1,186.15 lakh grants to Central Institute of Classical Tamil (CICT), Chennai which works for the development and promotion of Classical Tamil in the year 2021-22. However, the grants for Central Sanskrit University stood at Rs 19,883.16 lakh. The funds for the promotion of Sanskrit is 16 times more compared to grants released for promoting Tamil, as per the the ministry of education reply in the Lok Sabha. READ | Centre spent 16 times the funds promoting Sanskrit in 2021-22 than Tamil

Last five years education budget including higher education and school education.

2018-19: Rs 85,010.29 crore

2019-20: Rs 93,847.64 crore revised up to Rs. 94,853.64 crore

2020-21: Rs 99,311.52 crore

2021-22: Rs. 93,224.31 crore

2022-23: Rs. 1,04,277.72 crore

Banaras Hindu University funds doubled from Rs 669.51 crore in 2014-15 to Rs 1,303.01 crore in 2021-22. The university saw nearly Rs 165 crore rise in the previous year compared to Rs 1137.16 crore in 2020-21.

The fund allocation for Aligarh Muslim University (AMU) and Jamia Millia Islamia (JMI) saw a significant cut in the financial year 2021 compared to the previous year. On the other hand, funds for Banaras Hindu University (BHU) has been doubled, the ministry of education told the Lok Sabha in July 2022. The funds for JMI saw a significant dip of Rs 68.73 crore when compared to 2020 and 2021 Union Budget allocations.

Jamia Millia Islamia

Watch Budget Speech 2023 live here.

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Union Home Minister Amit Shah, Defence Minister Rajnath Singh and other ministers have started arriving at the Parliament.

Finance Minister will be presenting the Education Budget 2023 at 11 AM. A Union Cabinet meeting will be held at 10 am.

The central government has been able to sanction only 396 out of 452 Eklavya Model Residential Schools (EMRSs) it proposed to set up in 2018 under the new EMRS scheme, noted a parliamentary committee. Of the 396 sanctioned EMRS, construction work has commenced on 180 locations. This means that the construction work is underway at 39% while approval has been issued for 60% of the proposed 452 schools in four years.

READ | Construction underway for only 39% of proposed 452 Eklavya schools for tribal students

The Eklavya Model Residential Schools (EMRS) have had their budget increase by a significant Rs 581.96 crore, from Rs 1418.04 crore in 201-22 to Rs 2,000 crores for the 2022-23 financial year. The scheme supports residential schools run for tribal students.

The outlay for several scholarship and fellowships schemes for OBCs and SC faced cuts last year. The pre-matric scholarships for Scheduled Castes received Rs 500 crore for financial year 2022-23, down from Rs 725 crore in 2021-22. In December last year,  the government announced to limit the pre-matric scholarship to Classes 9 and 10 in government schools only under the OBC category.

'New India Literacy Programme' (NILP) was approved by the central government last year with financial outlay of Rs 1,037.90 crore. The scheme has five components- foundational literacy and numeracy, critical life skills, vocational skills development, basic education and continuing education.

In July 2022, the central government announced that the Kishore Vaigyanik Protsahan Yojana (KVPY) Aptitude Test was being scrapped from 2022 and the fellowship for which the KVPY exam was held was being subsumed within another fellowship programme, the Innovation in Science Pursuit for Inspired Research (INSPIRE).

Read | KVPY Scrapped: ‘We found some of our brightest students through it,’ says IISc professor

Neerja Birla, founder and chairperson, MPower, an initiative of Aditya Birla Education Trust expects allocation for mental health in union budget 2023. “To ensure the momentum of progress in the space we hope for a significant increase in and a balanced budgetary allocation for mental health. Funding should be increased to make outpatient mental health care services available at all Primary Health Centres and bolster community-based services to close the existing treatment gap of up to 83%,” she said. READ MORE

Union Finance Minister Nirmala Sitharaman, MoS Bhagwat Kishanrao Karad, and senior officials of the ministry of finance meet President Droupadi Murmu at Rashtrapati Bhavan before presenting the Union Budget 2023-24.

Finance Minister Nirmala Sitharaman meets President Droupadi Murmu (Image: ANI)

Last year, the total education budget allocation for the two departments of the education ministry -school and higher education - was Rs 1,04,277.72 crore.

Department of Higher Education 2022-23: Rs 40,828.35

Department of School Education and Literacy 2022-23: Rs 63,449.37 crore

The National Education Policy (NEP 2020) recommends 6 percent of the Gross Domestic Product (GDP) to education. However, the education budget has only touched nearly 3 percent as of 2022-23.

The Union Budget 2023 will be broadcast live at indiabudget.gov.in. You can also watch the Education Budget 2023 live at.

Indiabudget.gov.in

budgetlive.nic.in

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Full form of HECI is Higher Education Commission of India. In the 2019 Budget speech, finance minister Nirmala Sitharaman had announced the plan to establish HECI and later said that it will be implemented in Budget 2021. However, it was not implemented. Since then, the Bill has been placed in the public domain for comments and reworked to align it with the NEP 2020.

