Page 51 - NIS English Aug 1-15, 2024

Allocation to Department
Out of Rs 6323.41 crore for DSIR, an amount of Rs
of Scientific and Industrial
6265.80 crore has been earmarked for Council of
Research (DSIR)
Scientific and Industrial Research (CSIR).
10.03 percent increase
6323.41
5746.51 Crore
Crore

2023-24 2024-25

Innovation, Research and Development “This budget brings a lot of

new opportunities for our
n The Union Budget 2024-25 announced the setting
up of Bharat Small Reactors in partnership with startups, for the innovation
the private sector and promoting collaborations in ecosystem. Be it a fund of Rs
R&D of Bharat Small Modular Reactors as nuclear
1000 crore to promote space
energy is expected to become an important part of
energy security. economy or a decision to
n Budgetary support of Rs 1 lakh crore for
abolish Angel Tax, many
Anusandhan National Research Foundation (NRF)
such steps have been taken
was announced. A mechanism will be set up
to promote private sector driven research and in this budget.”
innovation at commercial scale.
- Narendra Modi,

Prime Minister

Space Economy

n The space economy will
be further strengthened by
setting up a Venture Capital
Fund (VCF) of Rs 1 lakh crore,
which will expand the space
economy 5 times in the next
10 years.

New India Samachar August 1-15, 2024 49

30-07-2024 17:22:18
NIS English AUG 1-15 2024 FINAL. Inf..indd 49
NIS English AUG 1-15 2024 FINAL. Inf..indd 49 30-07-2024 17:22:18