Cutting Rs 3000 cr in education budget is like drop in ocean: Nobel Laureate Abhijit Banerjee

While addressing a press conference in Mumbai on January 11, Nobel laureate Abhijit Banerjee expressed his concern over Centre's reported plan to cut the school education budget by Rs 3,000 crore and called it ‘drop in the ocean’. “The federal government provides very little of the funding in education. Education is a state subject and it is mostly funded by the state. Cutting Rs 3,000 cr is like a drop in the ocean,” said the Nobel Laureate.