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Education and its economic outgrowths

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73rd Independence Day PM address
New Delhi: Prime Minister Narendra Modi addresses the Nation on the 73rd Independence Day from the ramparts of Red Fort, in New Delhi on Aug 15, 2019. (Photo: IANS)

In his Independence Day speech, Prime Minister Narendra Modi highlighted the issue of population explosion in the country and the need to address it. He added education as a means of both moderating the trend of rising population and making them productive as well. Development trends throughout history have shown that as literacy levels go up, fertility rate falls and economic growth is easier to achieve. The latter is due to the fact that with education, child progress takes place at a faster rate making the future generation of workforce more productive.

Keeping this in view, the National Education Policy (NEP) is updated regularly to ensure equitable access to high quality education to the children of the country. The most recent, NEP 2019, is still in the public domain for wider consultations. Since the country’s independence in 1947, Indian government has always sponsored a variety of programmes to address the problems of low levels of literacy rates in rural and urban India alike.

The first NEP was formulated in 1968. Based on the reports and recommendations of Kothari Commission (1964-1966), the Indira Gandhi government called for radical restructuring and equalizing educational opportunities to achieve national integration along with greater cultural and economic development. This policy laid the groundwork for all the other education policies that followed it.

Focusing on compulsory education for all children till the age of 14 years and introducing the policy which promoted the three-language formula (promoting learning of regional language), it gave way to the next educational policy, National Education Policy 1986. This policy, under the Rajiv Gandhi government focused on the inclusivity of the Scheduled Castes (SC) and Scheduled Tribes (ST) by promoting scholarships, incentives to poor families, and recruiting more teachers from the backward classes.

Due to such initiatives, India has been on track of an improved and inclusive educational condition that our society requires to provide to our next generation. Literacy rate since the time of Independence has increased from 18.33 per cent (Census 1951) to 74.04 per cent (Census 2011). In the decade between the last two Census’ alone, the country’s literacy rate shot up by 14 percentage points.

On the other hand, gender disparity has still been an area that the existing policies have not significantly influenced. As reported by Census 2011, there is a wide gap between the literacy rates of males (80.9 per cent) and females (64.60 per cent). This gap is also a leading cause for the population explosion that the country has experienced through its impact on family planning. Despite the best government efforts through initiatives like ‘Beti Bachao Beti Padhao’, the trend has persisted.

Along with such issues of basic literacy, India’s education system will also need to address the problem of employability. Each year the Annual Status of Education Reports (ASER) reveal the learning deficit of Indian students beginning at the level of elementary schools. The last report found that more than half of Class V students can only read texts meant for Class II. Such deficiencies will impede the country from achieving optimum productivity levels in the long run.

The NEP 2019 emphasises on these as well as many other obstacles in achieving a better education system and looks to achieve a plethora of goals in the next decade. Starting from early childhood care and education, NEP 2019 aims to achieve quality education for children between 3-6 years and ensures that every student in Grade 5 and beyond would achieve literacy and numeracy by 2025. The policy also aligns itself with the Goal 5 of SDGs by aiming to achieve universal Gross Enrolment Ratio in schools as well as universal youth and adult literacy by 2030 after extending the Right to Education Act from pre-school till Grade 12.

Along with these, NEP 2019 also considers that the government bodies and policy makers do have a huge role to play. First, it emphasizes on increasing school governance by organizing schools into school complexes ensuring availability of infrastructure, resources and people. Second, it plans to establish an apex body, the Rashtriya Shiksha Aayog, which would act as the custodian of the vision of education in India headed by Prime Minister. Third, the higher studies institutions would have autonomy on academic, administrative and financial aspects of their institutes. Finally, the policy would also catalyse research and innovation across the country through the formation of a National Research Foundation.

The implementation is still key in deriving the desired outcomes through the NEP, but it sets the required agenda on achieving child progress and, through it, a moderation in population growth and robust economic growth in the future. By increasing the importance of co-curriculars as well as vocational training, for instance, it would provide a child with a multi-disciplinary background, which might be the need of the hour in an increasingly mechanised world. The effect of these initiatives will only be realised over the long run but a timely shift in narrative towards better education outcomes was necessary and a commensurate policy shift is welcome at this time. The India of the future demands it.

(Amit Kapoor is chair, Institute for Competitiveness. He can be contacted at [email protected] and tweets @kautiliya. Abhinandan Menon, researcher, Institute for Competitiveness, has contributed to the article)

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Rahul Gandhi returning to lead Congress again?

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scindia rahul gandhi priyanka gandhi

New Delhi/Wayanad (Kerala), Dec 6 : Former Congress President Rahul Gandhi is all set to return to lead the party and is likely to take over after the Delhi assembly polls early next year. A hint to this effect was dropped by Congress General Secretary, Organisation, K.C. Venugopal who said that country wants his leadership more now.

Venugopal, who is accompanying Gandhi to his Kerala constituency Wayanad, told reporters: “The nation is going through a critical phase… The party needs his leadership and there is loud chorus from the workers to bring him again and we hope he will listen to them.”

A Congress session is scheduled in the next few months to ratify the appointment of interim President Sonia Gandhi. A source said that in the same meet, a chorus will grow to bring again Rahul Gandhi as planned by young leaders in the party.

