UNION BUDGET 2022-23

SREYASHI ROY -46

SUBHADIP BANIK -47
SUBHODEEP MUKHERJEE -48
SUVOJIT DASGUPTA -49
TAPAS DAS -50
MBA (1ST YEAR) 2021-23
 INTRODUCTION
The Union Budget of India, also
referred to as the Annual Financial
Statement in Article 112 of the
Constitution of India. So in 2022-23
Budget it was stated by our Union
Minister for Finance and Corporate
Affairs Smt Nirmala Sitharaman that
India’s economic growth in the
current year is estimated to be 9.2 per
cent, highest among all large
economies.
 AMRIT KAAL
• As India commemorates the 75th year of GOALS OF AMRIT KAAL
Independence with 'Azaadi ka Amrit • Focusing on growth and all
Mahotsav', Finance Minister Nirmala inclusive welfare.
Sitharaman dedicated the Union Budget • Promoting technology enabled
2022 to the next 25 years — termed Amrit development, energy transition,
and climate action.
Kaal by Prime Minister Narendra
Modi. India’s ‘Amrit Kaal’ will be a • Relying on virtuous cycle starting
from private investment crowded
period of 25 years when the country works
in by public capital investment.
towards becoming "Aatmanirbhar
 EDUCATION

 Digital university with universal education.

 High quality E-content through digital teachers.
 “One Class- One TV’ channel programme
expanded from 12- 200 TV channels.
 Startups to facilitate drone shakti for Drone-As-
A-service (DrAAS).
 750 virtual labs in Science And Mathematics.
 75 skilling E-Labs for simulated learning
environment.
ONE CLASS ONE TV CHANNEL

• Expansion of  PM e-Vidya programme from 12 to 200 TV channels.

• There will be 200 DTH channels dedicated to classes 1 to 12.
• Enabling all states to provide supplementary education in regional
languages.
• Boosting of online education during lockdown.
• Imparting supplementary teaching and to build a resilient mechanism
for education delivery.
•
 Hits and misses for primary education
Every year the union budget is one of the most awaited documents for all sectors and industries. The
social sector, in particular, waits for it with bated breath to see the allocations towards various socio-
economic development initiatives. According to the NATIONAL EDUCATION POLICY(NEP)2020, “the
highest priority of the education system will be to achieve universal foundational literacy and
numeracy (FLN) in primary school by 2025.” And so it is important to examine the hits and misses of
the recent budget with regard to this critical goal.

1. Hit: An increase in the overall budget allocation

2. Hit: Multi-channel supplementary education to remediate learning losses
1. Miss: No mention of Balvatikas
2. Miss: No investment in human resources
 While an increase in the overall education budget is commendable, the
government needs to allocate more financial and human resources to early
education.