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Budget 2021-22 prioritises Gaganyaan, India’s human spaceflight mission, over all others — here’s why Business Insider India 03-02-2021 Prabhjote Gill © ISRO Budget 2021-22 prioritises Gaganyaan, India’s human spaceflight mission, over all others — here’s why Finance Minister Nirmala Sitharaman declared that India’s first human spaceflight mission, Gaganyaan, will conduct its first unmanned launch by the end of the year. Other space exploration missions like Chandrayaan-3, Shukrayaan, and Mangalyaan-2 did not make it into her Budget 2021-22 address. Here are...

1. Health and Wellbeing There is substantial increase in investment in Health Infrastructure and the Budget outlay for Health and Wellbeing is Rs 2,23,846 crore in BE 2021-22 as against this year’s BE of Rs 94,452 crore, an increase of 137 percentage. The Finance Minister announced that a new centrally sponsored scheme, PM AatmaNirbhar Swasth Bharat Yojana, will be launched with an outlay of about Rs 64, 180 crore over 6 years. This will develop capacities of primary, secondary, and tertiary care Health Systems, strengthen existing national institutions, and create new institutions, to cate...

Hon’ble Speaker, I present the Budget for the year 2021-2022. 1. Honourable Speaker, the preparation of this Budget was undertaken in circumstances like never before. We knew of calamities that have affected a country or a region within a country, but what we have endured with COVID-19 through 2020 is sui generis. 2. When I presented the Budget 2020-21, we could not have imagined that the global economy, already in throes of a slowdown, would be pushed into an unprecedented contraction. 3. We could not have also imagined then that our people as those in other countries would have to endure...

Allocations increased for defence, space segments in Union Budget PTI New Delhi: The defence budget, including outlay for payment of pensions, was increased to Rs 4.78 lakh crore for 2021-22 as against last year’s Rs 4.71 lakh crore. Excluding the pension outgo the allocation in the Union Budget for Armed Forces stands at Rs 3.62 lakh crore. Out of total allocation, Rs 1.35 lakh crore in the Union Budget has been set aside for capital outlay to purchase new weapons, aircraft, warships and other military hardware. The Union Budget was presented in the Lok Sabha by Finance Minis...

After a steep cut last year, the Department of Space has been allocated Rs 13,949 crore in this Budget, of which Rs 8,228 crore have been earmarked for capital expenditure. Rs 700 crore has been allocated for the New Space India Limited (NSIL), a newly formed public sector undertaking under the Department of Space. "The New Space India Limited, 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," Finance Minister Nirmala Sitharaman said in her budget speech. NewSpace India Limited ...