READ | Explainer: How will the proposed HECI change higher education?

Delhi University has submitted a revised proposal for a loan of Rs 940 crore from Higher Education Finance Agency to the education ministry. DU had earlier submitted a proposal for a Rs 1,075 crore HEFA loan. In its letter to the education ministry, sent in mid-November, DU said that during 2017-18, the university was only allotted Rs 10.65 crore for building infrastructure which was “not taken up” as it was a “very little amount in which no building could be constructed”.

READ | ‘Very limited allocation’ from centre, Delhi University seeks Rs 940 crore HEFA loan

Delhi University

Last year end, the Centre announced to discontinue the Maulana Azad National Fellowship (MANF) scheme and limit the pre-matric scholarship scheme meant for backward and minority communities to students of Classes 9 and 10. The decision led to instant uproar from the students, researchers and academics.

IC3 Institute, executive director, Neha Bahl said: "Budgetary allocation for adult education and teacher training was Rs 127 crores in 2022–2023 as against Rs 250 crores in 2021–2022. To effectively execute the objectives of NEP 2020, we anticipate that teacher training will receive a higher budget this year. In addition, a special fund may be established to enhance human resource capacity and efficiencies in the education sector. This would include bringing technological advancements and raising the standards of teaching and delivery in both public and private institutions in India."

Poshak Agrawal, Co-founder, Athena Education said, "The government should allocate at least 6% of the GDP to education. The spendings should be made on quality education, improved pedagogy, and experiential curriculum.”

Finance Minister Nirmala Sitharaman reaches Rashtrapati Bhavan to call on President Droupadi Murmu.

The Centre needs to invest at least 50% of its annual education budget in skilling engineers to handle cyber threats, given the massive digitalisation taking place across the country, an expert suggested. “First thing is that India needs to have a lot of cybersecurity awareness programmes across the country, covering all - big and small enterprises, government departments and citizens,” said Nilesh Jain, Vice President for South East Asia and India at the Japanese-origin Trend Micro.

Only Rs 249.14 crore has been released under Rashtriya Uchhatar Abhiyan (RUSA), for the year 2021-22, Subhas Sarkar, minister of state, ministry of education, told Lok Sabha in response to a question in December 2022. This amounts to just 8.3% of the budget estimate for the scheme in 2021-22 and 31% of the revised budget. READ | Education ministry spent only 8.3% of budget estimate for RUSA in 2021-22

The National Informatics Centre is responsible for the Union Budget live streaming. Watch the education budget 2023 live at indiabudget.gov.in.

Nirmala Sitharaman will read out Budget 2023 at 11 am in Parliament. The finance minister will make her speech following which the detailed budget documents will be uploaded on the official Union Budget website, indiabudget.gov.in.

Finance Minister Nirmala Sitharaman with MoS Finance Dr Bhagwat Karad and team on Budget eve.

Union Budget 2023

Union Finance Minister Nirmala Sitharaman arrives at the Ministry of Finance. She will be presenting the Budget 2023 in Parliament shortly.

Budget 2023 will be presented before the Parliament by Nirmala Sitharaman at 11 am today. Before that, under her leadership, Pankaj Chaudhary and Secretary will meet the President at 9 am. At 10 am, under PM Modi's leadership, a cabinet meeting will be held, MoS Finance Dr Bhagwat Karad said.

MoS Finance Bhagwat Kishanrao Karad offers prayers ahead of the presentation of Union Budget 2023 by the government.

#WATCH | MoS Finance Dr Bhagwat Kishanrao Karad offers prayers ahead of the presentation of #UnionBudget2023 by the government pic.twitter.com/CDs5LYaf4o

— ANI (@ANI) February 1, 2023

Last year, school education was allocated Rs 63,449.37 crore, an increase of nearly Rs 9,000 crore compared to 2021-22.The budget estimates for the major schemes in the past few years are given below.

Union Budget 2023 will meet the expectations of every section of society. Modi govt has always worked in the favour of the people of the country, ANI quoted MoS Finance Pankaj Chaudhary.

Recently, the ministry of education has constituted a Joint Review Mission to review the implementation of PM POSHAN in West Bengal in the month of January 2023. READ | Centre to review PM POSHAN scheme implementation in West Bengal

Finance Minister Nirmala Sitharaman tabled Economic Survey 2022-23 in Lok Sabha yesterday.

#MIBDailyWrap | January 31, 2023

?President #DroupadiMurmu addressed the joint sitting of both Houses of the Parliament, today

?Finance Minister @nsitharaman tabled #EconomicSurvey 2022-23 in Lok Sabha @rashtrapatibhvn @FinMinIndia @ianuragthakur @Murugan_MoS @PIB_India pic.twitter.com/duyX5OMWW5

— Ministry of Information and Broadcasting (@MIB_India) January 31, 2023

Finance minister Nirmala Sitharaman will read out the Union Budget 2023 at the Parliament through a tab. The minister read the Budget speech through tab for the first time in 2021 to avoid the spread of COVID-19 pandemic. She had in July 2019 ditched the colonial legacy of a Budget Briefcase for the traditional Bahi-Khata to carry Union Budget Papers.

