 "Interim Budget 2019: Department of Space funds increased to Rs 11,538 cr")
Finance Minister Piyush Goyal allocated Rs 11,538.26 crore to the Department of Space in the Interim Budget for 2019-20. The development comes in the backdrop of upcoming important space programmes, including sending an Indian astronaut to space by 2022 and Chandrayaan-2, among others.
According to the Budget papers, a sum of Rs 11,538.26 crore has been proposed for the Department of Space for 2019-20, up from Rs 11,200 crore as per the revised estimates for 2018-19.
The funds proposed towards space technology have increased to Rs 7,482.59 crore for 2019-20, up from Rs 6,992.60 crore as per revised estimates for 2018-19.
The space technology head consists of activities related to different centres of the Indian Space Research Organisation (ISRO), including the newly formed Human Spaceflight Centre.
However, the sum to be allocated for developing and building INSAT/GSAT satellites was proposed to be cut to Rs 884.42 crore for 2019-20, down from Rs 1,330.20 crore as per revised estimates for 2018-19.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%