Provisions for Education Sector
The year 2015-16 was vital for the Indian economy in the domain of fiscal policy. Certain fundamental policy measures like acceptance of the Fourteenth Finance Commission recommendation on increased devolution of central taxes to states; reduction in Union Government's Plan grants for states; abolition of Planning Commission etc. have impacted the overall fiscal architecture of India. In wake of these significant changes, it is important to see, what Union Budget 2016-17 has to offer for the education sector.