Post Budget reactions for the Education sector
New Delhi, February 01, 2021: Commenting on the Union Budget 2021, Mr. Vijay Thadani, VC and MD, NIIT Ltd and Co-founder NIIT University said, "The Union budget 2021 carries a positive message for the Education sector. It gives an active effect to National Education Policy 2020 (NEP).
The formation of National Research Foundation (NRF), with an outlay of Rs. 50,000 crores in 5 years to boost quality and quantity of research in India, is a big push towards promoting innovation and research in the education sector. We are optimistic that research funding will be made available to Higher Educational institutions.
The Government's initiative to set up a HEC responsible for the accreditation and regular funding of the Colleges and Universities will go a long way, in creating better synergy between higher education institutions across the country. The education sector is hopeful that the research funding both from HEC and NRF will be made available as a level playing field between public and private higher educational institutions.
NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements. The company, which was set up in 1981 to help the nascent IT industry overcome its human resource challenges, today ranks among the world's leading training companies owing to its vast and comprehensive array of talent development programs. With a footprint in over 30 countries, NIIT offers training and development solutions to Individuals, Enterprises and Institutions. NIIT has two main lines of business across the globe – Corporate Learning Group and Skills & Careers Business.
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