The National Council of Educational Research and Training (NCERT) decided to incorporate topics like Goods and Services Tax (GST) and demonetization in its academic curriculum from the year 2018. Students can now study about India’s much talked about GST and demonetization in their NCERT text books which will help them understand the topic minutely and in gaining in depth knowledge of India’s fiscal policy.
NCERT includes GST and Demonetisation in Curriculum from next year
Yesterday, NCERT took the decision of sending the editions of economics, accountancy, business studies and political science books to reprint for the academic year 2018. These new editions of the NCERT books will be studied at all the Central Board of Secondary Education (CBSE) affiliated schools including Jawahar Navodaya Vidyalayas and the Kendriya Vidyalayas.
However, many states have also decided to include the studies of GST and demonetization in their state board curriculum from the next academic year to teach the biggest tax reform in India ever. Academicians and the school board believe that via this new curriculum students will learn how the 86 per cent of the country’s currency got declared invalid within a few hours.
Reason why NCERT introduces GST & demonetization lessons from 2018
Teachers and academicians think that as of now the NCERT text books doesn’t contain any such lessons on the implementation of GST in India and how demonetization took place but it will be very important for the student of accounts and commerce background to know about the reformation of old valued currency notes have brought in India.
Apparently, the University of Delhi has also decided to introduce lessons on GST, a new implemented tax reform in India in the academic curriculum of the students belonging to the commerce stream. In fact, Delhi University (DU) will begin teaching on GST as well as on Demonetisation to the students of Bachelor of Arts (Programme), Bachelor of Commerce (Honors) and Bachelor of Commerce (Programme).
Well, this is a nice thought of the academicians and the economists collectively to teach children about India’s new tax reforms and demonetization. We hope that NCERT’s inclusion of GST and demonetization will help students to study the economy of India in a more better way.