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Finance Ministers of India

Pranab Kumar Mukherjee
(1982-1985, Feb 2009-May 2009, May 2009-Continuing)

Pranab Kumar Mukherjee is a prominent leader of India National Congress. He has...
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IndiaInfoline arrow Budget arrow Industry Expectations

Tata Interactive Systems wish list for Union Budget 2011-12

India Infoline News Service / 01:12 PM , Feb 26, 2011

  • Budgetary spends increased from Rs.26,800 crore to Rs.31,036 crore in 2010-11


  • In addition, States got additional Rs.3,675 crore for elementary education 


  • “Saakshar Bharat” launched to improve female literacy rate which will target around 6 crore women


  • NSDC approved 3 projects worth about Rs. 45 crore to create 10 lakh skilled manpower


  • An extensive skill development programme in the textile and garment sector to be launched


  • NSDC has a mission of creating 50 crore skilled people by 2022

“Education is vital for any nation’s growth and development especially when we are competing on a global platform. In the last budget the Govt had earmarked around Rs.32,000 crore and an additional Rs.4,000 crore to individual States for elementary education. Although a very encouraging move, there is a need for a PPP model in the sector not just to execute the delivery but also employ modern technology infrastructure across schools enabling rapid proliferation of world-class education.


While expanding access to high quality education is important, it is also critical to develop skills of the existing workforce to match the global benchmarks. Every sector in India is challenged with severe crunch of skilled workforce. 


The initiatives announced by the NSDC in 2010 will, no doubt, help fill the gap by training about 10 lakh workers in the next 10 years. But the gap is still widening and by 2022 India will need around 50 crore skilled workers across sectors! Therefore it is imperative that we gradually marry skills training with education through innovative application of technology in learning.


In Union Budget 2011, we expect the government to announce initiatives that will address the education and learning gap in India with a vision to create jobs as well as encourage self employment”.

 

The Author is Sanjaya Sharma, CEO, Tata Interactive Systems.

Janta's Expectations

Posted By: Raju S A Dubai   |  Mar 18, 2012 02:00 PM
I do not know why we are still having the archaic system of tax rates, exemptions etc. We should just fix flat tax rates as per the income slabs. This will bring down the tax rates but might ensure better compliance.
Posted By: Manu M Surat   |  Mar 16, 2012 01:36 PM
obiously we are expecting to reach a limit of upto 5lacs Excemptions and further to go on 10%, 20% and 30%......
Posted By: M K BHAGAT BHOPAL   |  Mar 16, 2012 10:35 AM
Being a salaried person a expect to increase tax slab .The tax exemption should be 5 Lac and max tax rate shall be 20% above 10 Lacs.
Posted By: Partha Sarathi Paul Kanchrapara   |  Mar 16, 2012 08:36 AM
Being a salaried person, obviously want to get more exemption....in income tax...tax slab should be increased..as market prices is rising historically...
Posted By: Savitri Gadhwal   |  Mar 14, 2012 02:49 PM
Short Term Capital Gains should be hiked to 20 % from 15 %.
Posted By: Karthik Mumbai   |  Mar 14, 2012 01:28 PM
The government should take steps for acting upon the hindrances caused due to taxes such as VAT/Sales tax for online retailers.
Posted By: MEHUL KOTADIA MUMBAI   |  Mar 14, 2012 12:41 PM
REMOVE DIESEL SUBSIDY ON PASSENGER CARS & BRING BIG FARMARS UNDER INCOME TAX AMBIT
Posted By: Divya Goa   |  Mar 14, 2012 10:12 AM
Currently, Interest on self occupied property: Rs.1.5 Lakh It should be hiked to Rs. 3 lakh
Posted By: Kevin Bhavnagar   |  Mar 14, 2012 10:09 AM
Increasing reimbursement limit for medical expenses from Rs.15000 to Rs.30000.
Posted By: Nandish Nellore   |  Mar 14, 2012 10:07 AM
Allowing deduction for principal amount of Education Loan