Skip to content
  • Facebook
  • X
  • Linkedin
  • WhatsApp
  • YouTube
  • Associate Journalism
  • About Us
  • Privacy Policy
  • 033-46046046
  • editor@artifex.news
Artifex.News

Artifex.News

Stay Connected. Stay Informed.

  • Breaking News
  • World
  • Nation
  • Sports
  • Business
  • Science
  • Entertainment
  • Lifestyle
  • Toggle search form
  • Congress govt can put even Goebbels to shame in terms of spreading lies: KTR
    Congress govt can put even Goebbels to shame in terms of spreading lies: KTR Nation
  • Under-threat British PM Starmer to attempt reset after disastrous polls
    Under-threat British PM Starmer to attempt reset after disastrous polls World
  • India Legend Sachin Tendulkar Joins National Cricket League’s Ownership Group
    India Legend Sachin Tendulkar Joins National Cricket League’s Ownership Group Sports
  • Access Denied
    Access Denied Nation
  • Cricket World Cup 2023, India vs Bangladesh: Players To Watch Out For
    Cricket World Cup 2023, India vs Bangladesh: Players To Watch Out For Sports
  • Samsung Workers Call Off Strike, Ready To Resume Work: Tamil Nadu
    Samsung Workers Call Off Strike, Ready To Resume Work: Tamil Nadu Nation
  • Access Denied Sports
  • Pakistan military accepts mercy petitions of 19 convicts involved in May 9 violence
    Pakistan military accepts mercy petitions of 19 convicts involved in May 9 violence World
Budget 2023 | Department of Space gets ₹12,500 crore, 8% less than previous year

Budget 2023 | Department of Space gets ₹12,500 crore, 8% less than previous year

Posted on February 1, 2023 By admin


The biggest cut is for space technology, under ‘Central Sector Schemes’, of ₹1,093.84 crore. 

The Department of Space expenditure has been slashed by 8% in the 2023-24 Union Budget, down to ₹12,543.91 crore, from ₹13,700 crore in the previous Budget estimate. However this is 19% higher than the revised estimate from the last fiscal.

The biggest cut is for space technology, under ‘Central Sector Schemes’, of ₹1,093.84 crore. This header encompasses the expenditure of ISRO’s various centres, including the Human Spaceflight Centre, as well as “developmental and operation projects” involving satellites and launch vehicles.

The allocation for the Semi-Conductor Laboratory, an autonomous body, has gone from ₹400 crore to zero, since the facility has been moved out from under the Department of Space as part of the India Semiconductor Mission.

Notably, the expenditure for space science, which includes the Indian Space Research Organisation’s (ISRO) science missions such as Chandrayaan 3, Aditya L1, and its Climate and Atmospheric Programme, has received a nominal cut of 32% from the previous budget estimate.

Also Read | Indian Space Association demands for PLI inclusion, GST, Angel tax exemptions

Many science missions are already delayed due to the COVID-19 pandemic and non-availability of launch vehicles thanks to low manufacturing output and commercial launch commitments. Late January, ISRO chairman S. Somanath said Aditya L1 is expected to launch around July 2023.

Track Budget 2023 latest updates here

ISRO is expected to achieve 84% human spaceflight capability for its Gaganyaan mission in 2023-24. It is also expected to launch 13 satellites on four PSLV launches, three satellites on two GSLV launches, and one on its new SSLV rocket, with a projected commercial revenue of ₹331.5 crore.

The INSAT satellite system has received a hike of ₹112 crore and is expected to generate a revenue of ₹445 crore in 2023-2024 by “providing satcom services”.



Source link

Business Tags:Budget 2023, Budget 2023 dept of space, budget 2023 space sector, budget news, budget news today, department of space budget allocation, dept of space allocation budget 2023, space programme budget, space technology budget 2023, union budget 2023

Post navigation

Previous Post: Budget 2023 | MGNREGS fund cut by 33% to 60,000 crore
Next Post: Budget 2023 | Major thrust planned for green energy

Related Posts

  • Sanjay Malhotra is the new RBI Governor for a three-year term
    Sanjay Malhotra is the new RBI Governor for a three-year term Business
  • Maruti Suzuki unveils new Baleno
    Maruti Suzuki unveils new Baleno Business
  • Sensex, Nifty climb in early trade on buying in IT, bank stocks
    Sensex, Nifty climb in early trade on buying in IT, bank stocks Business
  • Access Denied Business
  • Access Denied Business
  • Access Denied Business

