You are here: Home » Budget » News
Business Standard

Budget 2021: Nirmala Sitharaman announces launch of Deep Ocean Mission

On Monday, Union Finance Minister Nirmala Sitharaman announced an allocation of over Rs 4,000 crore over the next five years for the Deep Ocean Mission

Budget 2021 | Nirmala Sitharaman | Ocean

ANI  |  General News 

nirmala sitharaman
Union Finance Minister Nirmala Sitharaman speaks during the post-budget press conference, at National Media Centre in New Delhi | Photo: PTI

Union Finance Minister in her Budget speech on Monday said a "Deep Mission" will be launched.

"Sincere gratitude to Finance Ministry of India and Union Finance Minister Niramala Sitharaman ji for marking an outlay of 4,000 crores rupees, over 5 years to support the Deep Mission. Ministry of Earth Sciences is committed to contributing to the nation's prosperity" the ministry tweeted

The Secretary of the Ministry, Madhavan Rajeevan posting on microblogging site said: "Ambitious mission mode program aims to explore deep resources and to study biodiversity and climate change."

While announcing the Union Budget, Sitharaman said, "Our oceans are a storehouse of living and non-living resources. To better understand this realm, we will launch a Deep Ocean Mission with a budget outlay of more than Rs 4,000 crore over five years. This Mission will cover deep ocean survey exploration and projects for the conservation of deep-sea biodiversity."

The Ministry of Earth Sciences (MoES) has been allocated Rs 1,897.13 crore in this year's Union Budget.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, February 02 2021. 01:45 IST