The highly anticipated Union Budget of 2024-25 has focused heavily on the education sector, with a whopping amount of Rs 1.48 lakh crore being allocated towards this vital area. From increased support for education loans to initiatives for transgender employees, the budget has been lauded for its efforts to promote education and bridge the gap for overseas study. Experts highlight the benefits of these measures for the workforce and job creation in India, while also noting the growth potential of the newly approved IIM near Guwahati and Manipal Group's stake acquisition in Aakash Educational Services.
Record Budget Allocation for Education in Union Budget 2024-25
The highly anticipated Union Budget of 2024-25 has prioritized the education sector, allocating an unprecedented Rs 1.48 lakh crore. This significant investment marks a commitment to enhancing educational opportunities and fostering a skilled workforce in India.
Overview of Budgetary Allocations
Benefits for the Workforce and Job Creation
Investments in education have long-term benefits for the workforce and job creation. By providing access to quality education, the government aims to:
Top 5 FAQs on Union Budget 2024-25 for Education
Q: How much has been allocated for education loans in the budget? A: The budget provides increased support for education loans, but the exact amount has not been specified.
Q: What specific initiatives have been introduced for transgender employees? A: The budget does not provide specific details on initiatives for transgender employees in the education sector.
Q: When will the IIM near Guwahati be established? A: The timeline for the establishment of the new IIM near Guwahati has not been announced.
Q: What are the goals of Manipal Group's stake acquisition in Aakash Educational Services? A: The acquisition aims to enhance the education ecosystem and provide students with access to innovative learning platforms.
Q: How does the 2024-25 education budget compare to previous years? A: The Rs 1.48 lakh crore allocation for education in the 2024-25 budget is significantly higher than previous years, demonstrating the government's increased prioritization of this sector.
The Indian Institution of Management (IIM) Calcutta has released the provisional answer key of the IIM CAT 2024 exam on its official website. Candidates can now use their user ID and password to access the answer key and their response sheets to roughly calculate their scores. The answer key is available for download in PDF format.
IndiGo, one of India's leading airlines, has announced a Black Friday sale that offers discounted fares and services across its domestic and international network. The sale, available for booking from November 29 to December 2, offers one-way fares starting from INR 1,199 for domestic flights and INR 5,199 for international destinations. IndiGo is also providing flexible options for passengers to choose their seats and offering discounts on excess baggage and FastForward services. This sale showcases IndiGo's commitment to providing exceptional travel services at an unbeatable value to its customers.
In line with the rapid growth of the Indian economy, Groww Mutual Fund has launched an open-ended equity scheme called 'Groww Multicap Fund' with a minimum investment amount of Rs. 100. The fund, managed by Anupam Tiwari, will follow a disciplined multicap framework with a focus on growth, quality, and valuation discipline. With a bottom-up approach for mid and small cap stocks and a top-down approach for large cap stocks, the fund aims to capitalize on the diverse opportunities in the Indian market. According to Varun Gupta, CEO of Groww Mutual Fund, this fund offers investors a structured way to participate in India's transformative journey.
Newgen Software, a provider of a unified digital transformation platform, has received a purchase order worth Rs 32.44 crore from the Reserve Bank of India. The order is for the implementation and maintenance of the Regulatory Application Management System (RAMS) and spans a period of seven years. The company's stock has been performing well in the market, with a 69.69% surge in one year and a 532.78% gain in two years. With a one-year beta of 1.1, Newgen Software also exhibits very low volatility. The company's core products of NewgenONE platform include Contextual Content Services, Low Code Process Automation, Omnichannel Customer Engagement, and Artificial Intelligence Cloud.
The Indian economy saw a slump in its GDP growth rate in the second quarter of the current fiscal year, coming in at only 5.4% compared to the projected 6.5%. This decrease was driven by slow growth in manufacturing and mining, along with weak government expenditure and private consumption. However, the Ministry of Statistics and Programme Implementation remains hopeful, stating that the overall growth in the first half of the fiscal year was 6.2%. The Reserve Bank of India has projected a growth rate of 7.2% for the full fiscal year.
The Enforcement Directorate (ED) has conducted a series of raids on businessman Raj Kundra and associates for their alleged involvement in a money laundering case connected to the distribution of pornographic material. The searches are being conducted across 15 locations in Mumbai and Uttar Pradesh. The investigation centers on the suspects' use of mobile applications and digital platforms for the dissemination of illicit content.
As Black Friday approaches, brands such as Xandres, Armedangels, Veja, Freitag, and JBC are offering alternative initiatives to counter the overconsumption and impulse buying associated with the shopping holiday. These initiatives include repair services, pausing before purchasing, swapping items, and drawing attention to water use in the fashion industry. By promoting sustainable consumption and encouraging people to cherish what they already have, these brands are taking a stand against the negative impact of Black Friday.
Get ready to save big this holiday season as Black Friday, the unofficial kickoff to the Christmas shopping season, is just around the corner. Originating in the United States during the late 1960s, this day has evolved into a global phenomenon, with retailers worldwide offering massive discounts and special deals. Despite its humble beginnings, Black Friday is now a shopping tradition celebrated by millions, with e-commerce platforms playing a crucial role in its popularity. Find out more about the history, significance, and global impact of this highly anticipated shopping extravaganza.
Indian Institute of Management, Calcutta has released the response sheet and answer keys for CAT 2024 exam. The exam was conducted on November 24 in 170 cities across India. Candidates can download their answer keys and response sheet from the official website and also submit objections against the answer key. The results are expected to be announced in January 2025 and candidates can check their scorecards on the CAT website.
China's Geological Bureau of Hunan Province has announced a groundbreaking discovery of a massive gold reserve in the Wangu gold field, with an estimated value of £66 billion. The deposit, believed to contain up to 1,100 metric tonnes of gold, has sparked a surge in gold prices and will have significant implications for both domestic and global markets. However, experts caution that the find will only partially address China's high gold consumption needs and will still require substantial imports. Stay updated on all the latest tech and gadget news on Gadgets 360, and don't forget to follow our in-house influencers, Who'sThat360, on Instagram and YouTube.