Markets

Market

News Details

(11/01/2010 00:00)

Industry Overview

(The information in this section is derived from various Government

publications and other industry sources. Neither we nor any other

persons connected with the Issue have verified this information.

Industry sources and publications generally state that the information

contained therein has been obtained from sources generally believed to

be reliable, but that their accuracy, completeness and underlying

assumptions are not guaranteed and their reliability cannot be assured

and accordingly, investment decisions should not be based purely on

such information.)

Education encompasses teaching and learning specific skills, and also

something less tangible but more profound: the imparting of knowledge,

positive judgment and well-developed wisdom.

Since independence, education has been visualized in government

policies as a precursor to national development as well as to better

quality of life. Growth in public expenditure on education has not been

impressive in terms of real prices and on per student basis. In the

Education Policy of 1968 it was envisaged that public expenditure on

education as a proportion of GDP will increase to 6% over time. While

GDP since increased 61 fold by 2002, public expenditure on education

increased from 1.68% to only 4.02% by 2002. During 1990s, after the

economic reform policies were introduced, public expenditure on

education declined from above 4% in 1990-91 to about 3.95% in 1998-99.

Thus, raising public expenditure on education to a level of 6% of GDP

has remained a national commitment for nearly forty years now. The

National Common Minimum Programme (NCMP) has also reiterated this

commitment. To fulfill this commitment, in addition to augmenting

budgetary support the Government imposed an education cess on direct

and indirect taxes in the Finance Act 2004-05 (No.2). The resource

generating capacity of the Government has got a boost after high growth

rates in the X FYP and the resulting exuberance should offer the right

opportunity to meet this long pending commitment of expenditure on

education which would also help in converting the opportunity offered

by demographic transition to a scenario of growth with social justice

and its future sustainability.

With the liberalization and globalization of the Indian economy, the

rapid changes witnessed in scientific and technological world and the

general need to improve the quality of life and to reduce poverty, it

is essential that school leavers acquire a higher level of knowledge

and skills than what they are provided in the 8 years of elementary

education, particularly when the average earning of a secondary school

certificate holder is significantly more than that of a person who has

studied only up to class VIII. It is also necessary that besides

general education up to secondary level, opportunities for improvement

of vocational knowledge and skill should be provided at the higher

secondary level to enable some students to be employable.

(Source: www.planningcommision.nic.in, report of Working Group on

Elementary Education and Literacy and on Secondary Education for the

11th Five Year plan)

The Indian Education Sector is by far the largest capitalized space in

India with government spend of $30bn (2006; at ~3.7% of GDP, it is in

line with the global average). For the 11th 5-year Plan, the Centre has

allocated a 6 times higher spend on education. Importantly, the extent

of the spends have created one of the `largest' education networks

globally of more than 1 million schools and approximately 17000 higher

education institutes (HEIs) in India, home to the largest population

within the age group 0-24 years.

Initiative by Indian Government

To ensure "Education for All" the Department of School Education and

Literacy has a multi pronged approach. Two flagship programmes are

being implemented viz. the Sarva Shiksha Abhiyan (SSA) and the Midday

Meal Programme (MDM).

While the Sarva Shiksha Abhiyan aims to achieve universal elementary

education of satisfactory quality by 2010, the MDM supports it by way

of enhancing attendance of children and simultaneously improving their

nutritional status. Owing to increase in the number of students

completing at elementary stage, there is a surge in demand for

secondary education. It is, therefore, essential to be prepared to meet

it through improving access at secondary level.

Few of the new initiatives during the 11th five year plan for secondary

education are as follows:

1. Prime minister in his Independence Day address for 2007 has

announced that the central Government will support setting up of 6000

model schools throughout the country on school at each block to serve

as bench of excellence.

2. ICT in schools: A revamped scheme of Information Communication

Technology (ICT) in Schools will be implemented in partnership with the

states and private providers. The scheme provides computer aided

education and ICT literacy with broadband connectivity in about one

lakh secondary and higher secondary schools of Government, Local bodies

and Government -Aided schools.

3. Computer Aided Education both at elementary and secondary level The

XI Plan outlay for Higher Education is roughly Rs. 85,000 Cr. which

marks an over 9 times increase (at current prices) over the X Plan

expenditure. Priorities for Higher Education in the XI Plan are

expansion of access (i.e. of institutional infrastructure), equity

(i.e. to ensure effective participation of disadvantaged groups, and to

correct regional imbalances), improvement of quality, and optimal use

of Information & communication technology to promote achievement of

these objectives.

