Budget 2021-22: Science & Tech

  • IASbaba
  • February 2, 2021
  • 0
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Budget 2021-22: Science & Tech

Part of: GS Prelims and GS- III – Sci & Tech

In news 

  • To strengthen the overall research ecosystem of the country, the Union Budget FY 2021-22 announced a slew of new initiatives to boost innovation and R&D in the country.

Key takeaways

  • The Finance Minister proposed an outlay of Rs 50,000 crore, spread over five years, for the National Research Foundation.
  • Rs 1,500 crore has been proposed for a scheme that will provide financial incentives to promote digital modes of payment and further boost digital transactions.
  • A new initiative called National Language Translation Mission (NTLM) has been proposed that will digitize the wealth of governance-and-policy-related knowledge on the Internet and be made available in major Indian languages.
  • New Space India Limited (NSIL), a PSU under the Department of Space, will execute the PSLV-CS51 launch, carrying the Amazonia Satellite from Brazil, along with a few smaller Indian satellites.
  • Four Indian astronauts are also being trained on Generic Space Flight aspects, in Russia for the Gaganyaan Mission, slated to be launched in December 2021.
  • To better understand the realm of Oceans, Finance Minister proposed to launch a Deep Ocean Mission with a budget outlay of more than Rs 4,000 crores, over five years.

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