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Make Elementary Education Prerogative Of Local Self-Government For Division Of Work With Efficiency, Sufficiency And Equity: VC Professor Goel
In educational planning and management, education finance has become one of major concern which is associated with to both in public and private sectors as well as governmental and organizational processes by which revenues are generated, distributed, managed and used for the operational and capital support of formal education which requires addressing the appropriation and innovation issues.

"The federal Government of India should distribute the educational tasks vertically which are merit wants (quasi-public goods) with direct benefits to the seekers and externalities for the government. The Central, State and Local Government should not poke its nose at every level of education. The students are to be prepared for vocationalization, meaning thereby the job justifying up to +2 level educations which should fall in the Central List for providing it free of cost to all by treating it as a public good. We should leave higher education to the State Government or vice versa .Elementary education should be the responsibility and prerogative of the local self-government for division of work with efficiency, sufficiency and equity ," opined Vice-Chancellor, Jagan Nath University, Jaipur Professor  MM Goel while addressing the participants of a  national seminar  at National Institute of Educational Planning and Administration (NIEPA) Deemed to be University on the topic 'Educational Finances  in India: Issues and Innovations' here today.

 The inclusiveness of education is a distant dream in India where educational loans (10.50 percent to10.75 percent rate of interest) are costlier than car loans (9.20 percent - 9.25 percent rate of interest) by the SBI, says Prof. Goel in a release issued from his university.

 The cost of education (private and social) is increasing day by day which is further fuelled by inflation. To tap new resources in the federal economy of India, there is need of linking user charges and fee structure with inflation rate based on consumer price index (CPI) which is sufficient to bring efficiency and equity, believes  VC Goel.

 There is a need for continuous search for innovations and alternative sources of financing the expenditure on education (three tier government) which is in tune with Wagner's hypothesis and calls for suitable pricing of birth, death and marriage certificates which falls in the domain of local Government and can be shared with State and Centre, he feels.

The future employer should pay for the education and calls for campus placement in the beginning of the course without blame for unemployable manpower with proper monitoring and participation in academics under CSR , he adds.

For proper utilization of resources, it would be relevant to adopt the canons of public expenditure advocated by Ambedkar. we should spend the resources garnered from the public not only according to rules, laws and regulations, but should also see that 'faithfulness, wisdom and economy in execution' are adhered to in the acts of expenditure by public authorities, he observes.

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