Finance minister Nirmala Sitharaman with Budget tab last year

The allocation to PM POSHAN dropped from Rs 11,500 crore in 2021-22 to Rs 10,233 crore in 2022-23.

Where to watch Budget 2023 live? Those who want to watch Union Budget 2023 can click on the PIB link given below to watch live online.

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The union government released just half the budget allocated to Samagra Shiksha Abhiyan (SSA) by December 2022. By November 30, 2022, the union government had released Rs 19,065.33 crore of the Rs Rs 37,383 crore it had allocated to SSA – just 51%.

READ | Education Budget 2023: Just 51% SSA funds released till December 2022

The mid-day meal scheme was renamed to the Pradhan Mantri Poshan Shakti Nirman (PM POSHAN). It is one of the world’s largest school meal programmes, covering 11.8 crore children in elementary school from Classes 1 to 8 in government schools.

PM POSHAN scheme

By November 30, the union government had released just 52% of the total funds earmarked for PM POSHAN in FY 2022-23, an analysis by the Delhi-based think-tank, Centre for Policy Research’s Accountability Initiative shows. The government had released just Rs 5,363.28 crore of the Rs 10,314 crore allocated to the Pradhan Mantri Poshan Shakti Nirman Scheme.

READ | Union Budget 2023: 52% PM POSHAN funds released by December; allocations ‘stagnant’

The National Scheme for Incentive to Girls, a scholarship incentive scheme for girl children from Schedule Tribes and rural areas, was not allocated any funds last year. The scheme had faced a cut of more than Rs 100 crore in Budget 2021.

Chocko Valliappa, Vice Chairman, Sona group of Education Institutions’ said that the education sector expects the finance minister to present a roadmap for doubling allocation for education over the next three years by cutting down/re-aligning a host of grants, subsidies and other financial SOPs.

“The skilling ecosystem needs a massive revamp. The fund allocation should be routed through the employer as is being done in the National Apprenticeship Training Scheme by BOAT thereby ensuring that there is job creation and not just skilling on paper,” Chocko Valliappa added.

Requesting the government to recognise and encourage upskilling, Madhushree Sekher, Dean, School of Vocational Education, Tata Institute of Social Sciences (TISS), Mumbai said: “Vocational Education is an important area, which requires decisive effort from the government. The whole concept of vocational education will be relevant only when secondary-level education in the vocational space is linked to higher education."

Education Budget 2023 expectation

Union Budget 2023 will be presented by the finance minister Nirmala Sitharaman today, February 1 at 11 AM.

Previous year, Nirmala Sitharaman also announced to take the following initiatives in the education sector.

2 lakh anganwadis will be upgraded in the country.

A digital university will be developed to provide access to students for world-class quality education with ISTE Standards.

For mental health counselling, a National Tele Mental Health Program

'One Class One TV Channel' - The finance minister in 2022 said 'One Class One TV Channel' will be increased from 12 to 200 TV Channels to provide supplementary education in regional languages for Class 1-12.

The Budget session 2023 began yesterday and the first part will conclude on February 13. The Parliament will reconvene on March 12 for the second part of the Budget Session that will conclude on April 6.

The Budget 2023-24 date is February 1 and time of budget speech 2023 is 11 AM.

Last year, the total education budget allocation for the two departments of the education ministry -school and higher education - was Rs 1,04,277.72 crore, a 11.85% increase. However, the ministry of education isn’t the only ministry to fund the sector.

• Department of Higher Education 2022-23: Rs 40,828.35
• Department of School Education and Literacy 2022-23: Rs 63,449.37 crore

Budget 2022

Prime Minister Narendra Modi said the Budget 2023 to be presented by Finance Minister Nirmala Sitharaman today will strive to fulfill people's hopes, aspirations and also boost the hopes with which the world is looking at India. "The ray of hope being seen by the world will glow brighter -- for this, I firmly believe the finance minister will make all efforts to meet these aspirations," PM Modi said.

Prime Minister Narendra Modi said his government has always worked with a singular aim of putting 'India First and Citizens First' and the same spirit will be seen during the Budget Session 2023.

Speaking at the start of Budget Session of Parliament. https://t.co/3F7I8SKd8O

— Narendra Modi (@narendramodi) January 31, 2023

Union Finance Minister Nirmala Sitharaman to present the India Budget 2023-24 in Parliament today at 11 AM.

LIVE at 11 am on 1st February (Tomorrow)

Union Finance Minister @nsitharaman to present the Union Budget 2023-24 in Parliament

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Finance Minister Nirmala Sitharaman will present the last full-fledged Union Budget of the Modi government before the 2024 Lok Sabha elections today on February 1. The Budget session of Parliament begins on Tuesday with the maiden address of President Droupadi Murmu to the joint sitting of both Houses.