The government has decided to spend around 20 per cent of the total 11th five
year plan budget on education. This will be more than double the money spent on
this sector during the 10th plan which was around 9 per cent. Delivering a key
note address at a National Conference on development of technical education in
India in the capital, Member Planning Commission Prof. B. L. Mungekar said that
the existing educational institutions must restructure themselves to absorb
this volume of funds. He said the national development council will approve the
11th plan on Wednesday. He said over 1200 new technical institutions will be
established to address the regional and funding imbalances in higher and
technical education. He said a recent international study pointed out that 70
per cent of engineering graduates in India are not employable and therefore the
authorities must make the education relevant to the changing times. Reading the
inaugural speech of the Union Minister for Human
Resource Development, Mr. Arjun Singh, Prof. Mungekar said that If India is to
become a super power the abundant human resources must be tapped properly. The
Minister also emphasised that access and equity should be accorded high
priority in expansion of education in the country.
In his address the Secretary, HRD Mr. R. K. Aggarwal said that for the end of
the 11th plan government will be spending 5 to 6 per cent of GDP on education.
http://www.newsonair.com/full_news.asp?type=bulletins&id=100
(Midday AIR News :1400 HRS : DECEMBER 17, 2007)
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