Rahul Gandhi’s elevation to the party organisation was first demanded at the AICC’s Hyderabad session in 2006 where workers from UP raised slogans in his favour and he was made party General Secretary in 2007. After that, the demand to make him Vice President was raised at the brainstorming session in Jaipur in 2013.

He was elected President unopposed in 2017 after demand from different quarters of the party, but during the 2019 General Elections, the party was routed under his leadership and he resigned in May taking the responsibility of poll debacle and did not budge to the party’s repeated requests to reconsider. In August, Sonia Gandhi was appointed interim party chief.

Though he may not be the party chief, but Rahul Gandhi’s decisions are evident within the party’s decisions as evinced by appointment of Nitin Raut as minister in the Shiv Sena-Congress-Nationalist Congress Party coalition government in Maharashtra and of Nana Patole as the Assembly Speaker.

The party is finalising a venue for the AICC session, which could be held in the Congress-ruled states of Madhya Pradesh or Rajasthan in January and February, a source said.

By: BY SAIYED MOZIZ IMAM

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RBI holding repo rate bodes well for savings: Economists

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Reserve Bank of India RBI

New Delhi, Dec 6 : Even as many see the RBI’s pause on repo rate as a setback for the growth, some economists argue that any further cut could have affected households savings which have already seen a decline in recent times.

“Reduction in interest rate will work negatively. The interest rate is like a double-edged sword. It will have an impact on savings and it will have an impact on investments. We know very clearly that it does not have much impact on investments. Now, what is it doing? It is basically hampering the savings,” said N.R. Bhanumurthy of the National Institute of Public Finance and Policy (NIPFP).

He also said that monetary policy is not just about interest rates.

“There are many things which monetary policy does. It can ensure that credit flow is better and the banking sector is in good shape. They can create money supply. So, it can do many things. They have to now see how savings could be improved,” the NIPFP professor said.

M. Govinda Rao, Chief Economic Advisor, Brickwork Ratings, said that transmission of the reduction in the policy (repo rate) requires the lending rates to fall. Further, that would also require the deposit rates to fall, which could result in reduced saving by households.

“When the inflation rate is perking up, if the banks also reduce the deposit rates, the rate of return on savings will decline which could not only reduce the incentive to save but also can hurt the elderly who maintain themselves from the interest income,” he said.

As per Economic Survey of FY19, gross savings fell nearly 60 basis points as a share of GDP in two years to 30.5 per cent in 2017-18. Household savings led the decline as its share contracted from as high as 23.6 per cent of GDP in 2011-12 to 17.2 per cent of GDP in 2017-18.

“The household sector savings declined from 23.6 per cent of GDP in 2011-12 to 17.2 per cent in 2017-18 and its net financial savings and a ratio of GDP declined from 7.2 per cent to 6.5 per cent during the same period. Thus, besides inflationary expectations, ensuring adequate real rate of return on the savings could be an objective of keeping the repo rate constant,” Govinda Rao said.

As against market expectations of a rate cut, the RBI on Thursday maintained the policy repo rate at 5.15 per cent. With this, the reverse repo rate also stands unchanged at 4.9 per cent. The Monetary Policy Committee (MPC) was unanimous in its decision to maintain status quo on both rates and ‘accommodative’ stance.

(Nirbhay Kumar can be contacted at [email protected])

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Immediately probe the encounter: Legal experts

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Hyderabad Murder Encounter

New Delhi, Dec 6 : Legal experts say as per the law a probe should be immediately set up into the mysterious encounter of the four accused in the rape and murder of a Hyderabad-based veterinarian.

“The rule of law should prevail in the country, there should be an immediate inquiry into the encounter of the accused,” said senior advocate Vikas Singh, former President of Supreme Court Bar Association.

A week after the brutal gang rape and murder of the young veterinarian in Hyderabad, police shot dead all the four accused in an alleged ‘encounter’ near Shadnagar town.

The accused were killed in the early hours of Friday when they allegedly snatched weapons from the police and tried to escape from Chatanpally near Shadnagar, about 50 kms from Hyderabad.

Singh emphasised that there should be balance between justice delivery system and human rights of the citizens. “The authorities should immediately begin an inquiry into this encounter, and this probe should be completed as soon as possible. The authorities should ascertain whether it was a genuine encounter or it was stage managed by the police,” added Singh.

The four accused killed in the encounter were identified as lorry drivers Mohammed Arif (26) and Chintakunta Chennakeshavulu (20), and lorry cleaners Jollu Shiva (20) and Jollu Naveen (20). All hailed from the Narayanpet district of Telangana.

Senior advocate Puneet Mittal said that there should immediately be a judicial probe into the matter to unearth the real picture behind this mysterious encounter. “The probe should be on the factors that were behind this encounter. The families of the accused could also move the court seeking inquiry into the matter,” added Mittal.

Senior advocate Sanjay Parekh said according to the law the encounter should be looked into as killings. “As per law, a case should be registered against the police officials involved in the alleged encounter followed by a probe,” said Parekh.

He also insisted that usually the action of the police officials claiming self defence comes into the picture at the stage of the trial, but at this stage of the case there should be a probe immediately to verify the encounter.

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