CURRENT AFFAIRS

Detailed explanation-1: -The Centre’s Deep Ocean Mission, which aims to explore marine biodiversity for the sustainable use of resources, has been allocated Rs 600 crore in the Union Budget 2023-2024. The government has doubled the allocation from last year’s revised fund of Rs 300 crore.

Detailed explanation-2: -The overall estimated cost of the Deep Ocean Mission is Rs. 4077 crores for a period of five years (2021 to 2026).

Detailed explanation-3: -The estimated cost of the project The estimated cost of the mission will be Rs 4077 crore for a period of 5 years to be implemented in a phase-wise manner. The estimated cost for the first phase for the 3 years (2021-2024) would be Rs 2823.4 crore.

Detailed explanation-4: -The correct answer is 13, 700 crore. Finance Minister Nirmala Sitharaman has allocated Rs 13, 700 crore to the Department of Space in the Union Budget.

Detailed explanation-5: -Sitharaman has allocated Rs 650 crore for the Deep Ocean Mission in the Budget for 2022-23 as against Rs 150 crore allocated in the revised estimates the previous year. The Union Cabinet had approved the Deep Ocean Mission in June last year. The mission was announced in the Union Budget last year.