Post Budget Byte 2022: Jai Decosta, Founder & CEO at K12 Techno Services Pvt. Ltd.

Budget 2022

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February 2, 2022

The current Govt has been more inclined towards digitisation in every aspect including education which is futuristic and it is appreciable.

The FM and the Central Govt have given more emphasis on digital education. The acknowledgment of the loss of formal education of the students especially from the Government schools due to the pandemic induced lockdown and infusion of the expertise of foreign universities to strengthen the fintech and mathematics education in the Indian education system is a good proposition. Also, establishing the digital university at par with the global learning standards in various Indian languages will blur the disparity between urban and rural education.

In my opinion, aggressive initiatives to promote and collaborate with private players might help the Govt to reduce further education loss for the students from economically challenged backgrounds.

However, the overall budget failed to provide direction to private education players especially in the K12 segment. The private sector bore the brunt of the pandemic and the budget overlooked it completely and does not give any relief in terms of GST exemption or special provision for Private schools to borrow funds from banks at concessional rates. Since this was highly required and expected from this budget, therefore it was a bit disappointing to notice the FM did not factor these in her Budget planning.*

Post Budget Byte 2022: Ashish P. Dhakan, MD & CEO, Prama Hikvision India Pvt. Ltd.

Budget 2022

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digitalLEARNING Network

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February 2, 2022

India’s progressive Union Budget seeks to complement macro-economic level growth with a focus on micro-economic level all inclusive welfare. It has a pro-technology focus with futuristic vision. A special thrust on promotion of Digital India and adoption of emerging technologies, including 5G, AI, ML and Drones. The key highlights of union budget underlines the economic growth estimated at 9.2% to be the highest among all large economies. It promises 60 lakh new jobs to be created under the productivity linked incentive scheme in 14 sectors. It also highlights the Production Linked Incentive (PLI) Schemes, which has the potential to create an additional production of Rs 30 lakh crore. This budget has a roadmap for achieving the objective of ‘Make-in-India’ and ‘Atmanirbhar Bharat’. The customs duty rationalisation to incentivise domestic manufacturing is a welcome step.

The budget has the PM Gatishakti Scheme with ambitious plans to transform the transportation sector. The seven engines that are going to drive PM GatiShakti are Roads, Railways, Airports, Ports, Mass Transport, Waterways and Logistics Infrastructure. The big boost to infrastructure will help the security industry growth in the long term.

There is a greater focus on MSME sector in the budget and as a key stakeholder of the MSME Ecosystem, we feel this a very positive step for the security industry. The government has announced that Udyam, e-shram, NCS and ASEEM portals will be interlinked. The help is provided to 130 lakh MSMEs as additional credit under Emergency Credit Linked Guarantee Scheme (ECLGS). The extension of this scheme till March 2023 is a thoughtful decision. The firm focus on Skill Development is another positive aspect of the union budget. Digital Ecosystem for Skilling and Livelihood (DESH-Stack e-portal) will be launched to empower citizens to skill, reskill or upskill through on-line training. Overall a pro-growth budget with a vision for the new emerging India on global front.

Post Budget Byte 2022: Dr. Dishan Kamdar, Vice-Chancellor, FLAME University

Budget 2022

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digitalLEARNING Network

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February 2, 2022

“The decision to establish the digital university is a disruptive and futuristic decision that will benefit a large number of students even from the remotest part of the country by making world-class education accessible. This will surely give wings to the dreams of deserving students and meet the goal of providing high-quality education to all students across the country.

The plan to increase the ‘One Class One TV Channel’ from 12 to 200 TV Channels in all States in India will enable students to learn through radio and DTH channels thereby overcoming the problem of internet connectivity. The two decisions truly reflect the Government’s aims to leverage technology advancements and use them as tools to meet the educational aspirations of a large number of students in the country. They have set an example that is worthy of being emulated by others.”

Post Budget Byte 2022: Kiran Dham, CEO, Globus Infocom Ltd.

Budget 2022

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digitalLEARNING Network

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February 2, 2022

“The government’s budget 2022 announcement included steps to push online education via having digital universities with 200 channels and providing education in multiple regional languages which will facilitate supplementary learning and help the education ecosystem to deliver world-class education to learners.

We are motivated to see Government’s focus on creating enriching e-content & content delivery platforms clubbed with better offline pedagogical methods by training teachers in order to create a holistic learning ecosystem.

Also read: Post Budget Byte 2022: Dr. Pankaj Sharma, Director, Admission & Placements, JK Lakshmipat University

Also, the expansion of “One Class One TV Channel” will help in tackling the continued learning even in a pandemic. We, being a part of this industry, do look forward to the positive impact this will make.”

Post Budget Byte 2022: Dr. Pankaj Sharma, Director, Admission & Placements, JK Lakshmipat University

Budget 2022

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digitalLEARNING Network

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February 2, 2022

It’s quite commendable that our finance minister has given special impetus to the pandemic-affected education sector in the much-awaited presentation of the union budget 2022. Continued closures of schools and colleges for almost two years have had a large impact on the learning outcomes. However, the budget has been quite beneficial for the youth of our nation.

