Finance Minister Nirmala Sitharaman announced that the capacity of the Indian Institute of Technology in Patna will be expanded as part of a broader initiative to increase capacity among IITs, which includes adding infrastructure to accommodate an additional 6,500 students across five IITs. The government will provide a 10,000 PM Research Fellowship for students in IITs and IISc Bangalore with enhanced financial support.
50,000 Atal Tinkering Labs in government schools, digital format books in colleges, and schools
The government will establish 50,000 Atal Tinkering Labs in government schools over the next five years to cultivate scientific temper in young minds. To improve the quality of education, the government will implement the Bharatiya Bhasha Pustak Scheme in a digital format using Indian languages for schools and higher education. The government will implement measures to promote nutritional support in the country. Sitharaman said that five national centres for skilling would also be set up with global expertise.
Sitharaman proposes to remove TCS on remittances for educational purposes
Govt has proposed to Remove TCS on Remiiances for EducaRon Purposes, where such remittance is out of a loan taken from a specified financial institution.
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What is Atal?
Atal Innovation Mission (AIM) is the Modi government's flagship initiative to create and promote a culture of innovation and entrepreneurship across the length and breadth of the country. The mission has been set up under the Niti Aayog following the finance minister's declaration in the 2015 Budget speech. ATL is a workspace where young minds can give shape to their ideas through hands-on do-it-yourself mode and learn innovation skills. The objectives of the AIM are to create and promote an ecosystem of innovation and entrepreneurship across the country via interventions at school, university, research institutions, MSME and industry levels.