| |19 APRIL 2016HIGHERReview35 %25 %20 %10 %10 %other aspects of the initiative, Mr. Haria shows his appreciation of the decision made by the Finance Ministry. The service sector is also seen as the sector geared for big changes with the entrepreneurship phase taking over the country right now.India's service sector covers a broad variety of activities such as trade, transport, financing, real estate, and services associated with construction. With around 52 per cent contribution to the Gross Domestic Product (GDP) in 2014-15, the services sector is the principal sector in India's GDP and has the power to affect the Indian economy with greater effect, positive or negative. The focus of this year's budget on infrastructure and entrepreneurship gives the service sector more opportunities to grow further as a segment. More infrastructures mean more businesses and smoother transactions leading to better entrepreneurial avenues. Higher education also received speculation in the news recently for the budget that showed an increase compared to the Fiscal Year of 2014-15 and for several other reasons. Rs. 28,840 crores have been assigned to higher education. Besides that, higher education is to see the establishment of a new funding agency to finance infrastructure expansion and renovation of government institutions such as the IITs, IIITs, NITs, IISERs and different central universities. Higher Education Financing Agency (HEFA) is to be a not-for-profit organization that will leverage funds from the market and supplement them with donations The income of new establishing Multi Skill Training Institute across the country should have been exempted from income tax under section 10 in order to provide further boost to the sector and Government could have brought in some provisions for accelerated deduction of expenses on skill development by corporate.Sanjeev Duggal, CEO and MD, Centum LearningFaculty , Research & PublicationsEstablishment & ApprovalsCurrent Students & AdmissionsPlacements & Salary StatisticsInfrastructure & Facilities
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