Public expenditure in higher education is the real investment that any country can make because it enables it to shape up its future, Javadekar said. Every year, the Budget for all IISERs was Rs 900 crore, while it was Rs 300 crore for Indian Institute of Science.
"Every effort is made to ensure that adequate funds are available to various centres of excellence and there will not be any shortage of funds for them," he said. The focus of the government is to promote quality education and the purpose of quality education is to produce good human beings, he said, adding that subjects of humanities were also taught and research programmes are promoted.
Participating in the debate, Sushmita Deb (Congress) said before according IISER status, the government should address the issue of connectivity to Berhampur which does not have an airport.
Besides, there is a shortage of faculty at the Tirupati institute, she said quoting media reports and adding that the admission to research programmes have also been delayed by one year.
Deb said there was an issue of unemployment as far as engineering graduates are concerned, which points to the fact that skills do not match with the job market requirements. Out of 8 lakh engineers passing out every year, 5 lakh remain unemployed, she said quoting a government report.
The biggest challenge for these institutes was faculty building, she added.
Ramesh Pokhriyal 'Nishank' (BJP) said science and research play important role in development of any country. The government was promoting research and innovation by setting up new institutes, he said.
Mriganka Mahato (TMC) said international ranking of many premier institutes were very low and there was a need to improve this. A committee should be set up to monitor the quality of education and ranking, he said.
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