Budget 2024: Under-spending brightens allocations for science ministries, depts.
The Hindu
Union Budget 2024 allocations for science Ministries show under-utilisation, with bright spots in quantum and oceanographic research funding.
The allocations for the traditional science Ministries and departments in the Union Budget presented by Union Finance Minister Nirmala Sitharaman on Tuesday present a dull picture against the 2023-2024 figures. However, the picture brightens up if their continuing under-utilisation is taken into account.
The Department of Science and Technology (DST) received ₹8,029 crore, a marginal increase over the ₹7,931 crore from last year, but nearly two-thirds more than its utilisation of ₹4,891.78 crore.
Revenue expenditure under other scientific research accounts for the bulk of these numbers. The allocation for the National Quantum Mission jumped from zero last year to ₹427 crore this year. This Mission “aims to seed, nurture, and scale up scientific and industrial R&D and create a vibrant and innovative ecosystem in quantum technologies”. The Union Cabinet approved it in April 2023 with a total outlay of ₹6,000 crore over eight years.
The allocation for the Department of Biotechnology (DBT) has been cut from ₹2,683.86 crore to ₹2,275.7 crore this year, yet it had more than ₹1,000 crore in unspent funds last year. Notably, its allocation under biotechnology R&D has dropped from ₹1,345 crore last year to ₹1,100 crore this year and under ‘other scientific research’ from ₹2,472.97 crore to ₹2,087.26 crore this year as against a utilisation last year of ₹1,508.07 crore.
The Department of Scientific and Industrial Research (DSIR), which oversees the more than three dozen DSIR laboratories around the country, tells a different story. It overspent its allocation last year by 8% but has received only a 2% hike over that. The hike brings its allocation this year to ₹6,323.41 crore.
The Ministry of Earth Sciences (MoES) has been given ₹3,064.80 crore — a modest increase over its actual expenditure of ₹2,879.02 crore last year but a 7.6% cut from the budgeted value. The capital outlay on oceanographic research has increased by ₹53 crore to ₹280 crore whereas that for meteorology has dropped by ₹168 crore to ₹276.20 crore. Among other activities, the MoES is currently piloting the ‘Deep Ocean Mission’, to develop vehicles to explore the ocean, prospect for resources, and develop technologies to mine them. The Union Cabinet approved it in 2022 at a cost of ₹4,000 crore.
Including the respective allocations and utilisation by the Departments of Space (DoS) and of Atomic Energy (DAE), the total increase across all these departments and Ministries over the budgeted allocation last year is -1.3% whereas over the revised expenditure it is +20.85%.
Amazon said it held discussions with some vendors about adjusting costs to reflect the reduction in tariff rates
PFRDA seeks tax neutrality across all NPS payout plans to enhance customer choice and meet diverse pension needs.
Garuda Aerospace and BEL sign MoU to collaborate on supplying advanced drones for India's Defence Forces and security agencies.
Stock markets remain flat amid volatility, with foreign investors selling off equities while domestic buyers show activity.
Microsoft said Tuesday it will shoulder the full electricity costs of its US data centres to prevent American households from facing higher power bills driven by surging AI
The GPU sector is dominated by Nvidia, now the world's most valuable company thanks to frenzied global demand and optimism for AI.
1.2L Turbocharged iTurbo Revotron engine and a twin-cylinder iCNG technology paired with an AMT gearbox.
The Passenger Vehicle PV) segment clocked its highest-ever sales in a calendar year 2025 (CY25) at 44.90 lakh units, growing 5% Year on Year (YoY) driven by Q3 offtake, according to the data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday.
Human + AI will define the future of work and nearly all HR leaders (97%) anticipate that by 2027, the nature of work will be shaped by humans working alongside AI rather than engaging with it only intermittently, said a Nasscom study conducted in association with Indeed, a US-based job site.
Central bankers express unity with Fed Chair Powell, emphasizing the importance of central bank independence amid political pressures.
Rice exporters urge India's Commerce Ministry for assistance in clearing payments amid Iran's civil unrest impacting trade.
PFRDA forms an expert committee to create a framework for assured payouts under the National Pension Scheme (NPS).
Petroleum Minister Hardeep Puri discusses LNG, LPG, and green hydrogen cooperation with British Columbia's Premier to enhance India-Canada energy partnership.