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<ul><li>The Human Resource &amp; Development Ministry (MHRD) will launch a course in aerospace engineering. </li><li>The course will be available online from 29 July. </li><li>It will include six courses, imparting knowledge on designing, manufacturing and maintenance of spacecraft, aircraft, missiles in aerospace engineering. </li><li>In India, the annual compensation of aerospace engineers is nearly ₹867,543. </li></ul>Soon after India launched <keyword id="53289" type="PERSON" weightage="20" keywordseo="Chandrayaan-2">Chandrayaan-2</keyword>, its second mission to the moon, the Human Resource &amp; Development Ministry (MHRD) said that its ‘Swayam’ portal will offer online courses in aerospace engineering. The course will be available online from 29 July. Launched by the Indian government, Swayam provides open online courses with teaching and learning resources to its citizens. “ISRO will go ‘back to the moon’ today. Learn Aerospace Engineering with Swayam, who knows, if you are a part of the journey the next time,” the Human Resource Development (HRD) Ministry said in a tweet. 
 
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 The portal will have six courses that provide knowledge on designing, manufacturing and maintenance of spacecraft, aircraft, missiles in aerospace engineering. Indian <keyword id="49737" type="COMPANY" weightage="20" keywordseo="IITs">IITs</keyword> will also offer several courses to enhance the learning in the domain. The Indian Institute of Technology (IIT) Kanpur will conduct a three month long ‘Aircraft stability and control’ course and ‘Design of fixed wing unmanned aerial vehicles’ course for two months, under the initiative. It will also conduct ‘Introduction to rocket propulsion’ course for three months. In the aerospace domain, IIT Bombay will also launch a three month long course on ‘Introduction to aerospace engineering/flight’ imparting the basics of aerospace engineering. ‘Vibration and structural dynamics’ course will be conducted by IIT Kharagpur. The demand for Aerospace engineers has been on the rise, globally. According to the Bureau of Labor Statistics, the sector will create jobs at a rate of 6% by 2026. In India, the annual compensation of aerospace engineers is nearly ₹867,543. See also: <a href="https://www.businessinsider.in/jee-candidates-can-apply-for-uk-queens-university/articleshow/69922025.cms">Those who clear India's Joint Entrance Examination (JEE) may get a shot at UK's Queen's University</a> <a href="https://www.businessinsider.in/watch-the-spectacular-launch-of-chandrayaan-2-indias-moon-mission-that-cost-less-than-avengers-endgame/articleshow/70328691.cms">Watch the spectacular launch of Chandrayaan-2 — India's moon mission that cost less than Avengers: Endgame</a> <a href="https://www.businessinsider.in/after-chandrayaan-2-launch-isro-chief-k-sivan-lists-out-the-tasks-cut-out-for-the-moon-mission/articleshow/70329956.cms">ISRO Chief K Sivan says Chandrayaan 2 "bounced back with flying colours" but that task is not over yet</a>

Indian government launches online aerospace engineering course for those who aspire to reach the moon

"Education which does not help common mass of people to equip themselves is it worth of name?.." Finance Minister <keyword id="42575" type="PERSON" weightage="100" keywordseo="Arun-Jaitley">Arun Jaitley</keyword> quoted Swami Vivekanandav in the Parliament, before making some of the biggest Budget announcements India has received in education sector so far. 
 
While highlighting Modi government's "Transform, Energize and Clean India" mission for Budget 2017-18, the Finance Minister said,"Quality education will energize our youth." 
 
He proposed the introduction of a system of measuring annual learning. Emphasis, he said, will be given to science education in schools. 
 
To free CBSE and other agencies of administrative responsibilities, he announced a National Testing agency to conduct all examinations in higher education. 
 
Additionally, in a major push to Make In India, Jaitley announced 100 international skill centres across India to help youth who are seeking jobs overseas. 
 
3479 educationally backward blocks will be given focus. A Swayam platform will be launched with atleast 350 online courses and it will be made available through DTH. 
 
Other key highlights concerning education, youth, women and minorities: 
 
Youth 
- Legislative reforms to simplify existing labour laws 
- ​Stress on vocational training for youth - Two new <keyword id="40458" type="COMPANY" weightage="20" keywordseo="AIIMS">AIIMS</keyword> to be set up in Jharkhand and Gujarat 
- Stepped up allocation for welfare of women and child at 1,82,000 crore 
-​ One stop convergence support system for skill employment etc for rural women 
 
Women and Children 
- Model Shops and Establishment Bill to open up additional opportunities for employment of women 
- For welfare of women and children, allocation stepped up from Rs 1,56,528 cr to Rs 1,84,632 cr in 17-18 - Rs 500 cr allocated to set up <keyword id="4126560" type="UNKNOWN" weightage="20" keywordseo="mahila-shakti-kendras">Mahila Shakti Kendras</keyword> 
- Allocation raised from Rs 1.56 lakh cr to Rs 1.84 lakh cr for women and child welfare. 
- Hiked Allocation For Women Skill Development to Rs 1.84 lakh cr 
- Total allocation to women and children related schemes to rise from Rs 1.56 lakh crore to Rs 1.84 lakh crore 
 
Minorities - SC/ST 
- 35% increase in funds allocation for schedule castes to Rs 52,393 crore. 
- Allocation for minorities stepped up 4195 cr. 
- Outcome based monitoring by NITI Aayog introduced. 
 The Finance Minister said,"Providing quality education is very crucial to the children who are on their way to create India’s core working population in the next 10 years. This development in their formative years can help the country in the years to come. <keyword id="6599769" type="UNKNOWN" weightage="20" keywordseo="Budget-2017">Budget 2017</keyword> is an opportunity for the government to concentrate on the improvement of school education for children who are enrolled in primary and secondary schools. The Centre’s commitment to education has always been high on intent but low in practice." 
 
