Budget Gives Big Boost To ISRO As FM Sitharaman Increases Budgetary Allocation By Eight Per Cent

In a major boost for the Indian Space Research Organisation (ISRO), Union Minister for Finance Nirmala Sitharaman has approved a hike in allocation for the nation's space endeavours by as much as eight per cent for the financial year 2020-21, reports The Hindu.

This comes as a major shot in the arm for ISRO which has a series of major missions lined up this year, which include the unveiling of the low cost launch vehicles costing a lowly Rs 30-35 crore, a third moon mission and also a test flight for a full fledged astronaut driven space mission.

The higher allocation for the space missions being spearheaded by the ISRO also comes as a booster for the smooth execution of expensive and long-gestation projects like Gaganyaan project which is being rigorously pursued by the ISRO.