4. It is also proposed to launch a National Education Mission through

Information present and Communication Technology which will provide

Broadband connectivity to all the institutions of higher numbering

about 400 University level institutions and over 20000 degree colleges

besides making available high quality e-content for dissemination

through the connectivity to be provided under this Mission.

In a nutshell, the strategies for entire school education are aimed at:

1. Addressing residual access at elementary level and improving access

at secondary level.

2. Addressing equity by way of incentives for girls and students

belonging to SC/ST/Minority etc.

3. Improving quality by focusing on acquisition of basic competencies

in numeracy & language in schools at primary stage and improved

learning level in Science and Maths particularly thereafter.

4. Computer Aided Education both at Elementary & Secondary level.

Centrally Sponsored Scheme of Information & Communication Technology

(ICT) in schools

The Information and Communication Technology [ICT] in School Scheme was

launched in December 2004, to provide opportunities to secondary stage

students to mainly build their capacity on ICT skills and make them

learn through computer aided learning process. The Scheme is a major

catalyst to bridge the digital divide amongst students of various socio

economic and other geographical barriers. The Scheme provides support

to States/UTs to establish computer labs on a sustainable basis. It

also aims to setup SMART schools in Kendriya Vidyalayas and Navodaya

Vidyalayas which are pace setting institutions of the Government of

India to act as "Technology Demonstrators" and to lead in propagating

ICT skills among students of neighbourhood schools.

Objectives

1. To establish an enabling environment to promote the usage of ICT

especially in Higher Secondary and Secondary Government Schools in

rural areas. Critical factors of such an enabling environment include

widespread availability of access devices, connectivity to the Internet

and promotion of ICT literacy.

2. To ensure the availability of quality content on-line and through

access devices both in the private sector and by SIETs.

3. Enrichment of existing curriculum and pedagogy by employing ICT

tools for teaching and learning.

4. To enable students to acquire skills needed for the digital world

for higher studies and gainful employment

5. To provide an effective learning environment for children with

special needs through ICT tools.

6. Promote critical thinking and analytical skills by developing self-

learning. This shall transform the classroom environment from teacher

centric to student-centric learning.

7. To promote the use of ICT tools in distance education including the

employment of audio-visual medium and satellite- based devices.

Coverage

The Scheme currently covers both Government and Government aided

Secondary and Higher Schools. Support is provided for procurement of

computers and peripherals, educational software, training of teachers,

computer stationary, internet connectivity and for monitoring purposes.

A computer lab having at least 10 work stations is envisaged. For Smart

Schools the lab may have at least 40 work stations.

Financial Assistance and Cost Norms

The financial assistance is given to States and other institutions on

the basis of the approvals accorded by Project Monitoring and

Evaluation Group headed by secretary of the Department of School

Education and Literacy.

The Group also consists of the representatives of other Ministries,

experts and others. The unit cost per school is Rs. 6.7 lakh. Central

Assistance is provided in the ratio of 90:10 of the Annual Project Cost

between Center and the Special Category States, and in the ratio of

75:25 among the remaining States and UTs.

Norms for expenditure on various items / activities are as follows:

1.10 PCs/Printer/CRT per school inclusive of facilities like scanner,

web camera, modem etc. or one server with 10 workstation with

accessories.

2. Operating System & Application Software

3. Educational Software

4. Furniture

5. Computer Stationery

6. Teachers' Training

7. Internet

8. Maintenance

9. Monitoring Cost

10. Recurring Costs, which includes consumables, hardware and network

maintenance, monitoring costs, telephone for Internet usage

It may be noted that even in the revised norms, it is proposed to have

greater in-built flexibility. The States would have the option to incur

expenditure on the above items or any other item like generators,

reparation of labs for computers including civil repairs and cabling

and provision of electricity depending upon their needs and resources,

subject to an overall maximum limit of Rs.6.70 lacs per school. The

Central Government's share would be restricted to Rs.5.00 lacs per

school.

(Source: Ministry of Human Resource Development - Department of Higher

Education website)

Source - Birla Shloka Edutech Ltd - 11/01/2010

Prevent Unauthorized Transactions in your demat account -> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day....................issued in the interest of investors.
KYC is one-time exercise while dealing in securities markets -> Once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.