Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 within the Rajya Sabha on the second day of Budget Session of Parliament in New Delhi on Wednesday.
| Photo Credit: ANI
The Ministry of Science & Technology has obtained an allocation of ₹16,361.42 crore within the Union Budget, a nominal enhance of 15% from the earlier funds estimate. Between 2021-22 and 2022-23, the Ministry had obtained a 3.9% lower.
The bulk of the hike has gone to the Department of Science and Technology (DST), which has obtained ₹7,931.05 crore, up 32.1% from final yr.
The Ministry of Science & Technology had an essential half to play through the COVID-19 pandemic, particularly supporting analysis and innovation on vaccines, medical units, and medicines.
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Apart from the DST, it consists of the Department of Biotechnology (DBT), which obtained ₹2,683.86 crore, a nominal hike of three.9%, and the Department of Scientific and Industrial Research (DSIR), which obtained ₹5,746.51 crore (1.9%).
Most of the DST’s enhance comes from a ₹2,000 crore allocation to the National Research Foundation. The authorities introduced this entity in 2021 with an outlay of ₹50,000 crore over 5 years to “strengthen the governance structure of the research-related institutions and [to] improve linkages between R&D, academia, and industry”.
The Biotechnology Industry Research Assistance Council (BIRAC) underneath the DBT, an implementing physique underneath the federal government’s ‘Mission COVID Suraksha’ in 2020 to develop COVID-19 vaccines and increase vaccine manufacturing, has obtained a 40% reduce.
The Ministry of Earth Sciences has obtained ₹3,319.88 crore, a hike of 25.11%. While excessive, that is comparatively decrease than the earlier hike of 40%.
These Ministries and departments are collectively accountable for selling, supporting, and translating analysis within the nation and its functions in varied sectors.
India’s gross expenditure on analysis and growth (GERD), which incorporates State authorities and private-sector investments, has been steadily declining since 2009-2010, making larger public sector funding in R&D a longstanding demand of the nationwide analysis group.
Source: www.thehindu.com