The Budget 2016-17 allocated Rs 1,51,581 crore for social sector including education and health care. The then budget included 62 new Navodaya Vidyalayas to be opened, Sarva Shiksha Abhiyan to increasing focus on quality of education, regulatory architecture to be provided to ten public and ten private institutions to emerge as world-class Teaching and Research Institutions, set up of higher education financing agency with initial capital base of 1000 Crores and the digital depository for school leaving certificates, college degrees, academic awards &amp; mark sheets to be set-up.

Finance Minister Arun Jaitley makes biggest announcements for Education Sector in India

After demonetisation, every class of citizens had big expectations—realistic or not—from the government to offer some sort of relief. However, <keyword id="6358021" type="PERSON" weightage="20" keywordseo="budget">Budget</keyword> 2017 has failed to meet most of the raised expectations. 
 
Below are the details of what different sections wanted and what they got in Budget 2017. 
 
<a href="http://www.businessinsider.in/this-is-what-budget-2017-had-in-store-for-startups/articleshow/56905882.cms">ALSO READ: This is what Budget 2017 had in store for startups</a> 
 
Individual taxpayers 
 
What you wanted: Minimum slab for personal income tax was expected to be raised by at least Rs 1 lakh. Slabs were also expected to be restructured by lowering tax on slabs above Rs. 5 lakh. 
 
What you got: Tax rate for individuals in the lowest income tax slab—Rs 2.5 lakh to Rs 5 lakh—to 5 per cent instead of 10 per cent. 
 
Corporates 
 What you wanted: <keyword id="6390789" type="COMPANY" weightage="20" keywordseo="Jaitley">Jaitley</keyword> was expected to cut corporate tax of 30 per cent by at least one percentage point as he has himself promised in his Budget speech in 2015 to reduce it from 30 per cent to 25 per cent in a phased manner over three years. Minimum Alternate Tax (MAT) on special economic zones was expected to be reduced to 10 percent in the upcoming Budget to boost investments. MAT rates have more than doubled from 7.5 percent in 2007 to 18.5 percent today. 
 
 What you got: MAT allowed to be carried forward for 15 years from 10 years now. Corporate tax was reduced to 25 per cent—but only for those with an annual turnover of up to Rs 50 crore. 
 
<a href="http://www.businessinsider.in/where-indian-start-ups-stand-globally-after-union-budget-2017-18/articleshow/56916586.cms">ALSO READ: Where Indian start-ups stand globally after Union Budget 2017-18</a> 
 
IT companies 
 What you wanted: Weighted deduction on <keyword id="73655" type="ORGANIZATION" weightage="20" keywordseo="Research-and-Development">Research and Development</keyword> (R&amp;D) and skill development expenses that are extended to many other sectors. 
 
What you got: Nothing. 
 
Youth 
 
What you wanted: Cheaper mobile phones and other electronic gadgets. More affordable education loans. More jobs. 
 
What you got: No immediate benefit but several schemes with long-term impact: schemes to promote skills and employment-linked training in the rural India; making school and college education more outcome-based; effective accreditation for colleges; and SWAYAM platform with at least 350 online courses. 
 
Banks 
 
What you wanted: Tax exemptions customers as well as vendors/merchants conducting digital transactions above a certain limit. More capital infusion. 
 
What you got: Increase in allowable provision for non-performing assets of banks from 7.5 per cent to 8.5 per cent. No additional capital infusion except Rs 10,000 crore under the ongoing Indradhanush scheme. 
 
Housing sector 
 
What you wanted: Higher income tax incentives for first-time home buyers. Infrastructure status to the housing sector. 
 
What you got: Affordable housing given infrastructure status. Tax relief to real estate developers on the unsold stock as a liability to pay capital gains will arise only in the year a project is completed. 
 
Mobile manufacturers 
 
What you wanted: A 10-year tax holiday for local mobile manufacturers. Exemption of duty on import of capital goods used 
 
 in the manufacturing of mobile handsets and components. 
 What you got: The government has proposed to impose a 2% special additional duty on populated printed circuit boards (<keyword id="6355595" type="COMPANY" weightage="20" keywordseo="PCB">PCB</keyword>) used for mobile phones, those which are imported into the country. In last year’s budget, the government had levied a 2% SAD on PCBs but later rolled it back after the industry said the ecosystem for local manufacturing of these components was not ready in India. 
 
The poor 
 
 What you wanted: The way The Economic Survey 2016-17 advocated universal basic income, there was an expectation that something similar will be offered in the Budget. Cheaper daily use goods. 
 
What you got: Nothing. 
 
The middle class 
 
What you wanted: Moving up of the lowest income-tax slab. More income tax exemptions on a home loan. Cheaper consumer durables. 
 
What you got: Tax rate for individuals in the lowest income tax slab—Rs 2.5 lakh to Rs 5 lakh—to 5 per cent instead of 10 per cent. 
 
<keyword id="624" type="ORGANIZATION" weightage="20" keywordseo="Women">Women</keyword> 
 
What you wanted: Lower interest on loans. Incentives for women entrepreneurs. 
 What you got: <keyword id="4127860" type="UNKNOWN" weightage="20" keywordseo="mahila-shakti-kendra">Mahila Shakti Kendra</keyword> will be set up with an allocation of Rs. 500 crores in 14 lakh ICDS Anganwadi Centres.

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Indian government launches online aerospace engineering course for those who aspire to reach the moon

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Finance Minister Arun Jaitley makes biggest announcements for Education Sector in India

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What you wanted vs. what you got in Budget 2017

BI India Bureau

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