It has once again highlighted the need of skilling programs and for the same a new portal DESH e-portal will be launched for skilling, upskilling and reskilling of our youth. In order to provide quality and continuous education to the youth, the announcement of the digital university has given fresh hopes to the students to get world class quality universal education that will also give them the benefit of personalised learning.

The announcement of setting up virtual labs in science and mathematics will enhance the experiential learning in students, thereby making them more industry-ready. For the same, the budget stressed on the need of quality e content and teachers to be trained so that better e teaching and learning outcomes can be achieved

Post Budget Byte 2022: Ujjwal Singh, CEO and President, Infinity Learn

Budget 2022

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digitalLEARNING Network

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February 2, 2022

The Budget 2022-23 has an inclusive approach. We are pleased that the Government has recognized the importance of digital learning provided by the EdTech companies in India. The extension of the PM eVIDYA initiative 12 to 200 TV channels will give the segment the requisite boost.

Further, the availability of regional language educational modules from Class 1 to 12 will enhance the literacy rates in India’s hinterlands, over and above the metro cities. This will serve as the driver of socio-economic change, enabled through technology. Education specifically has taken a new direction that has made technology-based learning, whether online or blended, indispensable for our education systems.

Digital learning holds the potential to empower the country’s grassroots level population through democratised access to education, thereby facilitating continued learning sans infrastructural challenges, pan-India.

Post Budget Byte 2022: Sriram Subramanian, Co-founder and CEO, Clever Harvey

Budget 2022

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digitalLEARNING Network

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February 2, 2022

We welcome the government’s move to cap the long-term capital gains surcharge at 15%. It will go a long way towards ensuring investor confidence not just in startups but in equity generally. Also, we appreciate the special focus on creative vocational fields like animation, graphics, and game design in this year’s budget. India has one of the largest talent pools for this, and this initiative will be instrumental in helping us move further up the value chain.

Given the battering and levels of disruption faced by the education system over the last three years, the emphasis given to mental health was another major highlight. It was, in my opinion, more important than ever, especially for students, and the budget does go a long way toward putting in place a mechanism to address it.

Furthermore, one area where the budget fell short of our expectations is the ongoing disparity in GST rates applied to physical and digital learning materials. I suppose the goal of the lower rate policy on physical learning materials was to promote education, and given that the majority of education consumption has shifted to the digital domain in recent years, we expect some sort of parity in the GST treatment between the two.

Post Budget Byte 2022: RCM Reddy, MD & CEO, Schoolnet India Ltd

Budget 2022

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digitalLEARNING Network

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February 2, 2022

The government’s enhanced focus on education in this year’s Union Budget signals a welcome shift in policy priorities, backed by a substantial increase of almost 12% in allocations from last year. This is an acknowledgement of the large-scale impact of the pandemic on schools.

A focus on digital learning, as well as the provision of enhanced learning aids through the PM e-Vidya scheme, will give a new impetus to strengthening the school education system. Schoolnet believes that this can be translated into positive impact on the ground by following an ecosystem approach which includes creating adequate digital infrastructure in schools, improved teacher training, and making available world-class pedagogical aids for those in the middle and bottom of the pyramid to enhance learning outcomes.

Affordable Private Schools, which cater to nearly half the school going population, also need to be included in the scope of activities to achieve meaningful outcomes. I welcome the announcements for the education sector, which are aligned with Schoolnet’s vision of providing all students, particularly in the middle and bottom of the pyramid, with equal access to world class education.

Post Budget Byte 2022: Swapnil Dharmadhikari, Director & Founder, Splashgain Technology Solutions Pvt. Ltd.

Budget 2022

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digitalLEARNING Network

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February 2, 2022

”Due to the unprecedented contractions put forth by the Covid-19 crisis, the schools were closed, and the children, particularly in the rural areas, scheduled tribes and other weaker sections have lost two years of education. FM Shrimati Nirmala Sitharaman mentioned the launch of the Digital DESH e-portal for the skilling, upskilling & reskilling of our youth. This will strengthen access to quality education for the underserved and economically weaker sections of our society.

FM Shrimati Nirmala Sitharaman also mentioned a digital university being developed to provide students with world-class quality education with ISTE Standards. This will help students to learn by being in comfort, from anywhere. This is an encouraging first step towards the future of this country, with initiatives towards the digitalization of Indian educational institutions. Expanding the PM eVidya scheme from 12 to 200 channels will bring in a regional inclusion for students across the country, and the move is applaud-worthy.

We at Splashgain are genuinely excited to continue transforming our reputed educational institutions to become new-age digital education hubs that are in step with global trends and are enabling a future-ready learning environment.”

Post Budget Byte 2022: Md Sajid Khan, Head of International Development, ACCA

Budget 2022

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digitalLEARNING Network

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February 2, 2022

“ACCA applauds the government for measures announced in the budget related to providing supplementary education in regional languages for class 1-12 students, by expanding PM eVIDYA program to over 200 TV Channels and the launch of the Digital DESH e-portal for skilling, upskilling & reskilling the youth of India. These together with the development of the digital university for world-class quality education will set a clear path for India to create an advanced digital learning infrastructure and also reach far in educating learners who lack access to the internet and other resources.”

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