Union Cabinet approves creation of a single non-lapsable corpus fund for Secondary

Posted on:17 Aug 2017 09:31:12
Union Cabinet approves creation of a single non-lapsable corpus fund for Secondary
17 August 2017 Current Affairs: The Union Cabinet of Prime Minister Shri Narendra Modi accorded its approval today for the creation of a non-lapsable pool in the Public Account for secondary and higher, education is known as "Madhyamik and Uchchtar Shiksha Kosh" (MUSK) which all proceeds of "Secondary and Higher Education Cess" are credited.

The funds arising from MUSK will be utilized for schemes in the education sector which will be available for benefit of students of secondary and higher education.

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