Implications of national education policy. Shiva T 1910077

Implications of National Education Policy in the field of Commerce and Finance.

The National Education Policy (NEP) is a draft policy on improvising the quality of the education and research, increasing the access and affordability of education and promoting the equity and enhancing the accountability of the institutions. This policy was established with an aim of centralized learning having one objective to transform the nation sustainably. This policy is divided into four parts and majorly deals with School education and Higher education in the first two parts and also takes into consideration the additional key areas and transforming the education in the next two parts.

NEP part two deals with higher education system in India, the entire section is focused on inculcating the research culture amongst the students and the faculty and increasing the quality of teaching. The major change of education in improving the quality is by establishing more and more interdisciplinary and multidisciplinary courses rather than focusing on the single field of study. This is made possible with the mission of liberal arts. 

The policy speaks about the fragmentation of the higher education system and calls for the restructuring and revamping of the higher education hierarchy in the country by establishing three types of institutions, research universities, teaching universities and colleges. To make this possible, the policy puts forth Mission Nalanda and Mission Takshashila which restructures and revamps the entire higher education system in the country. With the help of these two missions, the policy does away with the existing affiliation system. Under Mission Nalanda, the type 1 and type 2 institutions are established. Under Mission Takshashila, type 3 institutions are of major focus.

The implications of this policy involves the construction of necessary infrastructure and much more man power to monitor the progress of the implementation of the policy itself. To do away with the affiliation system is a good thing but this will drastically reduce the revenues for the state universities. Finance minister in her debut budget stated that Rs. 400 crores is set aside for implementation of this policy which will not be sufficient to carry out such a mammoth task put forth by this policy especially impossible to carryout mission Takshashila. The planning of these two mission is spread over for another two decades and speaking of the technological advancement and the requirements of the industry, this policy may be outpaced by the future developments.

The policy speaks about empowering the private institutions as either universities or autonomous colleges and treating them on par with the central universities may lead to lobbying for the establishment of the institutions. It also recognizes the institutions as degree granting autonomous colleges which may lead to granting degrees for the sake of "revenues" which may lead to the higher unemployment rate. The overall institutions in the nation will be reduced from 40000 colleges and 800+ universities into 600+ type 1 and type 2 universities and 15000 degree granting colleges, the aim of achieving higher gross enrollment ratio with this reduced infrastructure will be a herculean task. These will have an impact upon the teaching quality like it will increase the teacher student ratio which will affect the mentoring of the students and keeping track of their quality of study.

A move towards the liberal arts education is a welcome from this policy whereas the policy have not made sure how the teachers or the facilitators will be able to play a multidisciplinary role. This will increase the competition in the market in today's economic scenario and the main aim of sustainable development may not be achieved.

The policy also speaks about setting up a National Research Foundation which will help in the disbursal of the sanctions and take care of the funding of the research taken up by the institutions. However, the funding of the NRF is itself will be a problem. In today's economic scenario, the economic slowdown has effected many industries and GDP of the nation is going down, in this case how the policy aims to address this issue of funding is to be a wait game.

NEP considers education as an investment, a onetime investment, rather than an expenditure. It advocates public funding as a route map for financing of the HEIs. This can have a repercussions in the form of transparency and capital colonialism, the investors or the funding agencies may lobby for the seats in the education institutions as they are funding the institutions. Policies regarding to fee regulation to be brought in. The autonomy of the institutions may get curbed and the institution may have to compromise on its autonomy in these instances both financially and quality wise. These above mentioned might become the implications of NEP as limited to my knowledge.

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