Union Budget 2024 for Education sector Live: What industry & experts want in upcoming budget

Union Budget 2024 for Education sector Live: Corporates must be encouraged to allocate a minimum percentage of annual CSR spends towards research programs

Union Budget 2024 for Education sector Live: Vishal Khurma, the Chief Executive Officer (CEO) of Woxsen University Hyderabad said that the new budget should encourage corporates to allocate a minimum percentage of their annual CSR spends towards building research infrastructure, incubation facilities, and research funding at both public and private universities, with a maximum cap of INR 1 crore per university.

Khurma further said that the new budget can accelerate the Gross Enrolment Ratio by encouraging and allocating merit scholarships for underprivileged students, particularly female students, to enhance affordability and access to quality education.

“Implementing uniform taxation norms for home-grown institutions and foreign institutions establishing campuses in India can ensure a level playing field. A renewed focus on skill development programs run by universities, providing grants and subsidies to scale up these initiatives, particularly for high school dropouts and diploma students, is also crucial,” he pointed out.