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.