More Related Articles

Gold falls ₹250 to ₹73,700 per 10 grams; silver stays flat Gold falls ₹250 to ₹73,700 per 10 grams; silver stays flat Business
Restore incentive for cashew exports: Tamil Nadu Cashew Processors and Exporters Association Restore incentive for cashew exports: Tamil Nadu Cashew Processors and Exporters Association Business
Access Denied Business
UPI gets global launch at Eiffel Tower in France UPI gets global launch at Eiffel Tower in France Business
Budgets that shaped India – The Hindu Budgets that shaped India – The Hindu Business
Fixing problems, unlocking India’s growth potential Fixing problems, unlocking India’s growth potential Business
SiteLock

Archives

  • October 2026
  • September 2026
  • August 2026
  • July 2026
  • June 2026
  • May 2026
  • April 2026
  • March 2026
  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Business
  • Nation
  • Science
  • Sports
  • World

Recent Posts

  • Women stage silent demonstration at Kathipara against police action on anti-CEC protesters in Delhi
  • DGCA bans specific power banks on flights
  • Saudi Supreme Court sets aside Sri Lankan migrant worker’s death penalty
  • Nedumbassery accident: CPI(M) stages protest march to police station over ‘indifference’ in handling of case
  • Why CJI Surya Kant said ‘no’ to Rahul Gandhi’s request to meet | Explained

Recent Comments

  1. RobertTes on UP Teacher Who Asked Students To Slap Muslim Classmate
  2. Manuelret on UP Teacher Who Asked Students To Slap Muslim Classmate
  3. RobertTes on UP Teacher Who Asked Students To Slap Muslim Classmate
  4. RobertTes on UP Teacher Who Asked Students To Slap Muslim Classmate
  5. BrentWes on UP Teacher Who Asked Students To Slap Muslim Classmate
  • Stock Market Today: Sensex, Nifty tumble in early trade; Adani group stocks crack
    Stock Market Today: Sensex, Nifty tumble in early trade; Adani group stocks crack Business
  • Bangladesh Interim Caretaker Muhammad Yunus To Student Leaders Of Protest
    Bangladesh Interim Caretaker Muhammad Yunus To Student Leaders Of Protest World
  • Access Denied Business
  • Access Denied Business
  • IND U-19 vs AUS U-19: Vaibhav sizzles as India U-19 makes a strong start in Youth Test
    IND U-19 vs AUS U-19: Vaibhav sizzles as India U-19 makes a strong start in Youth Test Sports
  • Role Of Nuclear Arms More Prominent Amid Geopolitical Tensions: Researchers
    Role Of Nuclear Arms More Prominent Amid Geopolitical Tensions: Researchers World
  • T20 World Cup Semi-final Qualification Probability: India 96.6%, Afghanistan 37.5%, Australia…
    T20 World Cup Semi-final Qualification Probability: India 96.6%, Afghanistan 37.5%, Australia… Sports
  • IPL’s batting marauders set a scorching pace, but will their feats endure?
    IPL’s batting marauders set a scorching pace, but will their feats endure? Sports

Editor-in-Chief:
Mohammad Ariff,
MSW, MAJMC, BSW, DTL, CTS, CNM, CCR, CAL, RSL, ASOC.
editor@artifex.news

Associate Editors:
1. Zenellis R. Tuba,
zenelis@artifex.news
2. Haris Daniyel
daniyel@artifex.news

Photograher:
Rohan Das
rohan@artifex.news

Associate Journalists
1. Subrata Paul - AN/2020/01
2. Quamruz Zaman - AN/2021/22
3. Ahmed Sha - AN/2021/035
4. Ajay Kumar Shaw - AN/2021/39
5. Tahqiqul Hoda - AN/2021/21

Artifex.News offers Online Paid Internships to college students from India and Abroad. Interns will get a PRESS CARD and other online offers.
Send your CV (Subjectline: Paid Internship) to internship@artifex.news

Links:
Associate Journalism
About Us
Privacy Policy

News Links:
Breaking News
World
Nation
Sports
Business
Entertainment
Lifestyle

Registered Office:
72/A, Elliot Road, Kolkata - 700016
Tel: 033-22277777, 033-22172217
Email: office@artifex.news

Editorial Office / News Desk:
No. 13, Mezzanine Floor, Esplanade Metro Rail Station,
12 J. L. Nehru Road, Kolkata - 700069.
(Entry from Gate No. 5)
Tel: 033-46011099, 033-46046046
Email: editor@artifex.news

Copyright © 2023 Artifex.News Newsportal designed by Artifex Infotech.